Dubai-backed fintech company Numbrs reaches $1bn valuation
Numbrs Personal Finance AG, a Zurich-based financial technology (fintech) company, backed by the sovereign wealth fund Investment Corporation of Dubai…
Retail Banking
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The group’s current investments stood at nearly $18bln at the end of June 2019
Bahrain -Al Baraka Banking Group, listed on Nasdaq Dubai and the Bahrain Bourse, seeks to enter new markets in line…
Kuwait Airways to spend about $2.5 billion on 28 new aircraft
Kuwaiti national carrier will spend around $2.5 billion on the purchase of 28 new aircraft up to 2026. The…
QIMC signs agreement with Doha Bank to finance QR230m project
Qatar Industrial Manufacturing Company has signed an agreement with Doha Bank to finance its project, The Gulf Glass Factory, for…
BisB Wins Global Business Outlook’s ‘Most Innovative Digital Transformation Initiative’ for the Year 2019
Bahrain Islamic Bank has emerged as the winner of the prestigious ‘Most Innovative Digital Transformation Initiative’ for the year 2019…
Bank Muscat Money Market Fund records highest industry annualised return
Bank Muscat’s Money Market Fund recorded the highest industry annualised return of 3.27 per cent in June 2019, higher than…
Emirates NBD's Smart Pass locks out users without smart devices
Emirates NBD now requires its customers to use Smart Pass, a device-specific security measure that generates a new token every…
Ithmaar Bank upgrading systems to further boost customer experience
The announcement follows the formal appointment of one of the world's leading banking solutions experts to help implement a Customer…
Good old bank deposits add to abundant liquidity in Middle East
Citibank’s clients are ploughing back cash in good old bank deposits amid volatile market conditions even as real estate sector…
Empower facilitates bill payment through ADCB mobile app
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that it has enabled bill payment…
Al Hilal Bank appoints new CEO
Al Hilal Bank’s Board of Directors has appointed Abdul Shakeel Aidaroos as the Bank’s new Chief Executive Officer. Abdul Shakeel…
UAE banks asked to treat males, females equally while giving loans
The UAE Central Bank has asked banks and financial institutions in the country to treat male and female customers equally…