Alizz Islamic Bank to become subsidiary of OAB
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 pressures rise as global recession deepens: S&P
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 […]
Combating coronavirus: New DIFC directive offers greater protection to companies, employees
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, […]
Saudi banks need to accelerate digital transformation
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 […]
Sweeping steps to protect COVID-19 doctors in India
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 offers support to UAE tech SMEs
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 […]
Banks in Kuwait set aside $6.43bln for recovery soft loans
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 […]
Coronavirus: Emirates NBD sees more corporate clients opting for digital channels
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 […]
New government services added for payments at TAM machines in Bahrain
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 […]
AMF launches Guidelines on Digital Identity and e-KYC for the Arab region
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 […]
Europe’s big banks can weather 2009 times three
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 to award $100mln in grants, ad credits to small businesses
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 […]