The Oldest Private Bank In UAE Taps Blockchain To Enhance Client Security
The oldest privately owned bank in UAE, the Mashreq Bank, will utilize blockchain, according to the bank’s Executive VP. By…
Retail Banking
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UAE banks lay off 930 employees, close 49 branches
UAE banks have laid off 930 employees, with local banks closing down 49 branches in the third quarter of 2019.…
QIB introduces suite of Takaful products on mobile App
Qatar Islamic Bank has become the first bank in Qatar to provide Takaful plans for customers on its mobile App,…
AUB attracts national talents at PAM’s career fair
As part of its continuous efforts to attract and support the most qualified national ambitious youth, Ahli United Bank participated…
African Development Bank loans Morocco 204 mln USD for social protection
The African Development Bank said on Feb. 21 that it will loan Morocco 204 million U.S. dollars for the Social…
NBK Offers Largest NFC-capable POS Network in Kuwait
We are committed to introducing the most advanced payment solutions in line with our leadership in the digital banking industry…
RAKBank offers free account transfers to any bank in the Philippines
RAKBank recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal bank in…
ENBD wins ‘Best SME Bank of the Year’ at IFM Awards
Emirates NBD has been named the ‘Best SME Bank of the Year - 2019’at the International Finance Magazine (IFM) Awards.…
Ithmaar Bank reports stable, consistent growth
Ithmaar Bank has announced its financial results for the year ended 31 December 2019. The announcement, by Ithmaar Bank…
Banque du Caire posts 60% rise in net profit in 2019
Banque du Caire reported a 60% year-on-year hike in its net profits after taxes during 2019. The lender’s net…
Commercial Bank of Kuwait incurred loss in Q4
The Commercial Bank of Kuwait (CBK) did not register any profits during fiscal year 2019 when compared to profits of…
Abu Dhabi Islamic Bank to cut jobs as it seeks to save $136m
Abu Dhabi Islamic Bank is reportedly considering axing jobs and closing branches as part of a series of cost-cutting measures…