The biggest reward programme in Bahrain to offer prizes worth $10.6 million, including three grand prizes of $2.65 million each
banking services
Latest in banking services
banking services
Oman mandates IBAN for domestic transfers from July 2025
The move follows the Oman Central Bank’s implementation of the IBAN system for international transfers from March 31, 2024
banking industry
CBI records 30% annual growth as profit hits $60.65 million
Transformation journey pays dividends as Dubai bank revenue soars to 29% to 191.4 million and assets grow to $5.7 billion
banking services
Egypt Central Bank to list United Bank stake on stock exchange by Q1 2025
Completion of the Offering is expected to take place before the end of the first quarter of 2025
banking services
Dubai Islamic Bank offers compensation to affected customers
Company says the new system has ‘stabilised’; Customers to be offered ‘Walaa Rewards’ and reversal of charges
banking services
Dubai Islamic Bank resolves major issues after transitioning services to new platform, customers to receive delayed salaries
The bank has recently migrated certain functions to ‘The Temenos Banking Cloud’ platform to enhance the quality of services provided
banking services
Beyond ONE launches FRiENDi Pay in Saudi Arabia
With a significant expatriate population in Saudi Arabia, FRiENDi Pay aims to bring convenience, transparency, and peace of mind to its customers
banking
Dubai Islamic Bank reports 15% rise in its net profit to AED3.11bn in H1, 2023
The bank said the improvement in its performance was driven by rising core revenues, controlled impairments and effective cost management
banking services
Qashio teams up with Facephi to bring cutting-edge identity verification solutions to Saudi Arabia and UAE
The tie-up will enable Qashio’s customers to use biometric technology by the Spain-based company
Bank of America Corp
Bank of America reports over $15bn in new deposits within days after SVB collapse
Other banks like JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. also raked in billions in new deposits
Bank of London and the Middle East
Digital Islamic bank Nomo launches multi-currency accounts for GCC customers
New currency accounts are linked to the Nomo debit card and Apple Pay, which can be used globally with no international card fees, the bank said
banking business
Emirates NBD reportedly in race to buy majority stake in India’s IDBI Bank
The Dubai-based bank has submitted its expression of interest as the Government of India and LIC prepare to sell 60 percent stake
banking
Goldman Sachs shifts bankers to Dubai amid race for 4,000 new millionaires’ wealth
Goldman Sachs increases headcount in Dubai with senior banker positions
banking business
Dubai Islamic Bank, Al Ramz Corporation strikes strategic partnership for capital market services
Under the partnership, DIB will provide brokerage and related services to its clients through Al Ramz Capital, a subsidiary of the Al Ramz Corporation
banking business
UAE’s Emirates NBD opens two new branches in India in Delhi, Chennai
The move is part of the Dubai-based lender’s efforts to expand its global operations following CEPA
banking business
Emirates NBD reports profit rise of 25% to AED9.1 billion
The company reported the profit jump for the first nine months of 2022