Blockchain Cross-Border Payments Service Launched By National Bank Of Kuwait
The National Bank of Kuwait (NBK) has rolled out a new blockchain-based service for instantaneous money transfers. The NBK…
Retail Banking
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Largest Bank in Kuwait Integrates with Ripple for blockchain Cross-Border Payments
The National Bank of Kuwait which is the first bank in Kuwait has announced its intention to incorporate RippleNet blockchain…
KIB sells 4 major Kuwait state properties in auction
Kuwait International Bank said it has successfully sold four state properties at a public auction organised by the bank last…
Bank AlJazira wins 2 industry awards
Bank Aljazira gains new awards during the 4th Islamic Retail Banking Awards Ceremony held in Dubai. The two prestigious awards…
Saudi Arabia's biggest lender NCB in merger talks with rival Riyad Bank
National Commercial Bank, the biggest lender by assets in Saudi Arabia, is in preliminary talks to merge with rival Riyad…
Bank Sohar unveils its new brand as Sohar International
As a part of its new vision to become a world-leading Omani service company, Bank Sohar, as it was formerly…
Doha Bank closes QR525mn syndicated term loan facility
Doha Bank has successfully closed a $525mn syndicated senior unsecured term loan facility with a group of leading global and…
Barwa Bank EGM approves proposed merger with IBQ
Barwa Bank’s extraordinary general meeting has approved the proposed merger with International Bank of Qatar (IBQ). The extraordinary meeting…
Invest Bank seeks fresh capital infusion to strengthen balance sheet
Sharjah-based Invest Bank has been hit by high levels of non-performing loans (NPLs), largely from its exposure to cyclical down…
Dubai resident returns to find $1m missing from bank account
A Dubai resident got the shock of his life when he found out that he lost $1 million (Dh3.67 million)…
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…
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.…