Tag: Banking
Qatar’s Commercial Bank wins the prestigious “Banker Award”
Qatar-based Commercial Bank has been awarded The Banker Award for "Innovation in Digital Banking" in the Middle East 2020 in recognition of its leading...
Oman grants 2900 interest-free loans for SMEs
Oman Development Bank (ODB) has processed loans for some 2,900 small business owners at a total value of $13.25 million within a span of...
Global Sukuk issuances rose 18% to reach an all-time high
According to the latest study from the Bahrain-based International Islamic Financial Market (IIFM), global Sukuk issuances have increased 18% to $145.70 billion in 2019...
UAE unveils blockchain KYC for secured customer service
Dubai's Department of Economic Development (Dubai Economy) and one of the largest banks in the UAE, Emirates NBD has launched UAE KYC (Know-Your-Customer) Blockchain...
MasterCard promotes eco-friendly cards for sustainable future
New York-based, multinational financial services (FI) company, Mastercard is launching a sustainable card program to get its card issuers to switch to greener alternatives...
Dubai Islamic Bank reports $571.7 Mn net profit for H1 2020
UAE's largest Islamic bank, Dubai Islamic Bank (DIB) has reported a net profit of $571.73 million for the first half (H1) of 2020, a...
Emirates NBD rings opening bell at Nasdaq Dubai to mark bond...
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, rang the market-opening bell at Nasdaq Dubai to celebrate the listing of...
UAE Debit/Credit Card Fraud; Central Bank issues warning
UAE's central bank (CBUAE) has warned UAE banking consumers of the increased number of fraudulent activities observed since the spread of novel coronavirus pandemic...
