banks

How Lebanon’s banks can get money back to depositors

One of the biggest names in the stricken financial sector calls for 'hope' amid the crisis that has reduced millions to poverty and ruined the country's reputation. There is now a detailed plan.

Salwa Baalbaki 20 July 2024

Islamic Banks, a Superior Model?

Islamic finance encompasses Islamic securities (Sukuk), banking, leasing, Islamic insurance (takaful) and financing. Islamic financial markets have been a subject of talks for the past decade. This…

Saif Al Abri 08 July 2022

Photo shows police and bank officials inspecting the scene of a robbery hat affected safe deposit boxes at one of main branches of Iran’s Bank Melli on June 7, 2022 in Tehran.

Iran’s Bank Melli Robbery: Heist or Staged Show?

Iranian state television reported that “thieves cut into the vault of a branch of Bank Melli (Persian for National Bank) from a neighboring building in Tehran.” As a result, hundreds of Iranians lost…

Mahdi Akabaei 25 June 2022

Saudi Central Bank Governor Fahad al-Mubarak speaks during a news conference in Riyadh March 3, 2013. REUTERS/Faisal Al Nasser/File Photo

Digital Banks: The Next Big Thing in Saudi Banking Sector

With the announcement of Fahad Al Mubarak, Governor of the Saudi Central Bank, about the Kingdom’s intention to license more digital banks, the Saudi banking community should be ready for the…

Motasem Al Felou 05 December 2021

Saudi Stock Market index has jumped by 30% from the beginning of 2021 until the beginning of August. (Photo: Reuters)

Saudi Banks Thriving

At the end of July, Saudi banks posted their results in the second quarter for the current year (April through June 2021). The Q 2 earnings are 10 times the ones achieved in the same period last year…

Motasem Al Felou 14 August 2021

Saudi Finance Minister Mohammed al-Jadaan speaks during the Financial Sector Conference held in Saudi Arabia's capital Riyadh on April 24, 2019. The event was organized by the government bodies overseeing the implementation of the Financial Sector Development Program. (FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia Boosts Banking Industry

Standard Chartered Bank, a British banking and financial services company founded in 1969, started operation of its first branch in Riyadh, Saudi Arabia, around the middle of last May. The Saudi…

Motasem Al Felou 30 July 2021

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It will be the largest gathering since the inception of the Future Investment Initiative in 2017, with 600 speakers set to address the four-day event and an impressive lineup of attendees

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