Bank ABC Appoints Paul Jennings as Group Chief Executive Officer Effective August 2026
Bahrain-based Bank ABC named Paul Jennings, currently CEO of British Arab Commercial Bank, as Group CEO from 5 August 2026, with Central Bank of Bahrain approval already received.
Citi Appoints Karim Tannir as Middle East and Africa Cluster and Banking Head Based in Dubai
Citi has hired HSBC's head of banking for the Middle East, North Africa and Türkiye, Karim Tannir as its Middle East and Africa Cluster and Banking Head, based in Dubai from August 2026.
BNP Paribas Agrees to Sell 67% Stake in Morocco's BMCI to Holmarcom Finance Company
BNP Paribas has agreed to sell its 67% stake in Moroccan lender BMCI to Holmarcom Finance Company, which BNP Paribas presented as part of its portfolio simplification and capital optimisation strategy.
Egypt's Lucky Raises $23 Million Series B to Drive North Africa Credit Expansion
Egyptian consumer credit fintech Lucky has closed a $23M Series B combining equity and debt, led by Disruptech Ventures and DPI Venture Capital via Nclude, to expand into North Africa.
Morocco's z.systems raises $1.65 million as start-ups race to digitise corner shops
The Casablanca-based B2B platform's new round, led by Azur Innovation Fund, comes as WafR and Woliz also raise capital to serve Morocco's roughly 126,000 hanouts.
Bank Nizwa Elevates Tariq Atiq to Acting CEO Following Departure of Khalid Al Kayed
Oman's Bank Nizwa named Tariq Atiq Acting CEO in April 2026, months after he joined as Deputy CEO, succeeding Khalid Jamal Al Kayed at the Islamic lender.
Khaleeji Bank Appoints Abdulkarim Mohamed Alzakari as Acting CEO in Bahrain
Bahrain's Khaleeji Bank named former CFO Abdulkarim Mohamed Alzakari as Acting CEO, following the resignation of CEO Sattam Algosaibi on 31 March.
RBI Approves Emirates NBD's Acquisition of Up to 74% Stake in India's RBL Bank
The Reserve Bank of India has approved Emirates NBD's acquisition of up to 74% of RBL Bank at INR 280 per share, with the preferential issue for about 60% worth approximately $3 billion.
Central Bank of Egypt holds rates at 19% and 20% in April 2026 as inflation rises
The CBE kept its overnight deposit and lending rates at 19.00% and 20.00% on 2 April 2026, pausing its easing cycle as inflation rose.
Tabby's Saudi Subsidiary Reports FY2025 Revenue of $378 Million in Second Consecutive Profitable Year
Tabby Financing Company posted $378 million in 2025 revenue, up 42%, and a net profit of $55 million, though net debt of $689 million exceeded SAMA's regulatory ceiling.
KFH Capital Appoints Abdullah Sulaiman Al-Haddad as Chief Executive in Leadership Transition
KFH Capital, the investment arm of Kuwait Finance House Group, named Abdullah Sulaiman Al-Haddad as CEO in April 2026, drawing on his experience as KFH Group Chief International Banking Officer.
Qatar Islamic Bank Wins Global Finance's Top SME Honor
Qatar Islamic Bank has been named Best SME Bank in the Middle East and Qatar by Global Finance's 2026 awards, highlighting its digital innovation and Shari’a-compliant solutions for businesses. The recognition underscores QIB's role in supporting Qatar's economic diversification.