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Economy, Video

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Ways of digital banking in Middle East

More than 465 fintech companies are reportedly operating in the Middle East.
By TRENDS Desk
August 7, 2022 2:32 pm
  • Banking that is done through the digital platform without any paperwork is referred to as digital banking.
  • Increased efficiency, cost reduction and increased accuracy are some of the advantages of digital banking.

Banking that is done through the digital platform without any paperwork is referred to as digital banking. Simply put, digital banking means the availability of banking services online.

It involves the automation of traditional banking services and substitutes the bank’s physical presence with an everlasting online presence, eliminating a consumer’s need to visit a branch.

Increased efficiency, cost reduction and increased accuracy are some of its advantages. Digital banking is picking up in the Middle East, although it lags behind the western nations.

TRENDS takes a look at the types of digital banks in the Middle East.

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