#Banks
JMR Infotech’s innovation adds value to the digital transformation journey of banks and financial institutions in the Middle East and Africa region
Emirates NBD has about $5.7bn of debt maturing this year, according to data compiled by Bloomberg
The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth
Banks are the largest distributors of profits
The Public Investment Fund is raising about $15bn from a group of international banks to finance new investments
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
The financial sanctions were imposed on January 24, 2021
The relations between Israel and the UAE will have omnipresent long-term benefits through their similarities
Digitisation is underway and accelerating in the Middle East – but what are the key technologies being deployed?
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’s central bank also said banking sector in the sultanate was “comfortably placed”
Etihad Credit Insurance insured the exports of the SMEs as well as their operations in the domestic market allowing them to stay competitive
The balance of the investments in debt securities by Abu Dhabi lenders totalled Dhs182.5bn at the end of 2019
The GCC governments’ measures to help corporates and individuals navigate the challenging environment have taken various forms
The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender
Traditional lenders and fintech players can grow simultaneously, offering customers a myriad of services
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
The normalisation process announced last month is the first between Israel and a Gulf Arab state
The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year
The bank’s chief operating officer, Sandeep Chouhan, has been appointed acting CEO
Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”
Faisal Belhoul said it remains crucial that the investigation into any and all prior wrongdoings at the company is “fully supported”
Clients can access the new digital feature from the safety of their homes or offices to submit an export collections request
New mobile banking app from Comarch makes it easier for entrepreneurs to manage their day-to-day finance and business tasks
With a market value of $2.4bn and total debt of $6.6bn, NMC faces an investigation by the UK’s Financial Conduct Authority
Gulf Business reveals the 50 biggest banks in the GCC as ranked by total assets
The region’s banks witnessed a moderate recovery last year with continued overall gains expected for 2012.