Overview: Too many buzzwords are used today by the technology community and specifically the financial and banking community. Among these tems we can hear of “Cloud”, “IoT” (Internet of Things), […]

Overview: The world economy is confronting one of the most existential challenges since World War II. Economic activity, financial markets, and private sector confidence are all collapsing. The latest update […]

Over the past three years, the UAE’s banking sector has expanded, and now it provides 98 percent of its services to customers electronically, enabling them to achieve their transactions safely […]

Mohamed Okasha, co-founder of Fawry for e-payments, announced on Thursday that he will establish a $25m venture capital (VC) fund to invest in financial technology (FinTech) startups which are in […]

Oman International Development and Investment Company (OMINVEST) has said that Alizz Islamic Bank SAOG will become a fully-owned Islamic banking subsidiary of OAB and converted into an SAOC. In a […]

Credit conditions are worsening, as the disruptions caused by the coronavirus outbreak are pushing the global economy into a deep recession and recovery remains uncertain. “Extended coronavirus-containment measures are pushing […]

Dubai International Financial Centre (DIFC) on Sunday announced DIFC Presidential Directive No. 4 of 2020, which seeks to help limit the impact of the Covid-19 situation. Effective from April 21, […]

Banks in Saudi Arabia have to revisit their digital transformation plans and strive to launch new channels that will sustain delivery of products and services amid the Covid-19 pandemic, according […]

As the number of medical doctors, nurses and health workers who are infected by COVID-19 continues to rise in India, the central government in New Delhi and authorities in various […]

Shuaa Capital, a leading asset management and investment banking platform in the region, has announced it will provide free expert advisory services and interest-free loans through regulated partners to support […]

 The local banks in Kuwait have allocated KD 2 billion to the soft loan portfolio expected to be granted to small and medium enterprises, as well as companies and clients […]

Emirates NBD’s corporate banking has witnessed a 60 percent month-on-month increase in the onboarding of clients to digital channels, as more people opt for the electronic route in light of […]

Payment International Enterprise (PIE) has added a new range of governmental services with a new payment method that allows cash intake for daily transactions at its kiosk network located across […]

On the occasion of the Arab Financial Inclusion Day 2020, the Arab Monetary Fund, AMF, announced the publication on Digital Identity and e-KYC Guidelines for the Arab Region issued by […]

Memories of banking crises die hard. Yet Europe’s major lenders enter the current tumult with significantly bigger shock absorbers than during the last meltdown. According to a Breakingviews calculator, they […]

Facebook Inc said it plans to award $100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact […]