Banking & Finance

Central Bank of Egypt keeps key policy rates unchanged

The central bank said that the decision reflects the recent developments and outlook at the global and domestic levels

RAKBANK to transform AI applications in banking operations supported by Microsoft

RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations...

National Bank of Fujairah launches NBF EDGE, a first-of-its-kind account opening platform

The National Bank of Fujairah (NBF) announces the launch of NBF EDGE, a first-of-its-kind digital bank account opening platform designed to streamline and automate...

Ajman Bank launches AccelRight Business Credit Card in partnership with Visa

Ajman Bank has announced the launch of Ajman Bank AccelRight Business Credit Card in collaboration with Visa. The Memorandum of Understanding between Ajman Bank...

QNB Group’s half-year profit jumps 7% to $2.2 billion

Operating income grew by 9% to reach $5.5 billion, reflecting QNB’s ability to maintain growth across diverse revenue sources

CIB launches Egypt’s first private Mastercard Metal World Elite credit card

The exclusive card, available by invitation only, is designed for the bank’s high-net-worth clients within the private segment

Standard Chartered finances Abu Dhabi’s first waste-to-energy plant

The bank acted as the sole senior debt underwriter from the pre-bid stage and successfully syndicated the financing post-award, attracting both local and international banks

Network International and Mastercard partner to transform UAE’s commercial payments landscape

Network International  has announced the introduction of new Business Payment Solutions for businesses, corporations, and travel industry companies in the UAE. Launched in partnership with...

SAMA regulations enhance Saudi Islamic banks’ Sharia governance, Fitch says

The regulations issued cover profit-sharing investment accounts and aim to enhance Sharia compliance

Commercial Bank of Kuwait completes KWD 100 million tier 2 bond program

The bank will use the proceeds to increase tier 2 capital, enhancing its capital adequacy ratio in compliance with the Basel III framework

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