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Citi, Emirates NBD partner to launch US cross-border payments

Emirates NBD will fully utilise Citi’s 24/7 USD clearing capabilities, including commercial payments and execution of treasury payments

Emirates NBD, Pine Labs partner to strengthen merchant acquiring solutions

The bank plans to deliver cutting-edge merchant-acquiring processing solutions for its clients in the UAE, with plans to expand to Saudi Arabia and Egypt

ADNIC completes acquisition of 51% stake in Allianz Saudi Arabia

ADNIC has been actively exploring opportunities and expanding its geographical footprint as part of its growth strategy

UAE’s ADCB obtains banking licence from Saudi Central Bank

The bank will provide a comprehensive range of services for corporate and institutional clients, including financing and working capital solutions

Oman’s Sohar International secures Saudi banking licence

The bank’s expansion is poised to catalyse job creation, facilitate knowledge exchange, and promote skill development

Alrajhi Bank, American Express Saudi Arabia partner to expand ATM access

The two entities recently entered into an agreement allowing Alrajhi Bank’s POS network to accept payments made using American Express cards

Gulf International Bank raises SAR 1.5 billion from debut Tier 2 Sukuk

The bank’s Sukuk programme is aligned with its strategic objectives to facilitate balance sheet growth

Saudi Awwal Bank, Mastercard partner to offer secure digital transactions

The bank will leverage Mastercard’s advanced AI-based cybersecurity technology to prevent payment fraud

Network International outlines Saudi Arabia expansion strategy

Network has quickly grown its customer base of processing customers to a total of nine, since entering Saudi Arabia in 2022.

Standard Chartered Bank appoints CEO for banking branch in Saudi Arabia

Standard Chartered Bank announced the appointment of Yazaid Al Salloom as Chief Executive Officer, Standard Chartered Bank Saudi Arabia, effective 1 August 2020.  Mr....

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