Tag: Banking
Citi Group finds its first woman CEO in Jane Fraser
Jane Fraser, head of consumer banking at Citigroup Inc will be the first woman to become its Chief Executive Officer.
She will take the reins...
UAE Cabinet restructures Emirates Development Bank Board
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has restructured the...
Bahrain’s E-banking law could be revamped soon
Reports suggest that Bahrain's legislation governing electronic banking and financial transactions will undergo a revamping soon.
Currently, the parliament of Bahrain and the Shura council...
Kuwait’s CBK picks Thales for its digital payment system
One of the oldest banks in Kuwait, The Commercial Bank of Kuwait (CBK) has chosen French multinational company Thales to digitalize its payment system...
Qatar’s Masraf Al Rayan reveals overwhelming response to its Sukuk issue
Qatar’s second-largest Islamic bank Masraf Al Rayan (MAR) revealed that it's $750mn Sukuk issuance generated overwhelming demand from global investors and was oversubscribed 4.4...
Bahrain’s BBK may acquire Ithmaar Bank’s country operations
One of the largest commercial banks in Bahrain, Bank of Bahrain and Kuwait (BBK) has entered into introductory discussions with Ithmaar Holding for a...
50% of listed firms in Qatar showed resilience; KPMG Qatar
In a report on listed companies’ earnings for the first 6 months ending in June 2020, KPMG Qatar has remarked that almost 50 percent...
US bank fined for poor cybersecurity which led to hacking
The US-based diversified banking company, Captial One has been fined $80 million by the US Treasury Department for the below-par network security practices that allowed...
