Turkiye Finans CEO quits
The CEO of Turkiye Finans -- the largest Islamic finance institution in Turkey -- has resigned, the bank said in…
Retail Banking
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QIIB announces official launch of its mobile banking service
International Islamic (QIIB) yesterday announced the official launch of its mobile banking service. It features many innovative services and…
Founding member Awni Al Alami retires after 40 years at UAB
Paul Trowbridge, CEO of UAB, said: “On behalf of everyone at UAB, I would like to thank Mr Al Alami…
Corruption Allegations at Turkish Islamic Bank – CEO Resigns
Following allegations of corruption published on a Turkish finance website, Derya Gürerk, the CEO of Türkiye Finans Participation Bank, resigned…
Clifford Chance advising Citi on the sale of its consumer banking business in Egypt
Clifford Chance is advising Citi on the sale of its consumer banking business in Egypt. Citi entered into an…
HSBC reportedly looking to sell Turkish ops to Bahraini lender
HSBC is reportedly in talks to sell its Turkish operations to Bahrain’s Arab Banking Corporation as it accelerates a restructuring…
Abu Dhabi showcases smart services and apps
Abu Dhabi’s Department of Finance showcased its new customs inspection app for tablets, which will soon be implemented by the…
Riyals take wings: With $44bn remittances, KSA leads Gulf states
Foreigners working in the Gulf states sent home more than $100 billion in remittances last year, an economic report showed…
Experts see positive outlook for Saudi banks
After several years of stabilizing asset quality,declining credit losses, and improving returns,banks in the Gulf are navigating rougher waters,Standard &…
United Finance hires KPMG as financial advisor
Oman's United Finance has hired KPMG to provide financial advisory services for proposed acquisitions of the company by National Bank…
HSBC restructuring: Massive worker cull may spill over in Middle East operations
HSBC on Tuesday said it would reduce its head count by up to 50,000 as part of a global overhaul,…
Emirates NBD launches leisure and entertainment programme for cardholders
Under the programme, Emirates NBD has partnered with the UAE's popular entertainment and leisure destinations including Wild Wadi, Dubai Dolphinarium,Sharjah…