Turkish participation banks' profit soars 36 pct in first half
Participation banks achieved a profit of TL 769 million (around $223.29 million) in the first half of this year with…
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Kuwait real estate boosted by residential sales in July
The real estate sector continued to appear stable with activity improving in July despite the summer season, the latest National…
Criminal Probe of Former Bank Execs Worries Other Israeli Bankers
As former executives at Bank Leumi face criminal investigation over the bank’s alleged involvement in helping customers of its U.S.…
Banque Misr, Egypt Post, Visa sign to co-ordinate in digital financial services
Egypt Post, Banque Misr, and Visa signed a tripartite partnership to regulate digital financial services, expand their customer base, and…
Large UAE banks post solid Q2 profitability as interest income rises
Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months, underpinned by solid…
Bahrain welcomes first 2 entrants into regulatory sandbox
The Central Bank of Bahrain has announced two entrants into its regulatory sandbox. Tramonex, a London-based forex cash management…
Swiss private bank hands to investigators documents related to UAE ambassador linked to 1MDB and Jho Low
Swiss private bank Lombard Odier has handed over to investigators about 900 pages of documents related to Yousef Al Otaiba,…
Europe accounts for 37% of Qatari banks’ cross border funded liabilities, says QCB
Qatar’s banking sector “depends heavily” on Europe on the liability side, as the region accounts for 37% of the cross…
Blockchain hub launched in Israel
The Singulariteam Technology Group, together with CoinTree Capital, and BlockchainIL are launching Alignment, a blockchain Hub that will consult, develop…
Middle East startup investment nears $1bln in 2017
Twenty entrepreneurs were selected to receive access to fundraising, resources, and mentorship at the first ChangemakerXchange Summit. The event…
UAE gives $10 million for Kazakhstan project
The world will today, Aug.29, witness the opening of a US$150m International Nuclear Fuel Bank, a non-military purpose facility hosted…
Delio Selected as Only UK Fintech to Join Dubai Financial Services Accelerator
Welsh fintech firm Delio has been the only UK firm selected to join a first-of-its-kind accelerator programme in Dubai. …