TCS to power Israel's first fully digital bank
India's largest software services firm Tata Consultancy Services (TCSNSE 6.49 %) will launch Israel's first fully digital bank in what…
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Dubai’s CBD reports weaker first quarter profit on higher provisions
Commercial Bank of Dubai reported a 7 per cent drop in its first-quarter net profit as impairment allowances rose and…
Turkish government targets private banks during pandemic
The Turkish government's struggle to mitigate the economic damage from the COVID-19 outbreak has failed. It has now adopted a…
Dubai’s Emirates NBD posts 24% fall in net profit for Q1 2020
Dubai’s Emirates NBD posted a 24 per cent year-on-year (y-o-y) decrease in its first quarter net profit, it announced on…
Oman Arab Bank gets regulatory nod for Alizz bank merger
Oman Arab Bank is set to proceed with its merger with Alizz Islamic Bank after securing regulatory approval for the…
CBK tells lenders to postpone customer dues
The Central Bank of Kuwait on Sunday instructed banks to postpone amounts due from coronavirus affected customers for six months…
UAE borrows $7bn to counter slumping oil prices
The Emirate of Abu Dhabi has priced a $7 billion multi-tranche international bond offering as an integral component of its…
FAB, Etisalat Digital launch fully contactless digital invoicing solution for SME merchants
First Abu Dhabi Bank, FAB, has partnered with Etisalat Digital to launch a digital invoicing solution that caters to the…
Dubai’s largest bank sees decline in revenue over Coronavirus
Emirates NBD, Dubai’s largest bank, on Monday reported a 24 percent slide in first quarter net profits after making huge…
Rating agencies take closer look at Saudi banks
The recent collapse in crude prices driven by a sharp coronavirus-led drop in global oil demand has prompted major credit…
Collapse of the banking system could mean the end of Lebanon
The Lebanese only want to know one thing: When will banks release their hold on people’s deposits? It’s not just…
Emirates NBD first-quarter profit dives 24%
Dubai’s largest lender Emirates NBD said on Monday its first-quarter net profit declined 24% on-year due to higher provisions the…