financial services
TransferWise To Begin Offering Low-cost Money Transfers In UAE In 2020
Middle East Business News - Published date: .
TransferWise serves 6 million customers worldwide and processes $5bn in customer payments every month Read more
Dubai's Emirates NBD Plans $1.76bn Rights Share Sale
Middle East Business News - Published date: .
Emirates NBD last month raised the cap on foreign ownership holding in its shares to 20% from 5% Read more
India's Largest Commercial Bank Cuts Interest Rates
Middle East Business News - Published date: .
State Bank of India's move may affect millions of Gulf-based non-resident Indians Read more
Abu Dhabi's ADCB Quarterly Profit Drops 11% On Cost Of Funds
Middle East Business News - Published date: .
Abu Dhabi Commercial Bank combined with local rivals Union National Bank and Al Hilal Bank to create the Gulf region's f... Read more
Saudi Banking Sector Shows Strong Growth
Middle East Business News - Published date: .
Latest KPMG report reveals increase in net profit and total assets Read more
Emirates NBD Reveals Expo Package For SMEs
Middle East Business News - Published date: .
Preferential business banking to be offered as part of Expo 2020's Dubai Online Marketplace Read more
Dubai Islamic Bank Weighs Acquisition Of Local Rival Noor Bank
Middle East Business News - Published date: .
Dubai Islamic Bank's acquisition of Noor Bank would create a lender with $75bn in assets Read more
UAE's Al Hilal Bank Plans Digital Transformation Under New CEO
Middle East Business News - Published date: .
Amr Al Menhali, newly appointed as Al Hilal Bank's CEO, will lead a digital transformation to enhance customer experienc... Read more
Bahrain's GIB Establishes Saudi Arm With $2bn Capital
Middle East Business News - Published date: .
The bank's Saudi arm will be owned equally by GIB and Saudi Arabia's Public Investment Fund Read more
Finablr's $200m IPO To Be Completed By Mid-May
Middle East Business News - Published date: .
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in... Read more
Dubai's Emirates NBD Reports Increased Profits On Loan Growth, Forex
Middle East Business News - Published date: .
Emirates NBD said economic activity in 2019 to be underpinned by higher oil production as well as increased government s... Read more
Dubai Islamic Bank On The Lookout For Potential Acquisitions
Middle East Business News - Published date: .
Dubai Islamic Bank was reported last month to be considering buying Noor Bank Read more
UAE Payment Firm Finablr To Launch London IPO
Middle East Business News - Published date: .
Holding firm Finablr is behind brands UAE Exchange, Travelex Holdings and Xpress Money Read more
Emirates NBD To Pay 14% Less For Turkey's Denizbank After Lira Slide
Middle East Business News - Published date: .
Emirates NBD will now pay $2.75bn for Sberbank's wholly-owned Turkish unit Read more
India's Largest Bank SBI Inks Payments Deal With Hitachi
Middle East Business News - Published date: .
State Bank of India announces launch of joint venture for a card acceptance and digital payments platform Read more
LuLu Financial Group Targets 30% Digitisation By 2020
Middle East Business News - Published date: .
Lulu Financial Group has crossed the $10bn mark in its total transactional value in its financial sector business Read more
HSBC Reports $1.55bn In 2018 Middle East Profit
Middle East Business News - Published date: .
HSBC Holdings reported an overall profit of $19.89 billion for 2018 Read more
Deutsche Bank Seeks To Rebuild In Middle East After Cost Cutting
Middle East Business News - Published date: .
Jamal Al Kishi, Middle East and Africa CEO, said Deutsche Bank said it expects to be involved in large financing deals a... Read more