Manama, Kingdom of Bahrain: Standard Chartered PLC (“the Group”) today announced its intention to explore the sale of its Wealth & Retail Banking (“WRB”) business in Bahrain, as it further sharpens its focus on businesses and client segments where it has the greatest scale and most differentiated client proposition. This announcement does not affect the […]
DUBAI, UAE – Citi today announced the appointment of Rajeev Garg as the new Head of Wealth for Citibank N.A., UAE, effective June 18, 2026. Garg will lead the strategic advancement and performance of Citi’s Wealth vertical (Citigold, Citigold Private Client and Credit Cards) in the UAE, while strengthening the business’s risk and control framework in line with […]
Article by: Makram Salloum, Regional Vice President – Middle East, Backbase GCC banks have done something real. Onboarding journeys that took weeks now take minutes. SMEs access financing, trade services, and relationship management through polished digital portals. By almost every front-end measure, the region looks transformed. But looking transformed and being transformed are different things. […]
The breakthrough prototype enables secure, real-time cross-border financial data exchange, strengthening global connectivity and facilitating more efficient access to international markets. Abu Dhabi: The Central Bank of the UAE (CBUAE) announces the successful completion of Project Aperta, an international initiative led by the Bank for International Settlements (BIS) to enable secure and interoperable cross‑border open finance. […]
Poznań, Poland And Budapest, Hungary – Corporate banking in the Gulf Cooperation Council is in the middle of a generational digital upgrade cycle. Driven by Vision 2030, Qatar National Vision 2030, UAE banking reform, and open banking mandates across Saudi Arabia, Bahrain, and the UAE, regional banks face sustained pressure to modernise corporate banking experiences to […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has introduced a new digital service allowing individual employers to register and pay employees’ salaries directly through the ADIB Mobile Banking app and corporate employers via the ADIB Direct app. ADIB is one of the first banks to offer this service, which is […]
Two UAE banks, Emirates NBD and First Abu Dhabi Bank, have topped an index tracking the use of responsible artificial intelligence, receiving recognition for their role in narrowing the gap in adoption between the banking and finance sector in the Middle East and Africa and global peers. The lenders were ranked first and third, respectively, by […]
Kuwait: Kuwait International Bank (KIB) Group, through its investment arm KIB Invest, announced its participation as Joint Lead Manager in the successful issuance of a USD 1 billion Sukuk by the Islamic Development Bank (IsDB), one of the world’s highest-rated multilateral development institutions. This landmark issuance is considered a significant transaction in the international Islamic capital […]
Rain Financial Inc. (“Rain”), a regulated crypto brokerage and custodian in the GCC, today announced a multi-jurisdictional banking agreement with Standard Chartered. Under the agreement, Standard Chartered will provide banking services to Rain in the Kingdom of Bahrain and the United Arab Emirates, including segregated client money accounts, fiat settlement, and correspondent banking supporting Rain’s […]
Sharjah, United Arab Emirates, Invest Bank (INB) today announced its financial results for the quarter ended 31 March 2026, delivering strong growth in profitability supported by higher operating income, continued balance sheet expansion and sustained momentum across its core business segments. Profit Before Tax increased by 97% year-on-year to AED 22.4 million, while Profit After Tax […]