How GCC neobanks are shaping the next banking revolution
Banking has traditionally been a conservative industry that enjoyed relatively high barriers to entry due to regulations that restrained access…
Retail Banking
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Dubai-based BNPL Tabby raises $200m at $1.5bn valuation
Middle Eastern ‘buy now, pay later’ Tabby has secured $200m in Series D funding ahead of a potential initial public…
Al Fardan Exchange Launches Aani Instant Payment Platform Making ‘UAE Closer to a Cashless Society’
Al Fardan Exchange, the leading financial institution in the UAE, has launched the newly released ‘Aani’ instant payment platform with…
Türkiye may exclude banks from inflation-adjusted accounting, says minister
Türkiye will move to inflation-adjusted accounting, but financial institutions may be excluded from the practice, Finance Minister Mehmet Simsek said…
BankDhofar introduces innovative vertical credit card with enhanced security and rewards
BankDhofar has announced the launch of its new Vertical Credit Cards, designed to meet the customers need. The vertical design…
NBO highlights Systematic Investment Plan as a path to financial success
National Bank of Oman is pleased to highlight its Systematic Investment Plan (SIP), a trusted financial product that has been…
Saudi central bank net foreign assets up $12.8bln in September – data
Saudi central bank net foreign assets rose by $12.8 billion in September from previous month, central bank data showed on…
Saxo Bank announces H1 2023 results
The Saxo Bank Group reported an operating profit of USD 75 million compared to USD 56 million for the same…
Central Bank of Egypt simplifies credit card use abroad amid speculation crackdown
The Central Bank of Egypt announced on Thursday that it has issued new regulatory instructions to make it easier for…
Mastercard becomes Invest Bank’s exclusive partner for card issuance and remittances
Invest Bank, a premier commercial bank in the UAE, has selected Mastercard as its exclusive strategic partner for retail and…
Akbank launches autumn syndicated loan renewals season for Turkish banks at better costs
Akbank, a unit of Turkish conglomerate Sabanci Holding, has obtained a 367-day sustainability-linked syndicated loan in two tranches of $266mn…
Kuwaiti Banks Thrive with Remarkable 46.5% Profit Surge in 2023
Nine local banks reported a significant profit growth of 46.5 percent in the first nine months of 2023, representing an…