First Abu Dhabi Bank suspends some services amid coronavirus outbreak
First Abu Dhabi Bank has suspended some banking services at its branches across the UAE – including cash deposits –…
Retail Banking
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UAE Central Bank cuts interest rates to stem coronavirus impact
The UAE Central Bank cut its interest rates on Monday as part of an emergency response to cushion the economic…
Ithmaar Bank encourages customers to bank online, help contain the Coronavirus (COVID-19) virus
thmaar Bank yesterday (ed note: 15/03/2020) encouraged its customers to bank online so as to help contain the Coronavirus (COVID-19)…
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales were plummeting,…
SAMA unveils SR50bn economic stimulus package to offset coronavirus impacts
The Saudi Arabian Monetary Authority unveiled an SR50 billion economic stimulus package to support the private sector, especially the small…
Doha Bank receives ‘Best Partner Bank’ award from QDB
Doha Bank has received the ‘Best Partner Bank’ award from Qatar Development Bank for supporting small and medium-sized enterprises under…
Standard Chartered UAE allows staff to work from home
Standard Chartered Bank will allow its UAE workforce to operate remotely after getting the necessary approvals from line managers. …
Saudi shift toward cashless society paying e-dividends
One of the main objectives of the Financial Sector Development Program is to reduce the amount of cash being used…
Ahli Bank inaugurates new branch at Mall of Muscat
Leading financial institution Ahli Bank has opened a new branch at the Mall of Muscat in Mabellah to cater to…
Tandem Bank 'Rraises £60M'
Tandem Bank has reportedly secured £60m funding. The London-based challenger has also acquired a lender which helps consumers buy…
Mashreq appoints Ellis Wang as Group Head of Technology, Transformation and Information
Mashreq has appointed Ellis Wang as its new Senior Executive Vice President, Group Head of Technology, Transformation and Information. …
Commercial Bank of Dubai okays up to 40% ownership for non-UAE nationals
Commercial Bank of Dubai’s shareholders have approved the opening of up to 40 percent of the bank’s capital to non-UAE…