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Khaleeji Bank ties up with Al Areen to offer loans to Tilal buyers

Khaleeji Bank, one of the leading Islamic banks in Bahrain, has signed an MoU with realtor Al Areen Holding Company to provide financing for Al Areen’s Tilal Residential Project buyers.   The bank will prov

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Khaleeji Bank ties up with Al Areen to offer loans to Tilal buyers

Khaleeji Bank, one of the leading Islamic banks in Bahrain, has signed an MoU with realtor Al Areen Holding Company to provide financing for Al Areen’s Tilal Residential Project buyers.   The bank will prov

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UAE banks' gross assets jump 10.8% in May

UAE banks’ gross assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion, compared to AED3.869 trillion in May 2023, according to the May figu

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Aggregate gross loans in GCC hit $2trn: Kamco Invest

Outstanding credit facilities for GCC banks witnessed a healthy q-o-q growth of 2.1% during Q4-2023 with aggregate gross loans reaching $2 trillion, according to Kamco Invest, a regional non-banking financial powerhouse based in Kuwait. 

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UAE banks told to defer loan repayment for rain-hit

The Central Bank of UAE has issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the recent rains and flooding for a period of six months.&nb

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UAE banks told to defer loan repayment for rain-hit

The Central Bank of UAE has issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the recent rains and flooding for a period of six months.&nb

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Loans given by Bahrain retail banks rise 4.3% to $31bn in 2023

The outstanding total loans and credit facilities extended to resident economic sectors by retail banks in Bahrain increased to BD11.8 billion ($31.36 billion) at the end of 2023, an increase of 4.3% compared to the end of 2022. &

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cashew, Mashreq launch high-value loans in UAE

cashew, a front-runner among Mena fintechs, has teamed up with Mashreq, a leading financial institution, in a ground-breaking alliance to revolutionise the UAE’s credit offering. This partnership introduces a pioneering financial solutio

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Emirates NBD’s new tablet enables instant banking

Emirates NBD, a top banking group in the Menat (Middle East, North Africa, and Turkey) region, has introduced Tablet X, a tablet banking platform facilitating account opening in just three minutes. The platform also facilitates instant

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Saudi banks’ residential loans in August surges to $1.9bn

The Saudi banks’ new mortgage lending to houses, apartments and lands registered a solid growth, surging by 31.7% to SAR7.14 billion ($1.9 billion) in August from SAR5.43 billion ($1.4 billion) the previous month, reported Arab News

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