Alinma Bank launches digital cards
Alinma Bank, a market leader in digital transformation and the digitization of the customer experience, recently enabled instant digital issuance…
Retail Banking
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TAMM launches ‘Abu Dhabi Pay’
The Department of Government Support, as represented by the Abu Dhabi Digital Authority (ADDA), has launched a digital payment platform,…
Turkey's banks combined net profit rises to 15.79 bln lira (2.05 bln euro) in March
The net profit of Turkey's banking sector rose by 26.5% year-on-year to 15.79 billion lira ($2.24 billion/2.05 billion euro) in…
Faisal Omar Alsaggaf, CEO, National Commercial Bank
On how Saudi banks are helping achieve the country’s broader goals To what extent has the outbreak of Covid-19…
MEA Retail Banks are the Strongest Believers in a Cashless Society, Prioritizing Digitalization to Drive Financial Inclusion: Study
6 in 10 banking executives in the Middle East and Africa (MEA) think cash will dip below 5% of retail…
RAKBank reports Dh153.5m first quarter 2020 net profit
The National Bank of Ras Al-Khaimah on Sunday reported a consolidated net profit of Dh153.5 million for the first quarter…
Lebanon banks reject rescue plan as govt asks IMF for help
An economic rescue plan that will form the basis of Lebanon’s talks with the International Monetary Fund (IMF) was panned…
UAE sees 78% surge in contactless payments: report
Contactless payments such as mobile wallet transactions have risen in hypermarkets across the region by 78 percent in Q1 2020…
GCC bank credit profiles to weaken despite massive economic stimulus
The credit profiles of GCC banks are set to weaken due to the coronavirus pandemic and lower oil prices despite…
Egyptian bank enters region through Kenya
Commercial International Bank, Egypt’s largest private sector lender by assets, is targeting more buyouts in East Africa after completing acquisition…
Fitch places two Egyptian banks on rating watch negative
Fitch has placed Egypt’s Commercial International Bank long-term issuer default rating, viability rating, national ratings and National Bank of Egypt's …
Virus may force Kuwait Finance and Bahrain’s AUB to reassess merger
One of the Middle East’s rare cross-border bank mergers may need to be reassessed after the coronavirus delayed the formation…