Bahrain's Esterad Investment issues LoI to acquire Venture Capital Bank
Bahrain’s Esterad Investment has issued a non-binding Letter of Intent (LoI) to acquire up to 100 percent of the share…
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Global open banking market set to hit $43.15bn by 2026
The global open banking market is projected to reach $43.15 billion by 2026, up from $7.3 billion in 2018, according…
2022 outlook: Middle East customers will go more digital in brand engagement
Consumers in the Middle East are more likely to engage with companies using digital channels in 2022, with 67 percent…
UAE’s Mubadala, Bpifrance commit extra $4.5bn to co-investment partnership
Abu Dhabi-based Mubadala has agreed to expand a co-investment partnership with BpiFrance, the French public investment bank, with an extra…
Oman's Al Madina Investment board approves merger
Oman’s Al Madina Investment has obtained the board’s approval to merge the firm by inclusion with Shaden Development Company, according…
GCC banking sector net profits show increase
GCC banking sector net profits showed a q-o-q increase almost equivalent to the decline in loan loss provision (LLP) during…
Qatar – Online transactions surge over 90 percent in Commercial Bank
The digital transformation drive by the Commercial Bank has become a huge success. More than 90 percent of Commercial Bank's…
LGT Poaches Middle East Expert From Amundi
The investment arm of the Liechtenstein bank is hiring a Middle East expert to drive its business in the region. …
Qatar completes first merger of two publicly listed banking giants; Masraf Al Rayan has QR182b in assets
Qatar’s banking sector has completed the first merger of two of its publicly listed entities. With the legal process…
Global hires drive change at Mashreq Bank
When Abdul Aziz Al Ghurair asked Ahmed Abdelaal take the reins as chief executive of Dubai-based Mashreq Bank in October…
Batelco reveals 'BEYON Money' the company's new financial services brand
Batelco took a major step forward has introduced its new BEYON Money brand, in line with its strategy to move…
Turkish banks will support new low-rates economic model, association head says
Turkish banks will support a "new economic model" based on low interest rates championed by President Tayyip Erdogan, Turkish Banks…