Qatar Central Bank Issues Loan-Based Crowdfunding Regulation
Qatar Central Bank has issued the Loan-Based Crowdfunding Regulation for the purpose of licensing and regulating loan-based crowdfunding activities and…
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Oman In-Focus — Credit balance sees a 6.8% uptick in August
Oman’s banking sector saw a 6.8 percent year-on-year increase in outstanding credit balances, reaching 30.4 billion Omani rials ($79 billion)…
NBK Garlanded with Four Prestigious Awards at Qorus Banking Innovation Awards 2023
National Bank of Kuwait has received four prestigious awards at Qorus Banking Innovation Awards 2023 held in Dubai to spotlight…
FAB successfully completes pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments
First Abu Dhabi Bank has announced the successful completion of pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border…
Commercial Bank introduces unique and new shariah-compliant fund with Franklin Templeton
Commercial Bank recently organised an exclusive event for its premium banking customers on Tuesday, 19 September 2023 at the Sheraton…
Qatar banking sector total assets rise by 0.3% in August
Qatar banking sector total assets increased 0.3% month-on-month (MoM) (down 1.6% in 2023) in August 2023 to reach QR1.874 trillion.…
Egypt banks set new limits for cash withdrawals, purchases abroad
The Arab African International Bank suspended the use of debit cards outside Egypt, setting new limits on withdrawals and purchases…
Kuwait banks deposit with foreign banks plummet 17.6 pct in 2023
Local banks experienced a significant drop in their deposits with foreign banks during the first eight months of 2023, registering…
Al Salam Bank launches women leadership programme ‘Qaedat’
Al Salam Bank has announced the launch of ‘Qaedat,’ a one-of-a-kind learning and development programme that focuses on empowering the…
Qatar Central Bank credits economic diversification for £2.17 billion surplus in Q2
The bank attributed the surpluses to the “elevated diversification of the Qatari economy,” stating that it met predetermined targets. …
NBB Wins ‘Best Bank for ESG in Bahrain’ for Second Year at Euromoney Awards for Excellence 2023
The National Bank of Bahrain has once again been awarded with the ‘Best Bank for ESG in Bahrain’ award at…
Fitch affirms Commercial Bank’s rating at ‘A-’ with positive outlook
Fitch Ratings has again affirmed Commercial Bank’s unchanged long-term issuer default rating at “A-” with a positive outlook. The…