Gulf International Bank (GIB) has appointed Khaled Abbas, a seasoned banker with more than two decades of experience, as group head of wholesale banking at GIB.

Abbas assumes the role after having served as GIB’s country gead of UAE, where he oversaw continued growth in the UAE market. Prior to joining GIB, he was executive vice president and regional head –"...

The Central Bank of Bahrain (CBB) extends its congratulations to Noora Hassan Abdulghani, Superintendent in the Inspection Directorate at the CBB, on her appointment as a member of the Global Future Councils (GFCs).

On this occasion Ms. Abdulghani commented: “I would like to express my gratitude and appreciation to His Excellency Mr. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, for nominating me for this role, and for"...

More than 87% of countries have already established some form of Open APIs in the banking industry. According to LearnBonds, there are over 10,000 financial institutions around the world with open banking implementations.

Open Banking Expands

Online Banking is a global trend that banks and institutions are currently following to improve the current connections across digital"...

Bank of America reported its third-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191016005398/en/

• Bank of America newsroom at https://newsroom.bankofamerica.com
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New York, Oct. 13 (BNA): Visa and Mastercard on Friday announced their departure from Facebook’s Libra project, a major setback to the social network’s plan for a worldwide digital currency.

Along with the two payment giants, several other large companies have said they’re exiting Libra. Payment processing company Stripe is stepping back, as well as"...

Manama, Oct. 9 (BNA): The Central Bank of Bahrain (CBB) issued its monthly statistical bulletin for August.

The bulletin indicated an increase in Money supply (M3) that reached BD 13,531.5 million as at the end of August, compared to BD 12,304.4 million as at the same period-end last year, an increase of 10.0%. In addition, the total outstanding balance of public debt"...

Kuwait, Oct. 7 (BNA): Central Bank of Kuwait Governor Mohammad Al Hashel said Gulf Cooperation Council (GCC) central banks are seeking to create tools for boosting their predictability of banking liquidity.

Governor Al Hashel, also the President of the Gulf Monetary Council (GMC), was speaking during the inaugural session of a workshop on liquidity projection and analysis,"...

Bahrain Islamic Bank (BisB), the leading provider of integrated Sharia compliant financial solutions in the Kingdom of Bahrain, cemented its position as an industry leader emerging as the winner of ‘‘Most Innovative Digital Bank – Bahrain 2019” category awarded by International Finance Magazine (IFM), one of the world’s leading financial publications with a readership in over 200 countries.

BisB was bestowed this award"...

BBK, Bahrain’s pioneer in retail and commercial banking, has recently signed an agreement with Amazon Web Services (AWS) in order to avail their technologies and innovation practices as a part of the bank’s digital transformation strategy.

BBK’s moving to AWS follows the launch of Amazon’s new data center in Bahrain in August of this year and the government of Bahrain’s strategic partnering with AWS to introduce infrastructure"...

Held under the patronage of HRH Prince Khalifa Bin Salman Al Khalifa, The Prime Minister of the Kingdom of Bahrain and the strategic partnership of the Central Bank of Bahrain, the 26th Annual World Islamic Banking Conference (WIBC) – the flagship offering of Middle East Global Advisors (MEGA) and the largest and most prestigious gathering of Islamic banking and finance leaders in the world – will take place on December 02nd, 03rd & 04th 2019 at the Gulf Hotel in the Kingdom of Bahrain.

Over"...