HSBC To Restart Restructuring, Eyes Deeper Job Cuts
The biggest reorganization in HSBC’s history could get even larger as more cuts are requested by the board following the…
Retail Banking
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Mashreq provides help to a quarter of its retail clients through Covid-19 scheme
A quarter of Mashreq Bank’s retail customers have so far been provided government-led relief measures to ease their financial burden…
Saudi British Bank completes 1st Phase with “Wethaq”
The Saudi British Bank has completed the first phase of automating bank guarantees through “Wethaq” digital platform,recently launched by The…
Bank Muscat AGM approves 35% cash dividend, 5% bonus shares
Bank Muscat held its Annual Ordinary General Meeting and an Extraordinary General Meeting of the bank’s shareholders using the electronic…
UAE banks’ risk rise in bad loans: S&P
United Arab Emirates banks are at risk from a spike in bad loans over the next one to two years…
Dubai Startup Jingle Pay Targets the Middle East With Digital Neobanking Services
Jingle Pay is bringing neobanking to the Middle East, starting with its home turf of the UAE. The neobank…
SABB completes 1st Phase with “Wethaq”
The Saudi British Bank (SABB) has completed the first phase of automating bank guarantees through “Wethaq” digital platform,recently launched by…
Moody’s affirms QIIB rating at ‘A2’ with stable outlook
QIIB has announced that the credit rating agency Moody’s has affirmed the bank’s rating at ‘A2’ with a stable outlook,…
GCC banks consolidation drive to continue in 2020, says KPMG
Lenders in the GCC have been rapidly consolidating as they seek to remain competitive, KPMG said and noted the drive…
Qatar banks’ net profit growth averages 5.5% in 2019: KPMG
Qatar’s banking sector saw “positive” results in 2019, with an average 5.5% growth in net profit, which is attributable to…
Saudi banks maintained sound financial metrics in 2019, but under pressure – Fitch
Saudi banks maintained sound financial metrics in 2019 but witnessed a mild deterioration across most core metrics in a more…
Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis
Bahrain’s mobile payment app has seen a huge surge in take-up during the Covid-19 coronavirus pandemic as the country’s population…