Noor Bank and UB QFPay Release Innovative Mobile Wallet Acceptance Solution in UAE
Noor Bank, a leading Shari’a compliant Bank in the UAE, announced today that it has collaborated with UB QFPay, the…
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Banks Are Taking Note As Fintech Spikes Customers’ Interest
Ghassan Jumblat is only too aware of why it is critical for banks to transform digitally. “Technology is very important…
Deyaar revenues in 75% surge to Dh751.6m
Dubai-based developer Deyaar recorded a strong 75 per cent gain in revenues to total Dh751.6 million last year, against the…
Dubai Islamic Bank net profit up 11% on core business growth
Dubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday recorded 11 per cent growth in net profit…
BDB Chief Executive Officer resigns
Bahrain Development Bank Chief Executive Officer Sattam Sulaiman Algosaibi has resigned from his post. The BDB Board of Directors paid…
Saudi Arabia pumps $2 billion into Yemen’s central bank
Saudi Arabia will deposit $2 billion into Yemen's central bank in an effort to help the war-torn through an ongoing…
GCC needs $131bln in power investment over next five years
The GCC requires $131 billion in combined investment for electricity generation, transmission and distribution over the next five years to…
Qatar market dragged down by No. 2 bank
Gulf stock markets were mixed on Wednesday with Masraf Al Rayan, Qatar’s second-largest bank by market value, pulling the Qatari…
JPMorgan Suggests Investors Pivot to Distressed Credit
It’s time for institutional investors to prepare for an economic downturn in private debt, according to JPMorgan Chase & Co.’s…
Emirates NBD hires StanChart for potential Formosa bond- sources
Emirates NBD , Dubai's largest bank, has appointed Standard Chartered and other banks to lead a potential Formosa bond issue,…
Mashreq Bank boosts wealth management products as demand for investment rises
Mashreq Bank's head of wealth management Ishrat Kiyani said the Dubai-based lender is beefing up its mutual fund range and…
Momentum Pensions Group expands Middle East adviser support team
Momentum Pensions Group has added a new business development manager in Middle East, as it looks expand its adviser interaction,…