Combating coronavirus: Dubai warns of $10mln loan scheme fraud
The UAE residents and financial services community have been warned against a scam offering $10 million loan to support young…
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Lebanese banks set rate of pounds per dollar for withdrawals from dollar accounts-sources
Lebanese banks have set an exchange rate of 3,000 pounds per dollar for withdrawals from U.S. dollar accounts for this…
QDB selects five competition winners to develop innovative solutions to tackle coronavirus
Qatar Development Bank announced yesterday the names of five teams who won an initiative launched by the bank to develop…
FAB reports Dh2.4b net profit in first quarter 2020
First Abu Dhabi Bank, the UAE’s largest bank reported a net profit of Dh2.4 billion for the first three months…
Reliance on technology increases risk of cyber attacks
The use of technology has increased significantly recently as citizens and residents are staying home to limit the spread of…
QIB adds innovative new features to its Mobile App
Qatar Islamic Bank (QIB) continues creating value for its customers by releasing several new innovative, useful features, on its award-winning…
Bahrain's Al Salam Bank sells $182.5mln US multi-family portfolio
Al Salam Bank-Bahrain has made an early exit from its portfolio of seven multi-family assets in the US for a…
DCG responds to members’ concerns over COVID-19 impact
Dubai Computer Group (DCG) has resolutely worked towards safeguarding the business interest of its members against any detrimental impact faced…
Saudi Arabia’s Public Investment Fund Acquires $500 Million Stake in Live Nation
The Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, recently purchased a large stake in Live Nation Entertainment, the world’s largest…
Saudi banks need to accelerate digital transformation plans amid COVID-19 disruptions
Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain…
First Abu Dhabi Bank's profit hit by impairment charges
First Abu Dhabi Bank FAB.AD, the biggest lender in the United Arab Emirates (UAE), reported a 22% drop in quarterly…
Clients onboard to digital channels: NBD
As businesses respond to the UAE’s #StayHome directives, Emirates NBD’s Corporate Banking division reports that over 70 per cent of…