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Banking
95 Results-
Saudi Arabia deposits $5 billion in Egypt’s central bank: Report
Saudi Arabia has deposited $5 billion in Egypt’s central bank, the official Saudi ...
Gulf -
Lebanese MPs once again fail to adopt capital controls
Lebanon’s long-delayed draft capital control law was facing further hold ups on ...
Middle East -
South Korea appoints IMF official as new central bank chief
South Korea on Wednesday nominated veteran International Monetary Fund official ...
World News -
Egypt state banks setting up $85 mln fintech innovation fund to boost sector
Egypt’s three biggest state-owned banks are setting up an $85 million financial ...
Banking & Finance -
Saudi central bank announces one-year extension of SME financing program
Saudi Central Bank announced the extension of its guaranteed financing program for ...
Gulf -
National Bank of Pakistan fined $55 mln by US regulators
National Bank of Pakistan (NBP) said on Friday it had reached an agreement with US ...
Banking & Finance -
Contracts show Lebanon’s central bank obscured recipients of commissions
For more than a decade, Lebanon’s central bank charged commercial banks in the ...
Middle East -
Israeli cyber security firm ThetaRay seals first Emirati contract with Mashreqbank
Israel technology firm ThetaRay will license a financial crime detection tool that ...
Banking & Finance -
First Abu Dhabi bank in talks to buy EFG Hermes: Sources
First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypt’s ...
Banking & Finance -
Crypto, digital payments among top 2022 trends for GCC financial services sector
Global management consultancy Oliver Wyman predicts that some of the top trends ...
Banking & Finance -
UAE issues new 50 dirham note to commemorate Golden Jubilee
The United Arab Emirates has introduced its first polymer banknote to commemorate ...
Gulf -
Afghanistan banking system at risk of collapse, cost could be ‘colossal:’ UN report
The United Nations on Monday pushed for urgent action to prop up Afghanistan's ...
World News -
UAE banking official says banks’ assets to grow 8 percent in 2022
Emirati banks’ assets are expected to grow 8 percent in 2022, Al Arabiya cited the ...
Economy -
Citi launches tech hub in Bahrain to develop its digital platforms
Citi launched on Monday a global technology hub at its Bahrain offices, the first ...
Business -
UAE’s First Abu Dhabi Bank posts 19 pct jump in Q2 net profit
First Abu Dhabi Bank, the United Arab Emirates’ biggest lender, posted on ...
Banking & Finance
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Qatar’s Commercial Bank to withdraw offer to raise stake in National Bank of Oman
Qatar’s Commercial Bank on Sunday said it is to withdraw an offer to acquire more ...
Banking & Finance -
Qatar National Bank’s half-year net profit up 6 percent as loans expand
Qatar National Bank (QNB), the Gulf’s biggest lender, posted a 6 percent increase ...
Banking & Finance -
Qatar’s Ahli Bank seeks up to $500 million via bonds
Qatar’s Ahli Bank is seeking to raise up to $500 million via an issuance of ...
Economy -
HSBC commits $5 bln in corporate lending to help UAE growth
HSBC said on Sunday it is committing $5 billion in lending to “strong” companies ...
Economy -
Iran removes central bank head who is running for president
Iran’s President Hassan Rouhani has dismissed the central bank governor, ...
Middle East -
‘Buy now, pay later’ players tackle GCC’s credit conundrum
Financial technology start-ups in Saudi Arabia and the United Arab Emirates ...
Banking & Finance -
Bail-in for Lebanese bank depositors ‘highly likely’: S&P Global
Lebanese bank depositors are likely to face a financial hit in order for the ...
Middle East -
Egypt’s EFG Hermes to acquire control of state-owned Arab Investment Bank
EFG Hermes Holding, Egypt’s biggest investment bank, will acquire 51 percent of ...
Business -
UAE’s biggest bank FAB posts three percent rise in Q1 profit as impairments fall
First Abu Dhabi Bank, UAE’s biggest lender, posted a 3 percent rise in ...
Business
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Saudi central bank licenses two more fintech companies to provide payment services
The Saudi Central Bank said on Tuesday it has granted licenses to two more ...
Technology -
Lebanon central bank will intervene in order to control the exchange rate: Presidency
Lebanon’s central bank will allow banks to conduct currency transactions similar ...
Economy -
Lebanon banking commission to assess if lenders met targets set last year: Governor
Lebanon’s central bank governor said on Monday the Banking Control Commission ...
Middle East
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National Bank of Kuwait hires banks for dollar AT1 bonds issuance: Document
The National Bank of Kuwait has hired a group of banks to arrange investor calls ...
Financial Markets -
Fitch lowers outlook on 11 Kuwaiti banks to negative from stable
Ratings agency Fitch on Thursday revised its outlook on 11 Kuwaiti banks to ...
Economy -
Dubai’s Emirates NBD sells $750 mln bonds
Dubai’s biggest bank, Emirates NBD, sold five-year bonds worth $750 million on ...
News -
Jordan’s Capital Bank agrees to buy assets from Lebanon’s Bank Audi
Jordan’s Capital Bank Group finalized a deal on Tuesday to acquire Lebanese lender ...
Economy