• Global economy lost $32bn due to credit card frauds, says AMF

    Abu Dhabi, UAE - The Arab Monetary Fund said Wednesday that global credit card fraud losses incurred by financial institutions and individuals reached around US$32.3 billion in 2021. The losses increased substantially by 13.8 percent compared to the previous year, WAM reported. The Fund released a study titled "The Role...

  • Dubai Islamic Bank unveils digital banking services

    Dubai, UAE - Dubai Islamic Bank launched DIB alt, a full-fledged digital umbrella brand to house all of the bank's digital offerings and capabilities under one roof. DIB ‘alt’ is a full-service transformative digital banking experience that is set to enhance the banking experience for DIB’s customers by many folds,...

  • Cybersecurity: Convenience comes with online threats

    By slowing down and breaking the sometime mindless scrolling habit, we can make decisions with a focused mind and not fall for the tricks of social engineers who rely on us being distracted, advises Rizk while giving tips for keeping your personal info safe this Data Privacy Day.

  • Lebanese turn to money transfer firms as trust ebbs in banks

    Once the flagship of Lebanon's economy, the banking sector is now widely despised and avoided after banks barred depositors from accessing their savings, stopped offering loans and closed hundreds of branches and slashed thousands of jobs.

  • AUB to acquire Citi Bahrain unit

    The acquisition includes retail banking and credit card.

  • UAE credit card applicants to get pre-approved status online

    The UAE’s Al Etihad Credit Bureau has joined hands with online financial aggregator Policybazaar UAE to implement real-time eligibility checks for credit card applications based on the AECB Credit Score and banks’ approval criteria.