Putting customers at the heart of digital change
Digital transformation has long been a strategic goal for Mashreq Bank, and the current situation has only accelerated the momentum.…
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Al Baraka Islamic bank announces financial results for the year ended 31 December 2020
Al Baraka Islamic Bank has reported net profit attributable to the shareholders of BD 1.23 million in the fourth quarter…
Saudi Arabia’s financial regulatory authority refers five suspects to Public Prosecution
Saudi Arabia’s financial regulatory authority said it has referred five suspects to the Public Prosecution accused of engaging in “manipulative…
HSBC appoints new CEO for the Middle East region
HSBC Plc. on Monday announced the appointment of Stephen Moss, the CEO of Middle East North Africa and Turkey region.…
Emirati property investment firm unveils 12-year visa
UAE-based real estate investment company Al Hamra has rolled out its ‘Live & Work’ initiative in the emirate of Ras…
UAE wealth firm unveils female-only adviser division
Advice company Finsbury Associates has launched a division which aims to support and empower women with financial planning. Unity…
QCB planning to launch regulatory sandbox for entities to test fintech solutions
The Qatar Central Bank is planning to launch its regulatory sandbox this year, which offers a safe and controlled space…
National Bank of Bahrain Partners with Backbase to Launch New Digital Banking Platform
NBB’s new digital banking experience taps Backbase’s Engagement Banking platform – a comprehensive suite of pre-built technology solutions allowing institutions…
Saudi Inflation Still Fueled by VAT Hike, Central Bank Says
Saudi inflation is expected to rise during the first quarter compared to the same period the previous year due to…
Kuwait requests ability to withdraw from sovereign wealth fund
Kuwait's cabinet has submitted draft legislation to parliament that would allow the government to withdraw up to 5 billion dinars…
Saudi-based fintech Tweeq signs partnership deals with Mastercard and Paymentology
Tweeq has signed exclusive partnership agreements with Mastercard, the leading technology company in the global payments industry and Paymentology, a…
Two faces of Covid-19 impact
The COVID-19 pandemic is an unprecedented global health crisis. The impact of the pandemic is visible in many realms like…