#Banks

The SME loan journey: How can it be made easier?

Banks and financial institutions must opt for online credit process with automated elements – offered by companies such as Comarch – to ensure they meet the current market needs

UAE Central Bank imposes fines worth Dhs45.75m on 11 banks

The financial sanctions were imposed on January 24, 2021

Abraham Accords: Impact on talent synergies between the UAE and Israel

The relations between Israel and the UAE will have omnipresent long-term benefits through their similarities

Digital transformation: What are the key challenges that regional banks continue to face?

Digitisation is underway and accelerating in the Middle East – but what are the key technologies being deployed?

How fintech innovations are helping the unbanked across the GCC

As societies adopt more digital payment tools, it is important to bring along the 25 million locally who are still living in cash mode

Oman banks get more flexibility in financing stock investments

Oman’s central bank also said banking sector in the sultanate was “comfortably placed”

UAE SMEs receive Dhs420m trade credit support during Jan-Nov 2020

Etihad Credit Insurance insured the exports of the SMEs as well as their operations in the domestic market allowing them to stay competitive

Abu Dhabi lenders invest Dhs19bn in debt securities for Jan-Sep 2020

The balance of the investments in debt securities by Abu Dhabi lenders totalled Dhs182.5bn at the end of 2019

Outlook 2021: Challenging outlook offers varied picture for GCC banks

The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms

Year’s biggest bank merger sealed as Saudi rivals agree on deal

The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender

Why GCC banks and fintech startups must realign their interests for greater good

Traditional lenders and fintech players can grow simultaneously, offering customers a myriad of services

Different Arab money

Why SMEs should consider trade financing over legacy banks in this region

Many SMEs do not have access to bank borrowings, purely because banks are generally reluctant to provide funding to companies that have smaller balance sheets

Israel’s two biggest banks sending delegations to UAE

The normalisation process announced last month is the first between Israel and a Gulf Arab state

UAE’s Central Bank launches new deposit facility for banks

The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year

Abu Dhabi Islamic Bank CEO Manna resigns after a year on job

The bank’s chief operating officer, Sandeep Chouhan, has been appointed acting CEO

Saudi banks act in unison to reassure investors on oil and virus

Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”

Former chairman of UAE’s NMC urges administrator to act swiftly, supports investigation

Faisal Belhoul said it remains crucial that the investigation into any and all prior wrongdoings at the company is “fully supported”

Emirates NBD approves 40% dividend

UAE’s Emirates NBD launches contactless export trade collections service

Clients can access the new digital feature from the safety of their homes or offices to submit an export collections request

Mobile online banking

Video: Why banks and SMEs in the region should adopt mobile banking solutions

New mobile banking app from Comarch makes it easier for entrepreneurs to manage their day-to-day finance and business tasks

NMC Healthcare

NMC heads to administration after bowing to creditor demands

With a market value of $2.4bn and total debt of $6.6bn, NMC faces an investigation by the UK’s Financial Conduct Authority

Revealed: Top 10 banks in the UAE

The UAE’s biggest listed banks ranked by total asset size

Exchange houses hold talks with UAE Central Bank over new rules

Revealed: Top 10 banks in the UAE

The UAE’s biggest listed banks ranked by total asset size

Revealed: Top 50 GCC banks

Gulf Business reveals the 50 biggest banks in the GCC as ranked by total assets

Revealed: Top 10 banks in the UAE

The country’s biggest listed banks, as ranked by total asset size

The Top 50 Banks In The GCC

The region’s banks witnessed a moderate recovery last year with continued overall gains expected for 2012.