Al Salam Bank Bahrain launches virtual branch
Al Salam Bank-Bahrain (has announced the launch of its virtual branch, aimed at providing customers with safer, faster and more…
Retail Banking
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Turkish state banks handed lead role to boost economy
Turkey unveiled its most expansive programme of credit incentives in four years to help the economy recover from the coronavirus…
Dubai Headquarted Emirates NBD Bank and property start-up Urban partner to enable monthly rental instalments
Emirates NBD has partnered with property technology start-up Urban to create a first of its kind financing program for UAE…
QDB highlights Qatar’s efforts in dealing with Covid impact on business sector
The Qatar Development Bank participated in the annual startups and entrepreneurship developments conference 2020, themed “The Art of Innovation: Innovative…
UAE Central Bank issues financial reporting guidance to calculate Covid-19 credit losses
The Central Bank of the UAE issued guidance to financial institutions on the application of International Financial Reporting Standard 9…
Abu Dhabi Islamic Bank's CEO resigns after about one year in the role
The chief executive of Abu Dhabi Islamic Bank, Mazin Manna, has resigned, the bank said on Sunday, after being in…
ADIB appoints interim chief executive as group CEO steps down
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, appointed chief operating officer as the interim head of…
Sharjah hires banks for $1bn sukuk sale
The emirate of Sharjah hired banks to raise as much as $1bn from international debt markets, joining wealthier Gulf states…
Curbing money laundering
RECENT regulatory penalties by the Office of Financial Asset Control of the United States, Financial Conduct Authority of the United…
Retail industry witnesses transformational shift towards e-commerce globally
Dubai Future Foundation has launched its latest report titled ‘Life After COVID-19: Retail’. It showcases online retailers and e-commerce platforms…
Fitch affirms National Bank of Ras Al-Khaimah at 'BBB+'; Outlook Stable
(The following statement was released by the rating agency) Fitch Ratings-London-28 May 2020: Fitch Ratings has affirmed National Bank of…
Private sector customers lead double-digit deposits growth in Qatar banks
Commercial banks in Qatar saw a substantial year-on-year growth in the private sector customers' domestic deposits, particularly personal, thus leading…