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Summit discusses development of ‘Open Banking’ in Middle East

11 Mar 2021

Sajjad Ahmad, Staff Reporter The 10th Annual Middle East Banking Innovation Summit held in Dubai explored the latest advancements in financial technology (fintech) and banking technology. The summit was...

Listings boom, trading frenzy fuel investment banks’ profits

06 Mar 2021

A surge in blank-cheque investment vehicle fundraising and frantic pandemic-related trading in 2020 boosted investment banks’ income by a record 28% from the year before, a report showed on...

UK to give $17 billion to new Infrastructure Bank

27 Feb 2021

Britain is to launch a new Infrastructure Bank with £12 billion ($17 billion) in capital and £10 billion in government guarantees, the Treasury said on Saturday, aimed at kickstarting...

IKEA to acquire consumer bank

11 Feb 2021

Gulf Today Report IKEA to purchase 49% stake in financial services partner Ikano Bank as part of its plan to offer other services. The bank is owned by Ikano...

Bahrain foils plots to bomb two bank ATMs

06 Feb 2021

Bahrain security services foiled "terrorist plots" to bomb two ATMs belonging to a national bank, the interior ministry said on Saturday. The bombs had been placed at the locations...

ADCB posts Dhs3.809b net profit for FY 2020

31 Jan 2021

The Abu Dhabi Commercial Bank (ADCB) on Sunday reported its financial results for 2020 and the fourth quarter of the same year. According to the result, the bank posted...

Use of mobile banking in UAE increases by over 65%

27 Jan 2021

Sajjad Ahmad, Staff Reporter Digital influence in banking was already well underway prior to the COVID-19 outbreak and the pandemic has accelerated this further across the segment, according...

Indian shares gain as banks rebound

25 Jan 2021

Gulf Today Report Indian shares rose on Monday as banking sectors recorded gains that overshadowed the decline in Reliance Industries. The blue-chip NSE Nifty 50 index rose 0.12% to...

VIDEO: Brazen gun battle in Brazil bank heist leaves cash scattered on road

04 Dec 2020

Gulf Today Report In an audacious bank heist, thugs in Brazil bombed and fired high-caliber weapons at police in the middle of the night and scooted away with bags...

Sharjah Police thwart bank fraud operation, arrest an Asian gang of seven scammers

28 Nov 2020

Sohaila Ahmed, Staff Reporter Teams of Eastern Region Police Department successfully nabbed 7 members of an Asian gang for committing multiple frauds on bank clients around the country....

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