The Abu Dhabi Commercial Bank (ADCB) has been granted permission to open a subsidiary bank in the Republic of Kazakhstan, following approval by the country’s authority for the regulation and development of the financial market. ADCB will act as the sole shareholder of the subsidiary bank, according to a government announcement, offering banking services, including […]
Muscat, Oman – Dynatrace (NYSE: DT), the leading AI-powered observability platform, today announced that Bank Muscat, the Sultanate of Oman’s largest bank by market share, has deployed the Dynatrace® platform to build the country’s first enterprise Command Center in the banking sector, that will strengthen operational resilience and accelerate incident response across critical digital banking services. […]
ABU DHABI – The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the […]
Sharjah, UAE – Bank of Sharjah today announced its financial results for the year ended 31 December 2025, reporting exceptional performance and reinforcing the strong momentum achieved following the Bank’s successful turnaround in 2024. The Bank recorded net profit of AED 729 million, up 89% from AED 385 million in 2024, while profit before tax increased […]
ABU DHABI: Chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), the Board held its second meeting of the year today. The Board noted that the UAE’s financial system […]
Manama, Kingdom of Bahrain – Kuwait Finance House – Bahrain (KFH-Bahrain) reaffirmed its continued commitment to empowering its corporate clients to manage their financial operations with efficiency and flexibility by offering a comprehensive suite of advanced digital banking solutions. These services enable companies to complete their transactions with ease and security, helping ensure business continuity and […]
Muscat – BankDhofar has announced the launch of Neo Corporate Internet Banking (Neo CIB), a next-generation digital banking platform that significantly expands the range of services available to corporate, SME, institutional, and government customers. The new platform represents a major milestone in the bank’s digital transformation journey, offering a unified, intelligent, and highly automated banking […]
Source: Zawya As the war between Iran, Israel and the US continues into its second week, investment banks in the GCC, which had expanded over the past 24 months amid a flurry of DCM and ECM deals, have signalled that they are maintaining their local operations. On Tuesday, Iran’s Islamic Revolutionary Guard Corps (IRGC) warned […]
Manama – Standard Chartered Bahrain has confirmed that its operations across the Kingdom remain fully functional and continue to run at full capacity. The Bank reaffirmed its ability to deliver seamless banking and financial services through both its branch network and digital platforms, ensuring that clients’ needs are met without interruption and that service continuity is […]
Manama, Kingdom of Bahrain: Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has confirmed the continued provision of its banking services to customers through its open branches and digital channels, alongside the ongoing daily draw campaign during the Holy Month of Ramadan for “Al Waffer” account customers. This comes as part […]