The European Union agreed on Thursday a blueprint to close failing banks but stopped short of a more ambitious plan for the euro zone to unite in tackling its troubled lenders.
More than five years since a financial crisis struck,
Top international ratings agency Fitch said in a new report that the Bahraini banking sector has been performing well since 2011 despite unrest, and that it expects profit growth next year.
Economic growth has been boosted by a re
Xerox Emirates, a joint venture between Xerox Corporation and Dubai-based Mohamed Hareb Al Otaiba, has signed an agreement with Asseco to provide its banking solution to the Mena market.
The new Aseba BPS will enable banks to proc
Standard Chartered has announced the launch of its wholesale banking operations in Iraq with the opening of its head office and first branch in the capital Baghdad.
The new head office was inaugurated by Iraqi Prime Minister Nuri
Emirates Islamic, a leading Islamic financial institution, has launched “The Innovation Challenge,” a competition that calls on students of UAE universities to devise new social media solutions for the banking world.
The GCC has solid foundations for a move towards adopting digital banking as a way of improving customer service as the region develops, said a report.
Digital banking is an integral part of every bank’s agenda as a way to o
More than 200 global Islamic bankers will discuss Islamic banking market trends and insights at a conference to be held in Dubai next month.
The fifth World Islamic Retail Banking Conference will take place at the Shangri-La Hotel
Moody's Investors Service said that outlook for the UAE's banking system has been changed to stable from negative.
The outlook change reflected the continued improvements in the operating environment and the ongoing recove
National Bank of Abu Dhabi (NBAD) aims to become the largest, safest and best performing bank in UAE and GCC, the bank’s CEO said outlining its expansion strategy.
Alex Thursby, who became the group chief executive officer o
Mashreq, one of the UAE’s leading financial institutions, has reported net profit of Dh1.3 billion ($353 million) for the first nine months of 2013, a 34 per cent increase compared to Dh970 million during the same period last year.