Retail Banking

Comment & Analysis

Mastercard study shows consumers in Middle East & africa move to contactless payments for everyday purchases, seeking touch-free payment experiences

May 3, 2020

During March, as many countries in the Middle East and Africa imposed necessary restrictions on social distancing, a significant majority…

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Regulation, Risk & Compliance

Egypt's NBE denies cancelling 15% yield certificates

May 1, 2020

The National Bank of Egypt continues to offer the new 15% annual yield savings certificates, the lender’s vice chairman Yehia…

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Coronavirus

COVID-19: UAE's ADIB bids on digital to drive Islamic trade finance

May 1, 2020

UAE lender Abu Dhabi Islamic Bank is renewing its focus on providing shariah-compliant trade financing in the region, driving in…

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Coronavirus

QIB’s Gamal warns of profit threat to every bank

May 1, 2020

Never letting a good crisis go to waste, to borrow a phrase from Winston Churchill, Qatar has used a three-year…

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Comment & Analysis

UAE Exchange House's parent company now 'finds' $1 billion plus debt

May 1, 2020

The parent company of UAE Exchange Centre had “hidden” debts of around $1.3 billion, according to the latest revelations of…

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Comment & Analysis

Credit profile of GCC banks to weaken over COVID-19, lower oil prices

April 30, 2020

Standalone credit profiles of GCC banks are set to weaken following the coronavirus pandemic and the drop-in oil prices, Fitch…

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Regulation, Risk & Compliance

Banque du Liban governor: State spenders must be held accountable

April 30, 2020

Riad Salameh, governor of the Lebanese central bank, on Wednesday defended his record, rejecting criticism that he was to blame…

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Financial Results

NBF reports Dh75 million first quarter 2020 net profit

April 30, 2020

National Bank of Fujairah posted a net profit of Dh75.4 million for the three month period ended 31 March 2020,…

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Comment & Analysis

Bahraini bank Al Baraka boosts provisions to cover any virus impact

April 30, 2020

Al Baraka Banking Group increased provisions by 10-12% in the first quarter to deal with any fallout from the coronavirus…

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Financial Results

National Bank of Fujairah PJSC – Q1 2020 Results

April 30, 2020

NBF’s robust liquidity and capital position and focused asset and liability management positions its well to navigate the uncertain environment…

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Hedge Funds & Alternative Investments

Dubai to Avoid Glare of Public Markets and Raise Bonds Privately

April 29, 2020

Dubai is in talks to raise billions of dollars of debt privately instead of following Gulf neighbors by tapping public…

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Executive Moves

Al Rayan Bank names new chief risk officer

April 29, 2020

Jerold Williamson has been appointed as chief risk officer at Al Rayan Bank, subject to regulatory approval.   This is…

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