Qatar commercial banks’ assets jump 9% in 2019
A robust double-digit growth in domestic assets, especially owing to strong private sector credit, helped Doha's commercial banks’ total asset…
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FAB confirms acquisition talks with Bank Audi-Egypt
First Abu Dhabi Bank confirmed on Thursday that it is in exclusive discussions with Bank Audi to acquire its fully-owned…
RAKBANK launches full product suite of Corporate Payment Solutions in partnership with Mastercard
Corporate Payment Solutions to enable and drive controls, security, efficiency and savings for medium and large corporations RAKBANK, a leading…
MoneyGram taps Suez Canal Bank for remittances in Egypt
MoneyGram International has collaborated with Suez Canal Bank to facilitate remittances directly into the bank accounts of recipients in Egypt.…
Egyptian FRA approves CIB’s capital hike
Egypt’s Financial Regulatory Authority (FRA) has approved Commercial International Bank’s (CIB) capital increase, according to a bourse statement released on…
Bank ABC Named Best Trade Finance Provider in Bahrain by Global Finance Magazine
Bank ABC has won the Best Trade Finance Provider in Bahrain award for the year 2020 by the New York…
Alizz-OAB merger to provide customers with better services
The upcoming proposed merger between Alizz Islamic Bank and Oman Arab Bank will provide customers with better services and more…
Dubai Islamic Bank completes the acquisition of Noor Bank
Dubai Islamic Bank has completed the acquisition of Noor Bank through a share swap deal. As part of the agreement,…
Qatar- Banks' assets and liabilities jump to QR1,549.6bn
Bashir Al Kahlout (Economic Consultant and Director at Al Byraq Center for Economic and Financial Studies) QCB data released…
Samsung Pay Expands in the UAE With New Bank Partnerships
Samsung is further enhancing UAE customers’ mobile payment experience by collaborating with First Abu Dhabi Bank and Abu Dhabi Islamic…
Beirut reference rate lowered to 5.75% for dollars – banking association
Lebanon's banking association said on Wednesday that the Beirut Reference Rate was reduced to 5.75% for U.S. dollars and to…
NBK reports 2019 net profit of KD 401.3
NBK reports 2019 net profit of KD 401.3 million, increasing 8.2% Y-o-Y - Total assets at KD 29.3 billion…