Saudi Arabia’s NCB signs merger agreement with Samba Financial
The new entity to have combined assets worth $223 bn...
Tag : Middle East banking
Emirates NBD in talks to acquire Blom Bank Egypt
Emirates NBD confirmed about preliminary talks between both parties through a bourse filing...
Abu Dhabi Commercial Bank to let go 400 employees
The bank decides to cut costs amid lower oil prices and the Covid-19 crisis...
UAE central bank to introduce a new overnight deposit facility
The new facility will allow conventional banks operating deposit their surplus liquidity at the central bank on an overnight basis...
Deposits in Saudi Arabian banks increase by 7.3% in 2019
Savings and term deposits increase by 13.2% year-on-year in 2019 to SR 501.67 bn...
Emirates NBD inks deal with DLD to offer trust account services
ENBD is the first UAE bank to team up with RERA after the new law in September 2019...
Al Wateen: A unique digital factory in the Kuwait Islamic banking sector
Kuwait’s Warba Bank is pioneering digital banking innovation in the Gulf countries with an in-house centre to develop exclusive digital products and services...
United Gulf buys Burgan Bank’s 51.8% stake in Bank of Baghdad
The deal is anticipated to reduce non-performing loans by nearly KWD 34 million...
Mastercard, SABB partner to enhance international payments
SABB customers can send money to more than 100 countries through Mastercard Send for Cross-Border...
Saudi Arabia’s NCB and Riyadh Bank end merger talks
The two Saudi banks failed to agree on a valuation...