Egypt’s banking sector sees 27% growth in deposits and credit facilities
Egypt’s banking sector recorded a 26.9 percent rise in total deposits in the 2023/2024 fiscal year compared to the previous…
Retail Banking
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CIB Successfully Closes EGP 7Bn Sukuk Issuance For Tasaheel
The Commercial International bank has successfully completed an EGP 7bn non-sovereign Sukuk issuance for“Tasaheel” for Finance, through Alkan Securities. It…
Weyay Bank opens the doors to digital financing: Fully digital loans for the first time in Kuwait
In a new step that is the first of its kind towards enhancing digital financing in the banking sector, Weyay…
HSBC to sell Bahrain retail banking operations as restructuring progresses
HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid…
Emirates NBD to issue $1bln AT1 capital securities priced at 6.25%
Emirates NBD is to issue $1 billion AT1 capital securities priced at 6.25% on Euronext Dublin and Nasdaq Dubai next…
NBO launches graduate program to empower future leaders in Oman’s banking sector
The initiative offers young Omanis an unparalleled opportunity to embark on a discovery journey in the financial services sector, equipping…
Checkout.com Becomes the First Acquirer in the UAE to Launch Visa Direct Push-to-Card Solution
Checkout.com, a leading global digital payments company, is advancing its collaboration with Visa to launch Visa Direct’s Push-to-Card solution for…
BankDhofar elevates government financial management with Treasury Single Account integration
BankDhofar has continued to lead in financial innovation by leveraging cutting-edge technology to enhance customer experience, empower businesses, and streamline…
Suez Canal Bank aims to become key player in Egypt’s financial, banking sector: CEO & managing director
Akef El Maghraby, CEO & managing director of Suez Canal Bank, has highlighted the bank’s recent progress and ongoing transformation,…
Ant International opens first Middle East office in Saudi
Ant International, a digital payment and financial technology provider based in Singapore, has opened its first office in the Middle…
KIB Group achieved profit of $75mln for the year 2024
The Chairman of Kuwait International Bank , Sheikh Mohammed Jarrah Al-Sabah, announced the Bank’s financial results for the year ended…
Foreign asset surplus in Egypt’s banking sector reaches $5.2bln in 2024
The Central Bank of Egypt reported that the net foreign assets of the Egyptian banking sector recorded a surplus of…