Gulf Bank wins ‘Best Nationalization Initiative in the Private Sector’ award
Gulf Bank was chosen as this year’s recipient of the “Best Nationalization Initiative in the Private Sector” award during a…
Retail Banking
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Dubai Chamber and Emirates NBD to issue blockchain-powered trade finance solutions
Working with smaller order values and volumes, small and medium sized businesses who trade outside the UAE, or those interested…
Burgan Bank posts strong earnings with Q3’19 net income of KD 22.7m
Burgan Bank has announced its Q3 2019 financial results, highlighting strong net income of KD 22.7 million for the third…
UAE: Why bank charges for rejected deferral?
* Bank offered deferral of loan payment since the customer is paying on time * Deferral request has failed as…
TransferWise is expanding in the Middle East with a new Abu Dhabi license
TransferWise, the $3.5 billion financial technology start-up backed by investors including Peter Thiel and Richard Branson, is expanding its money…
London-based $3.5bln TransferWise CEO optimistic on new UAE presence
Global cross-border payments company TransferWise has obtained a license from the regulatory authority of Abu Dhabi to launch its low-cost…
Oman's startup opportunity
The sultanate of Oman is gearing up to turbocharge its entrepreneurship ecosystem. While the Gulf state has not been traditionally…
Global Finance Names NBK “Best Emerging Markets Bank” in 2019
National Bank of Kuwait has been awarded the Best Emerging Markets Bank in the world for 2019 by Global Finance.…
Dubai’s Biggest Bank Plans $1.76 Billion Rights Share Sale
Dubai’s biggest bank is seeking to raise 6.45 billion dirhams ($1.76 billion) from a rights share offering as it expands…
Gulf International Bank appoints group head of wholesale banking
Gulf International Bank announced the appointment of Khaled Abbas, a seasoned banker with more than two decades of experience, as…
ENBD launches rights issue to raise $1.75bn
Emirates NBD said that it proposes to increase its issued share capital by issuing new shares in its share capital…
Commercial Bank warns clients, public about SMS phishing
With more than 90% of all cyberattacks are done through phishing, Commercial Bank has advised its clients and the general…