Recent

Bank al Etihad
September 19, 2018 - 10:42 GMT
Bank al Etihad‘s retail and corporate clients can now securely send and receive transfers across borders with greater speed and enjoy an array of added value features through the recently introduced SWIFT global payments innovation (SWIFT gpi), while facilitating financial stability and fund management.
The Sukuk was issued as a “drawdown” under Al Hilal Bank’s USD2.5 billion Trust Certificate Issuance Programme, which is listed on the Irish Stock Exchange.
September 19, 2018 - 10:08 GMT
Al Hilal Bank PJSC, rated A2 by Moody's and A+ by Fitch has successfully closed a USD500 million 5-year Senior Sukuk.
Cash withdrawals are now possible using simply a PIN and your fingerprint. (Shutterstock)
September 19, 2018 - 08:21 GMT
Customers at Bahrain-headquartered Ithmaar Bank will soon be able to use just their fingerprint and pin number to take money out of cash points, dispensing with the need to carry their bank cards with them.
During the event
September 19, 2018 - 07:49 GMT
National Bank of Oman (NBO) has signed an agreement with Oman National Engineering & Investment Company (ONEIC) to provide businesses a faster.
Emirates NBD U By Emaar Visa credit cards will allow customers to earn and redeem Upoints at 1,500 Emaar touchpoints across the hotels, restaurants and leisure assets of Emaar Group.
September 18, 2018 - 12:26 GMT
U By Emaar, the customer-focused loyalty programme by Emaar, has joined hands with Emirates NBD, a leading bank in the Middle East, and the world’s leader in digital payments, Visa, to create Dubai’s most rewarding card programme, Emirates NBD U By Emaar Visa credit cards.
During the event
September 18, 2018 - 12:18 GMT
Bank Sohar recently rewarded another 45 customers for their financial prudence under the Al Mumayaz Savings Scheme’s monthly prize draws.
During the event
September 18, 2018 - 11:37 GMT
National Bank of Oman (NBO) has signed an agreement with Oman National Engineering & Investment Company (ONEIC) to provide businesses a faster, more seamless and simpler way to making monthly payments to the Public Authority for Social Insurance (PASI).
Mr. Majed Essa Al-Ajeel, Chairman of the Board of Burgan Bank Group
September 18, 2018 - 11:28 GMT
Burgan Bank Group (the Group) announced today that its Turkish subsidiary, Burgan Bank A.S. – Turkey (The Bank), remains vigilant with regards to the volatility in Turkey and is, at present, not witnessing any material impact on its profitability.
Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings. (Shutterstock)
September 18, 2018 - 10:47 GMT
Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings, thanks to new government laws affecting expatriates.
The General Council for Islamic Banks and Financial Institutions (CIBAFI) said treatment of real estate across Islamic finance jurisdictions still reflected Basel II or pre-reform Basel III rules. (Shutterstock)
September 17, 2018 - 08:46 GMT
Bahrain-based CIBAFI has called on regulators overseeing Islamic banking to revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III.
ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the non-call, five-year Sukuk at a profit rate of 7.13 per cent. (File/ Photo)
September 17, 2018 - 06:15 GMT
Abu Dhabi Islamic Bank (ADIB) has successfully raised $750 million of additional Tier 1 through a perpetual Sukuk that complies with Basel III regulatory framework issued by the Central Bank of the UAE.
During the event
September 17, 2018 - 05:05 GMT
Bank Sohar was acknowledged as one of Oman’s ‘Best Performing Companies’ at the Alam Al-Iktisad Wal-Amaal (AIWA) Awards in its 10th edition.
During the ceremony
September 16, 2018 - 10:34 GMT
National Bank of Oman awarded a total of OMR 100,000 to 4 lucky individuals, OMR 5000 to 10 monthly salary transfer winners and OMR 300 to three guests from the instant prizes category as part of the Bank’s monthly Al Kanz Savings draw.
Mrs. Haneen Al Rumaihi, Assistant General Manager – Marketing & Product development with Al KazemiTravel & Tourism representatives
September 16, 2018 - 05:45 GMT
Burgan Bank announced its latest exclusive partnership with Al Kazemi Travel & Tourism that will entitle its customers with an exclusive 10% discount on airline tickets.
Bank Sohar has continued to make rapid advancements in its work for greater digitization
September 16, 2018 - 05:20 GMT
Delivering on its promise of banking excellence through a comprehensive customer-centric strategy in the year themed as the “Year of You”, Bank Sohar promises customers that they will be able to open an Account within 5 minutes!
Risks to financial stability remain significant given unpredictability in the policy framework and Turkey’s large external financing requirements. (Shutterstock)
September 13, 2018 - 10:03 GMT
International rating agencies Moody’s and Fitch downgraded a number of Turkish banks, including Bank Audi’s subsidiary Odea Bank due to their exposure to the country’s financial crisis.