Saudi's Petrochem signs $800mln financing deal with Samba, Riyad Bank
Saudi Polymer Company has signed a 3 billion Saudi riyals ($799.3 million) credit facility with Samba Financial Group and Riyad…
Retail Banking
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Central Bank of Bahrain bans freezing of accounts after job loss
The Central Bank of Bahrain has banned retail banks from blocking accounts of customers who have either lost their employment…
Ajman Bank appoints new chief of audit
Ajman Bank has announced the appointment of Mr. Majdi H. Darwish as its new Chief of Audit. Mr. Darwish has…
Saudi bank loans granted to public, private sectors increase 8 percent
Data issued by the Saudi Arabian Monetary Authority showed that, by the end of January 2020, Saudi bank loans granted…
Emirates Islamic enhances digital leadership by launching the first branch with Interactive Teller Machines
Emirates Islamic has announced the launch of its first branch with Interactive Teller Machine at City Centre Mirdif, marking a…
National Bank of Bahrain signs a strategic partnership with StartUp Bahrain to empower the startup ecosystem
The National Bank of Bahrain has signed an agreement to become StartUp Bahrain’s newest strategic partner. The National Bank…
Robust economic growth to support Kuwaiti banks, says Moody's
The outlook for Kuwait's banking system remains stable as robust economic growth will support credit conditions, Moody's Investors Service said.…
Dubai Islamic Bank shareholders approve Noor Bank acquisition
Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant bank, said on Wednesday it had received shareholder approval for the…
Bahrain central bank urges banks to ease debt terms, fees due to coronavirus – circular
Bahrain's central bank on Thursday urged banks and financing companies to consider re-scheduling or granting deferrals on credit installments in…
Saudi Arabia plans $6bn surge in mortgage refinancing
Saudi Arabia’s first mortgage refinancing firm aims to raise its holdings of home-loan portfolios by 10 times this year, as…
Path Solutions, Kuwait-based company launches its digital banking suite
Path Solutions has launched the Path Digital and Path Intelligence platforms to enable banks to provide customers with a consistent…
ACC okays charge sheet against ex-AB Bank chair, 7 others
The Anti-Corruption Commission on Thursday approved a charge sheet against former AB Bank chairman M Wahidul Haque and seven others…