Moody's upgrades ratings of three Bahraini retail banks
Moody's Investors Service has affirmed the long-term deposit and issuer ratings of four retail banks it rates in Bahrain, as…
Retail Banking
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NBO wins prestigious CITI Straight Through Processing Excellence Award
The National Bank of Oman (NBO) has won the prestigious the 2017 “Straight Through Processing” (STP) excellence award from Citi.…
SABB ‘Best Cash Manager Bank in Saudi Arabia’ anew
THE Saudi British Bank (SABB) has been named “Best Cash Manager Bank in Saudi Arabia” in the Euromoney Cash Management…
Emirates NBD and Emirates Skywards define new standards for loyalty in UAE
Earn up to 5 Skywards Miles for every US Dollar equivalent of spend, the highest in the market Emirates NBD…
Egypt’s Commercial International Bank launches CVentures, a CVC to invest in FinTech startups in Middle East & Africa
Commercial International Bank, the biggest private bank of Egypt, that is commonly known as CIB, has announced the establishment of…
Doha Bank marks National Day with festivities
Doha Bank, one of the largest private commercial banks in Qatar, marked Qatar National Day 2018 with several traditional activities…
Dubai's biggest bank first to support Fitbit Pay, Garmin Pay
Emirates NBD on Wednesday announced its support of Fitbit Pay and Garmin Pay, making it the first bank in the…
Iraqi trade bank reportedly intends to acquire a Turkish lender
The state-run Trade Bank of Iraq announced its will to acquire a bank in Turkey, stating that the acquisition would…
Turkish lender, African bank sign $1B agreement
Turkey's private-lender Aktif Bank and African Export-Import Bank (Afreximbank) signed a $1 billion agreement, the Turkish bank announced on Monday.…
Sharjah government to take stake in struggling Invest Bank
The government of the United Arab Emirate of Sharjah will take a majority stake in struggling Invest Bank, the lender…
Trade Bank of Iraq looking to acquire a Turkish lender
State-owned Trade Bank of Iraq, which has about $20 billion (Dh73.46bn) in assets and focuses on trade finance, is looking…
UAE Central Bank to support Invest Bank with 'all available liquidity facilities'
The UAE’s Central Bank (CBUAE) has pledged its support for the embattled Sharjah-based Invest Bank with “all available liquidity facilities”…