Banks in the Middle East need to move from being primarily sales-centric to a balance between sales and customer-centric, according to an expert.
Alex Kwiatkowski, senior marketing strategist, Banking and Digital Channels at Misys
UAE Banks Federation partnered with SWIFT to bring together senior representatives from financial institutions across the region to look at the impact of global regulations and to discuss the adoption of global best practice.
The banking industry in the Middle East maintained double-digit revenue growth in 2014 with a 10 per cent increase, stemming largely from major customer segments such as retail and corporate banking as well as international business and treasury
Profit growth at banks in the United Arab Emirates (UAE) is expected to slip to 5-6 per cent in 2015 as macroeconomic challenges and the absence of big improvements in asset quality strangle lenders' earnings, Standard & Poor's said
UAE-based healthcare provider NMC Health, founded by billionaire Indian entrepreneur BR Shetty, is in talks with bankers for a potential long-term loan, four sources with knowledge of the matter said on Monday.
The London-listed c
The euro fell below $1.20 for the first time since early 2006 on Monday, the dollar starting 2015 as most banks believe it intends to go on this year - higher across the board.
Euro zone inflation numbers trickle out in the first
United Arab Emirates utility Tabreed has raised a Dh2.6 billion ($707.9 million) seven-year loan facility from three banks, two banking sources familiar with the matter said on Sunday.
National Central Cooling Company, Tabreed'
Japan's financial regulator is running stress tests to see if too much cash in the system is stifling smaller banks' ability to earn, unlike regulatory tests elsewhere that have been designed to see whether lenders had enough capital to
In Saudi Arabia and the UAE, the level of consumer trust in insurers is just 52 per cent, compared to 73 per cent for supermarkets, 71 per cent for banks, and 67 per cent for pharmaceutical companies, a report said.
In terms of tr
The Bank of England has told British banks they will need to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected.
Shares in Barclays -- the bank that analysts