Analysis: Banks in the Gulf Cooperation Council Embracing Digital Solutions
Abu Dhabi Islamic Bank (ADIB) has launched its digital booking service enabling customers to schedule their branch visits ahead of…
Retail Banking
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Total assets of 18 listed national banks rise to AED3 trillion by end of June
Total assets of the 18 listed national banks rose to around AED3 trillion in H1-2020, up 8.2 percent, compared to…
Saudi Marketing signs $26.67mln financing deal with Bank Albilad
Saudi Marketing Company has signed a 100 million Saudi riyals ($26.67 million) Islamic credit facility agreement with Bank Albilad. …
Qatar’s Islamic banks fare well in 2019 balance sheet growth
Islamic banks have fared well in balance sheet growth than their conventional counterparts last year, the Qatar Central Bank (QCB)…
Rania Nashar wins Distinguished Arab Woman Award in the field of economics and banking
Arab Women Authority announced its choice of Ms. Rania Nashar for the Distinguished Arab Woman Award in the field of…
CCB lists $1.2b green bonds on Nasdaq Dubai
China Construction Bank Corp celebrated the listing of two green bonds of $700 million and $500 million, totaling $1.2 billion,…
Open Banking Is Increasingly Being Adopted by Fintech Sector in Bahrain and the MENA Region
Bahrain introduced its first Open Banking product for the MENA region during December of last year. The central bank…
First Abu Dhabi Bank extends Dh3.97b as rebates to small businesses
The First Abu Dhabi Bank (FAB) is extending nearly Dh4 million in rebates to merchants as part of Abu Dhabi’s…
Rising provisions take toll on Saudi bank profits in first half of 2020
Rising loan loss provisions adversely impacted profits of Saudi Arabia’s banks in the first half of 2020 despite an improvement…
QPay witnesses more than 4-fold jump in transactions in 2019
QPay, Qatar's e-commerce payment gateway, has witnessed a "remarkable" more than four-fold jump in transactions in 2019 and the direct…
UAE national banks’ assets hit $816bn in H1
Total assets of the 18 listed national banks in the UAE rose to around AED3 trillion ($816 billion) in H1-2020,…
Gulf International Bank signs partnership with Alnahda
Gulf International Bank –Saudi Arabia recently announced the signing of a partnership agreement with Alnahda Society in Riyadh (Alnahda) to…