Banking bulletins

73% of Consumers in Middle East and Africa are Shopping More Online Since the Start of Pandemic, Reveals Mastercard Study

73% of Consumers in Middle East and Africa are Shopping More Online Since the Start of Pandemic, Reveals Mastercard Study

Data Top Ups (70%), clothing (63%), and groceries (52%) top the virtual shopping list in the region 66% of consumers have embraced online banking, and on average nearly half have used the downtime to upskill on online experiences such as healthcare, cooking, education and more Beirut, Lebanon – 24 November 2020: As the global COVID-19 pandemic

Banque BEMO believes in the Lebanese Industry

Beirut, November 20, 2020: The Lebanese industry is an important driver of the economy despite being impacted by the growing pressures Lebanon is facing. In this context, Banque BEMO launches the “Industrial Excellence Award”, in partnership with the Faculty of Business Administration and Management (FGM) at Saint Joseph University (USJ), striving to instill in the

areeba and Discover sign Network Alliance Agreement

Agreement will increase international acceptance for all cardholders and provide additional payment options in the Lebanese payment environment BEIRUT, Lebanon & RIVERWOODS, Ill. areeba and Discover signed a strategic agreement that increases the global acceptance footprint for both organisations. The agreement gives Discover, Diners Club International, PULSE and Network Alliance cardholders the ability to use

BLOM Lebanon PMI: Macro highlights – October 2020

In its October World Economic Outlook, the IMF revised the Global growth in 2020 at -4.4% (the worst annual plunge since the Great Depression of the 1930s), reflecting better-than-anticipated second quarter GDP outturns in advanced economies where economic activities started to uplift. In this context, PMI index of the USA, Eurozone, UK, Russia and China

Credit Libanais and Beit Mery municipality launch “Baladiyat Online”

In line with Credit Libanais’ continuous effort to consolidate its position as a pioneer institution and role model in innovation, and in accordance with the bank’s strategy aimed at developing a cashless society and encouraging the establishment of e-government, the bank in cooperation with the municipality of Beit Mery and “Quick Solutions” and through its

United Arab Bank Partners with Trend Micro to Unlock USD 8 Billion MEA Banking Security Market

SHARJAH, United Arab Emirates – 1 November 2020– Trend Micro Incorporated (TYO: 4704; TSE: 4704), the global leader in cloud security, has announced that United Arab Bank’s security transformation is unlocking the region’s USD 8 billion banking security market. The Middle East and Africa’s banking and financial services sector, which faces three times the number of cyber-attacks as

A framework agreement of cooperation between IsDB and Standard Chartered Bank

IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank (SCB), signed a Memorandum of Agreement to participate in IsDB’s Restore Track Program aimed to supporting IsDB’s member countries’ private sector through stimulus packages to the economic sectors most impacted by the CoVID19 pandemic. This agreement leverages


Beirut, Lebanon – October 15, 2020 – Biometric fintech company Zwipe and Inkript, a digital security provider in the Middle East and Africa (MEA) region and a subsidiary of Resource Group, announce that they have launched a joint project to deliver the next generation contactless payments experience, Zwipe Pay ONE,  to banks across the Middle East. “Since

Bankmed: Appointment of Ms. Raya Haffar El Hassan to chair the Board of Directors and Mr. Michel Accad to lead the Executive Management

Bankmed S.A.L. (“Bankmed” or “Bank”) is pleased to announce that, following the election of a new Board of Directors for Bankmed, Ms. Raya Haffar El Hassan has been elected to chair the Board of Directors of the Bank, and Mr. Michel Accad has been appointed to lead the Executive Management. The appointments of both Ms.