Tag: Banking
Oman’s NBO unveils new digital transfer service
Further improving its digital platforms to empower its consumers to use banking services while remaining at home to restrain the coronavirus spread, the National...
SAMA provides $13 billion to banks for improving liquidity
Saudi Arabian Monetary Authority (SAMA) is advancing $13.29 billion into the banking sector to raise liquidity and improve the lending capability of financial institutions...
ADIB brings in interim CEO as former chief executive Mazin Manna...
UAE's biggest Islamic finance institution, Abu Dhabi Islamic Bank (ADIB), has promoted in its current Chief Operating Officer Mr. Sandeep Chouhan as its new...
UAE Central Bank delivers financial reporting guidelines to assess COVID-19 credit...
The Central Bank of the UAE announced guidelines to financial organizations on the use of International Financial Reporting Standard 9 (IFRS 9) to guarantee...
DIFC-based InstaVal unveils digital investment banking platform
InstaVal, an investment preparation platform company based out Dubai International Financial Centre (DIFC) has unveiled a digital investment banking platform that produces valuation statements...
Commerzbank raising $3.31 billion to fuel new business opportunities
Where the majority of the financial institutions around the world struggle to maintain operations, Germany's Commerzbank is planning to raise up to $3.31 billion...
UBS creating fin-tech exclusive venture fund
Swiss investment banking giant, UBS Group is creating an exclusive venture capital fund for fintech projects. The venture fund will finance fintech projects in three...
UAE Exchange begins transaction refunds to customers
UAE based currency exchange and transfer firm UAE Exchange has begun issuing refunds to few customers whose transactions had been delayed for more than...
