Retail Banking

Retail Banking

UAE’s myZoi launches financially inclusive digital wallet with “one-to-many” transfer capabilities

July 23, 2024

UAE-based fintech start-up myZoi has launched a financial inclusion-focused digital wallet complete with “one-to-many” transfer capabilities.   Complementing the fintech’s…

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Retail Banking

RAKBANK issues first ever public Social Bond in the GCC

July 23, 2024

RAKBANK is pleased to announce the successful issuance of its 5-year Euro Medium-Term Note (EMTN) Bond under its Social Finance…

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Property & Real Estate

Egypt: Banks, financing companies inject $1.45bln into low-income housing initiative by June 2024

July 23, 2024

The Social Housing and Mortgage Finance Fund recently disclosed that banks and companies participating in the low-income housing finance initiative…

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Retail Banking

Ajman Bank sets highest record in its history for the first half of 2024

July 19, 2024

Net profit of AED 233 Million before Tax up by 127% (Net profit AED 216 Million after Tax) His Highness…

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Retail Banking

QNB commences distribution of interim cash dividends

July 19, 2024

The Board of Directors of QNB Group, the largest financial institution in the Middle East and Africa, decided on 8…

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Retail Banking

Mashreq bags Open Banking Initiative of the Year – UAE at ABF Retail Banking Awards 2024 for its innovative Global Non-Resident Platform

July 18, 2024

Mashreq secured the Open Banking Initiative of the Year - UAE win at the prestigious ABF Retail Banking Awards 2024…

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Retail Banking

Khaleeji Bank launches “Ajyal” account for minors below the age of 21

July 17, 2024

Khaleeji Bank has recently announced the launch of the “Ajyal” Account, an innovative savings solution designed specifically for minors aged…

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Retail Banking

Dukhan Bank reports a net profit of QAR 784mln for the six-month period ended 30 June 2024

July 16, 2024

Strong profitability driven by a persistent year-on-year growth in total income of 15% Group’s total assets reached QAR 114.2 billion…

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Retail Banking

BankDhofar continues its support to Small and Medium Enterprises aligning with Oman Vision 2040

July 16, 2024

BankDhofar in alignment with Oman Vision 2040 is taking substantial steps to support the Small and Medium Enterprises sector. The…

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Retail Banking

Commercial banks’ assets surge by 5.1% in May 2024

July 12, 2024

Qatar’s banking sector has been characterised by continuous growth and stability which has consolidated its position as a major player…

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FinTech

QNB & NPCI International partner to launch UPI Payments in Qatar

July 12, 2024

QNB has partnered with NPCI International Payments Limited  to enable QR code-based Unified Payments Interface payments across Qatar.   This…

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Property & Real Estate

Banks expanding financing options for off-plan projects in Dubai

July 12, 2024

In a significant development for the real estate sector in Dubai, banks are increasingly implementing financing options for off-plan property…

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