EBRD provides Banque Misr with $100M loan BY
The European Bank for Reconstruction and Development announced Tuesday approving the provision of a senior unsecured loan to Banque Misr…
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Lira rebounds after Turkey ditches cheap bank funding
Turkey’s lira rebounded 1.8% yesterday and was on track for its best day in 10 weeks after the central bank…
SABB’s Waafer savings account voted ‘product of the year
The Saudi British Bank’s Waafer savings account has won the “Product of the Year” award for 2020 in the Kingdom.…
Samba Financial gains approval for DIFC branch
Samba Financial Group, the Saudi Arabian bank that is currently in $15.6bn merger talks with compatriot National Commercial Bank, has…
Ahlibank, Visa in exclusive partnership to foster payments innovation in Qatar
Ahlibank, a leading Qatari owned financial institution and Visa, the world’s leader in digital payments, have entered into an exclusive…
Italian FinTech partners with Abu Dhabi company on scheme to offer loans
A financial technology company that lends money to businesses on stock in their warehouse is set to launch in the…
CIH Bank automates corporate banking services with Finastra
Finastra has announced that CIH Bank has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its…
National Bank of Bahrain Wins Middle East’s Best Bank Transformation Award
The Euromoney Awards for Excellence 2020, which is the world’s global financial sector’s most esteemed accolades, recently awarded a bank…
UAE central bank temporarily relaxes rules on liquidity, funding for banks
The United Arab Emirates' central bank said on Saturday it was temporarily relaxing two key requirements to improve liquidity and…
Fewer UAE residents, businesses avail loans amid COVID-19; lenders tighten norms
Fewer businesses and private individuals in the UAE have applied for loans during the second quarter of the year, as…
COVID-19 impact: UAE’s credit demand takes a hit in second quarter of 2020
The UAE banks witnessed a decline in credit appetite both for business and personal loans during the second quarter of…
UAE Central Bank unveils more measures to shore up banks
The Board of the Central Bank of the UAE has decided on additional measures within the Targeted Economic Support Scheme,…