Kuwait banks brace for profit, liquidity bounceback
Kuwait banks are at an inflexion point, after years of underperformance, relative to their GCC peers and some green shoots…
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FAB Surrenders its License to Market Non-Omani Securities in the Sultanate
First Abu Dhabi Bank has received approval from Oman’s Capital Market Authority on its request to surrender its license to…
Saudi Property Market Among World’s Worst Performing
Property prices in Saudi Arabia are among the worst performing in the world, according to a new global study. …
Bank Muscat and Newgen Software Receive The Asian Banker Financial Technology Innovation Awards, 2018
Bank Muscat, the flagship financial services provider in the Sultanate of Oman, and Newgen Software have been awarded the Best…
Path Solutions achieves eight consecutive GoodAccreditation Standard
Path Solutions is proud to announce that its Islamic core banking platform, iMAL has received the GoodAccreditation standard for the…
Abraaj audit finds funds mingled corporate and investor cash
Abraaj dipped into investor funds because of cash shortages at the group, but there is no evidence of embezzlement, a…
Bahrain fintech firm PIE wins Mastercard licence
Payment International Enterprise, one of the largest fintech companies in Bahrain, has announced that it has become a principal licensee…
Doha Bank to bring more Qatari investments to Sri Lanka
Positive prospects abound for Qatar and Sri Lanka to strengthen bilateral relationships and to explore investment opportunities in sectors such…
Qatar's Commercial Bank ends UAB stake sale talks with Tabarak
Qatar’s Commercial Bank (CBQ) said on Sunday it has ended talks with United Arab Emirates-based Tabarak Investment to buy its…
World Union of Arab Bankers Awards 'Samba' Arab Bank of the Year
World Union of Arab Bankers has named Samba Financial Group for Arab Bank of the Year Award 2018 in recognition…
Atlas Jewellery owner let off after 3 years in Dubai jail
NRK industrialist and owner of a transnational jewellery network, Atlas Ramachandran, 75, who has been in a Dubai jail for…
Islamic Bank of Afghanistan signs MoU with DMCC
The collaboration will enable the Islamic Bank of Afghanistan to carry out Shari'ah-compliant Murabahah transactions using Dubai Multi Commodities Centre’s …