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SunTec urges UAE & GCC banks to move towards ‘Lifestyle Banking’

SunTec, the world's No.1 relationship-based pricing and billing firm, has urged banks in the UAE and the wider GCC area to re-engineer their offerings...

Fitch revises outlook of 6 Saudi banks to ‘Stable’; Affirms rating...

American credit rating agency, Fitch Ratings has revised the outlook of six lenders in Saudi Arabia to stable from negative and affirmed the foreign...

Dubai’s aircraft lessor DAE adds more banks to bond deal

Dubai Aerospace Enterprise (DAE), one of the world's largest aircraft leasing companies, has added more banks to its planned sale of US dollar-denominated bonds,...

Oman raises $2.2bn worth loans via large group of banks

Oman has reportedly raised $2.2 billion worth loan in a deal that has attracted the interest of a large group of regional and foreign...

Saudi Arabia to begin instant bank transfers to support its eCommerce...

Saudi Arabia is reportedly planning to launch a new inter-bank money transfer system, which enables payments to be processed faster between local banks, helping...

Rise in digitization; Number of bank branches in UAE shrink

The recently released research report 'UAE: Digitalization in the banking sector' shows that, due to digitization and mergers, the branch network has been shrinking...

UAE banking sector made investments worth $4.5 billion in April 2020

The Central Bank of UAE has reported that UAE’s banks made investments worth $4.51 billion (AED16.6 billion) in April 2020. Banks are appropriating their excess...
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