Faisal Islamic Bank Egypt reports 30.3% growth in 2021 standalone profit
Faisal Islamic Bank of Egypt (FAIT) reported a 30.3% year-on-year increase in standalone net profit for the year ended December…
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Personal web and mobile experience key to Mideast banks’, fintechs’ customer retention
The Middle East’s financial institutions are drawing up massive plans to engage and retain customers, by leveraging innovation-based digital approaches.…
Sequoia Capital India makes Gulf debut with $33 million investment in Saudi fintech Lean Technologies
Saudi fintech start-up Lean Technologies has won a $33 million Series A round funding injection from Sequoia Capital India, marking…
HSBC names new trade product and propositions head for Mena and Turkey
HSBC has appointed Syed Imtiaz Hussain as regional head of product and propositions, global trade and receivables finance (GTRF), for…
'Malicious': War of Words Breaks Out Between Big Law and Offshore Firms In $100M Kuwait-Cayman Case
An increasingly vitriolic war of words has broken out between the lawyers of a private equity fund and those acting…
Turkey May Spend $3.8 Billion to Boost State Banks’ Capital
Turkey plans to inject 51.5 billion liras ($3.8 billion) into state banks to ensure they keep lending to businesses after…
Credit Suisse hires Berenberg analyst to lead EMEA healthcare investment banking -memo
Credit Suisse has hired a senior Berenberg analyst to lead its healthcare investment banking franchise in EMEA in a bid…
Saudi FinTech start-up Lean raises $33m to expand its operations
Saudi Arabian FinTech Lean Technologies has raised $33 million in its latest funding round that will allow the company to…
Bank ABC Wins Big
Bank ABC, MENA’s leading international Bank, has won Global Finance’s World’s Best Treasury & Cash Management Banks 2022 Award for…
KPMG Report: One size no longer 'fits all' as cities focus on health, well-being
Highlights Cities are now at a historic inflection point as health, sustainability and community well-being gain WEF Framework Future of…
Fitch Ratings has upgraded SEC's long-term IDR
A full list of ratings is provided below. The upgrade is driven by an upward revision of SEC's Standalone…
Global digital lending platform TSLC announces 2 key senior appointments
The Social Loan Company (TSLC), which has developed a unique Artificial Intelligence (AI), Machine-Learning-powered credit enablement platform, announced today the…