Once the acquisition is complete, the merged entity will create the region’s most powerful Shari’ah banking group.
According to a new study, the number of ATM machines dropped to 3.24 million globally for different reasons.
The banking sector is investing big in digital transformation, debuting state-of-the-art solutions including new cashless payment methods and AI-powered services.
Forbes’ 17th annual ranking of the world’s largest public companies is a reflection of the state of the global economy today: who’s on top, who’s growing and who’s seen better days.
Dubai's biggest lender said that it is exploring "a possible acquistion" of its rival Noor Bank.
Dubai Islamic Bank was reported to be in talks with Noor Bank to explore a potential merger.
Reports indicate that shareholders of both banks are in talks for a deal but warned that discussions are at an early stage and might not materialize in a deal.
The lira has lost 17% against the dollar since the deal was signed, hitting a record low in August.