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Bahrain’s cashless payments surge to $3.62bn in first half of 2021

The number of POS and Ecommerce transactions in Bahrain shot up by 65% in August, year-on-year, reaching a total value of nearly $744 million...

Mashreq ramps up Asia operations with opening of its first representative office in Shanghai

Mashreq Bank has inaugurated its representative office in Shanghai amid a strategic push to expand its presence in China. The Shanghai representative office will serve...

First Abu Dhabi Bank and Aldar Education launch digital fee payments through payit

Payit digital wallet, powered by First Abu Dhabi Bank (FAB) has partnered with Aldar Education the leading Emirati private education provider, to launch a...

BankDhofar achieves digital transformation success with Infosys Finacle

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and BankDhofar, one of the leading banks in Oman, announced the bank’s successful completion...

EDFS launch a pioneering next generation of NFT and decentralized storage

EDFS, launched early August, is the new player in the blockchain world, set to revolutionize the crypto space. EDFS offers a secure way to own...

Saxo Bank reveals a 200 percent spike in UAE female investors

Saxo Bank, the online trading and investment specialist, saw a 200 percent year-on-year growth in new female investors in the UAE, according to data...

DNIR partners with Magnati and FAB’s payit to enhance customers’ insurance experience

Dubai National Insurance & Reinsurance (DNIR), a publicly listed insurance company in the Dubai Financial Market (DFM) with multi-line insurance products for corporates and...

ADIB launches Amwali, the world’s first Islamic Digital Bank targeting GenZ

Abu Dhabi Islamic Bank (ADIB) officially unveiled “Amwali” digital bank, the world’s first Islamic digital bank targeting youth between the age of 8 to...

Emirates NBD collaborates with DMCC to boost Dubai diamond industry finance

Emirates NBD has announced plans to increase financing available to the Dubai diamond industry and double its diamond financing book in the UAE by...

Bank ABC Egypt appoints new MD and CEO

Arab Banking Corporation (“Bank ABC”) announced today the appointment of Amr Tharwat as new MD and CEO of its Bank ABC Egypt franchise. The...

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