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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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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