Lebanese banks set 2,600 pounds to dollar rate for small accounts
Lebanese banks are to apply an exchange rate of 2,600 pounds per dollar for withdrawals from small accounts of up…
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Qatar banks post 13% jump in domestic credit to QR1tn at end of February: QCB
Loans to the trading and services sectors were in the overdrive, helping Doha’s commercial banks witness more than 13% year-on-year…
Bahrain’s banking system grows 4.6% in 2019
Bahrain’s banking system’s (retail and wholesale banks) total aggregate balance sheet increased to $204.9 billion by the end of 2019,…
Kuwait’s Wealth Fund on Standby as Oil Price, Virus Hit Finances
Kuwait’s government has discussed the possibility of turning to the sovereign wealth fund for a loan should the oil-price slump…
COVID-19 exit: UAE economy can expect a second-half bounce
The UAE’s stimulus package should start seeing results from the second-half of the year... but until then, the economy will…
ADCB Group Completes Complex Three-Bank Integration to Create Fully Unified, Powerful Banking Group
Abu Dhabi Commercial Bank Group PJSC (ADCB Group) has achieved full integration of Union National Bank (UNB) and Al Hilal…
Coronavirus prompts digital transformation in Gulf countries
The global coronavirus pandemic has prompted a dilemma for organisations on the question of digital transformation. As business activity…
Sharjah Islamic Bank introduces new and upgraded ATMs
Sharjah Islamic Bank recently signed an agreement with CNS Middle East and global company Diebold Nixdorf, to enhance customer experience…
NBK Pioneers in Introducing e-Dividend Services
As part of National Bank of Kuwait’s continued efforts to better serve NBK shareholders and provide them with the most…
QDB launches National Guarantee Program to support private sector
In implementation of the directives of Amir H H Sheikh Tamim bin Hamad Al Thani, to support and provide financial…
Kuwait central bank announces stimulus to support vital sectors, SMEs
Kuwait’s central bank announced a stimulus package on Thursday to support vital sectors and small and medium enterprises amid the…
Moody's has negative outlook on Gulf banking systems
Rating agency Moody's has changed its outlook to "negative" from "stable" on the banking systems of Saudi Arabia, United Arab…