RAK Bank to close 25% of its branches next month
The National Bank of Ras Al Khaimah (RAK Bank) will shut down nine branches from next month as demand for…
Retail Banking
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Kuwait: NBK’s AGM was held with a 77.86% quorum and approved all BOD’s proposals
National Bank of Kuwait held today (Saturday, 7 March 2020), its 2019 Annual General Meeting and Extraordinary General Meeting (EGM),…
Saudi banks exceed maximum loan-to-deposit ratio in Q2-20
Deposits held by banks operating in Saudi Arabia grew by SAR 151.53 billion or 8.9% year-on-year (YoY) to SAR 1.843…
Abu Dhabi’s ADCB to lay off 400 employees, sources say
Abu Dhabi Commercial Bank is letting go hundreds of employees, sources said, the latest in a round of lay-offs by…
Companies Supporting the UAE Fintech Ecosystem During COVID-19
Despite the challenges the world is facing with the coronavirus, it has brought some great in humanity. In particular, not…
The Tel Aviv Stock Exchange Launching a Central Blockchain Securities Lending Platform
The Tel-Aviv Stock Exchange (TASE) announces recently the first-ever launch of a Central Blockchain Securities Lending Platform, which is an…
UAE's Network International to acquire African payments' firm DPO
Dubai headquartered-Network International has announced it will acquire African-based technology-enabled payments enabler DPO Group for $288 million. The acquisition…
Turkey under pressure as inflation forecasts rise
Turkey’s central bank, under pressure from rising prices and a volatile drop in the lira, ratcheted up inflation forecasts on…
NBB H1 profit down 27.3% on Covid-19 impact
National Bank of Bahrain has reported a 27.3% decrease in its net profit attributable to equity shareholders to BD29.1 million…
Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…
Qatari Commercial Bank Says The Worst Oil Shock Is Over
The worst of the shock to oil markets and economies stemming from the COVID-19 pandemic is already behind us, the…
First Abu Dhabi Bank joins Middle East lenders in raising provisions
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…