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Singapore Gulf Bank and Standard Chartered partner to enhance cross-border clearing and settlement flows

MEA Finance -
Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, announced a strategic banking relationship with Standard Chartered. The collaboration...
Digital Payments

Bahrain’s Beyon Money secures new licenses from Central Bank of UAE

MEA Finance -
The two licenses will enable Beyon Money to offer its customers in the UAE a wider range of financial solutions
Banking & Finance

Bahrain’s GFH Financial Group posts $60.75 million in H1 2024

MEA Finance -
Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase
Banking & Finance

Gulf International Bank posts $41 million in Q2 2024

MEA Finance -
The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023
Banking & Finance

Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million

MEA Finance -
The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region
Banking & Finance

Bahrain’s GFH Financial Group posts 13.03% jump in Q1 profit

MEA Finance -
Earnings per share for the quarter was $0.77 compared with $0.72 in the first quarter of 2023
Banking & Finance

BENEFIT records $77.1 billion in electronic transactions in 2023

MEA Finance -
All Fawri+ transactions reached a volume of nearly 335 million, a 37% increase from the previous year
Banking & Finance

AFS, Xpence partner to innovate SME finance in Bahrain

MEA Finance -
The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector
Banking & Finance

Central Bank of Bahrain issues new ESG reporting framework

MEA Finance -
The framework provides listed companies with guidelines on the reporting requirements for ESG factors
Banking & Finance

GFH Financial Group posts $78.9 million in nine-month profit

MEA Finance -
The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022
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