National Bank of Fujairah underscores focus on Emiratisation
The National Bank of Fujairah, NBF, has reiterated its support for the development of local talent through its participation in…
Retail Banking
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Saudi private sector credit continues uptrend
Credit to Saudi Arabia’s private sector rose 7.6 per cent year-on-year (y-o-y) in December 2019, which is the highest growth…
Central Bank of Egypt pilots e-KYC solution for financial inclusion
The Central Bank of Egypt has completed the testing phase of a new electronic know-your-customer (KYC) and has launched a…
Commercial Bank posts 21% year-on-year jump in net profit to QR2.02bn
The Commercial Bank Group has reported a 21% year-on-year jump in net profit to QR2.02bn in 2019 and suggested a…
Egypt- World Bank Group, Partners launch new initiative to expand A2F for MSMEs, drive growth, jobs in MENA
The World Bank Group, in partnership with the Netherlands, the United Kingdom, Sweden, and Switzerland is launching a new expanded…
ADIB provides AED 320 million financing for healthcare facility in London and Edinburgh
Abu Dhabi Islamic Bank, ADIB, has provided through ADIB UK a combined AED 320 million (₤66.6 million) Sharia-compliant structured financing…
I2C brings Apple Pay to Najm cardholders in Middle East
I2C Inc.,and together with Najm had introduce Apple Pay to Najm cardholders in the Middle East. Apple Pay is transforming…
M&A: Who’s thinking about the customer?
Mergers and acquisitions seem to be on the agenda in the banking sector globally—but perhaps nowhere more so than in…
Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs
The Board of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing…
Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad
Bahrain’s United Gulf Holding has secured Central Bank of Iraq’s approval to acquire a stake in Bank of Baghdad. …
Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad
Bahrain’s United Gulf Holding as secured Central Bank of Iraq’s approval to acquire a stake in Bank of Baghdad. …
UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit
Saudi Arabia’s National Commercial Bank, saw a 13.2% rise in fourth-quarter net profit, according to Reuters calculations, helped by increased…