The National Bank of Bahrain has tied up with Bahrain FinTech Bay to launch challenge youngsters in the country to make youth focused banking solutions. Any Bahraini student, whether a citizen or resident, is eligible to apply, provided they are between the ages of 18 and 24.

Cyber criminals have targeted an organization in UAE 295 times per week on an average in the last six months. Banking and finance sector bears the brunt.

The Central Bank of the United Arab Emirates (CBUAE) has unveiled the Retail Payment Services and Card Schemes Regulation.

Sharjah Islamic Bank's operating profit increases 25.6% to AED 417.3 million in the first six months

Citigroup’s corporate and investment banking revenue nearly tripled in Saudi Arabia The group had returned to the kingdom three years back, after a 13-year-long absence Although Citigroup did not give out exact revenue figures, a senior executive revealed that the group’s corporate and investment banking revenue for its Saudi Arabia...

Saudi cabinet authorizes finance minister to issue licenses Last year, the Saudi Central Bank (SAMA) licensed 16 financial technology companies to provide payment services Saudi Arabia’s Cabinet on Tuesday gave its nod to the Kingdom’s finance minister to issue licenses for the country’s first digital banks, the Saudi Press Agency...

Russia might get a toehold in the banking sector in Saudi Arabia A proposal in this regard is being looked at by both the countries There might soon be a Russian bank in Riyadh. A proposal in this regard was presented at a meeting between Saudi and Russian officials on...

Two digital banks are being set up, if all goes well with the regulatory agency

IFIN platform eliminates the need for customers to visit their bank branch to secure finance and provides retailers with an opportunity to boost their sales and increase customer loyalty   

The decision is result of  Al Shaikh's successes as acting  head in the digital retail banking Al Shaikh has an experience of over 21 years in corporate banking, project financing, retail banking Oman Arab Bank (OAB) has announced the appointment of Rashad Al Shaikh as Head of its Retail Banking...

By Gareth Smyth When Lebanese Prime Minister Saad Hariri took to Saudi television in November to resign and accuse the Shia group Hezbollah of planning his assassination, some amount of capital vacated Lebanon. But the market reaction was muted, with private-sector deposits at commercial banks falling just 1.5 percent month-on-month....

Steadfast on the path of economic diversification and structural reforms, countries in the Middle East and North Africa (MENA) seem to have finally found the equilibrium to adjust to the “new reality” of lower oil prices. This is reflected in the just released outlook for the region in 2018 by...

It was more about fiscal consolidation than being adventurous in 2017 for the banking sector in the Gulf Cooperation Council (GCC), which has felt the ripples of continued low oil prices most. Though banks warded off liquidity concerns by keeping capital buffers intact and adopting more stringent lending criteria, the...

2017 was exceptional on many fronts for the region’s largest and most diversified derivatives bourse, Dubai Gold and Commodities Exchange (DGCX). Throughout 2017, DGCX recorded new trading highs, launched unique and innovative products and product-related initiatives, grew its strategic partnerships, received regulatory recognitions and industry plaudits too. Balanced blend of...