Financial Services MENA Edition
Latest News
eXtra's subsidiary receives Saudi regulator's nod to provide credit card service
Approval will enable eXtra to extend its presence in the kingdom's retail sector
Moody's upgrades APICORP to Aa2 with stable outlook
The ratings agency expects APICORP's higher quality of funding and very strong asset performance to stay
Al Salam Bank buys 404,000 treasury shares
This brings the bank’s total holding of treasury shares to 57.173mln
UAE scraps client age limit for repaying mortgages
Decision has been made after taking feedback from the public
GCC banks to maintain stable credit ratings
The UAE banking sector maintained its position as the largest in the Arab world during 2018.
Elm developing E-Wallet service for Saudi digital infrastructure
The program is part of the digital infrastructure development in the Kingdom aimed at reaching all segments of the community
UAE scraps client age limit for repaying mortgages
Decision has been made after taking feedback from the public
Mastercard, Visa, others exit Facebook's Libra project
The companies join PayPal Holdings Inc which exited the Libra Association just a week ago
Six-month deposits at UAE banks surges to $49.64bln
Demand has been significantly growing since the beginning of the year for short-term deposits, according to the banking regulator's figures.
Saudi Aramco IPO prospectus to be filed this month - report
A decision on whether to go ahead would likely be made after the book-building, the report said
Insights
GCC bank capitalization remains strong
Lending growth will remain in the mid-single digits
Banks' green torpor will leave shares stuck in mud
The prospect of getting an earful from governments and owners alike can be a powerful motivation for banks to be more transparent about their climate-related activities
JP Morgan: An investment of the ages
Sjoerd Leenart, Global Head of Corporate Banking, Regional Head, Central & Eastern Europe, Middle East and Africa at JP Morgan, sits down with Banker Middle East to share his thoughts on opportunities in the region and factors that continue to shape the market landscape
