Turkey’s Yapı Kredi bank to impose limit on forex deposit accounts – Reuters
Turkish bank Yapi Kredi will impose a limit on fixed foreign currency deposit accounts and a minimum duration on some…
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Omani bank Ahli names new chairman, board members
Ahli Bank has elected Hamdan Ali Nasser Al Hinai as its new chairman of the bank during a remote Annual…
Egyptian state banks collect over $10bn from high-yield savings product
Egypt’s two biggest state banks have collected 171 billion Egyptian pounds ($10.5 billion) from a new high-yield savings product they…
Private deposits in commercial banks rise by 8.8%
Total deposits held with ODCs registered a growth of 8.8 per cent and stood at OMR13,697.7 million at the end…
Coronavirus impact: UAE banks plan 10-15% cut in workforce
In the UAE, hospitality, real estate, retail and professional services sector have mostly seen layoffs in the last few months…
Higher provisions led to plunge in top UAE banks' Q1 profit
Top UAE banks reported declines in first quarter net profit as they made higher provisions for the challenging macroeconomic conditions—low…
Guiding you through the digital banking landscape in the UAE
The UAE’s banking sector is rapidly leading the GCC region in digital banking solutions. But what exactly is digital banking…
BACB makes double appointment in Côte d’Ivoire
British Arab Commercial Bank have made two new appointments to its Côte d’Ivoire team, both based in Abidjan. Patrick…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia's banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil – sources
Dubai Islamic Bank has revived plans to issue a U.S. dollar-denominated sukuk, or Islamic bond, sources familiar with the matter…
MoneyGram partners Al Rajhi Bank in Saudi Arabia
MoneyGram International has announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank…
First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date,…