The banking sector in the Middle East is trailing behind global counterparts in expanding digital services. That’s according to a survey of corporate-banking customers by the Boston Consulting Group (BCG), which shows that many banks in the region have a limited online presence. The study also found that these slow-moving players’ profits could take a significant hit if they fail to catch up with competitors. More than 80% of respondents were ready to pay for additional online services, while over half of them were open to switching to banks with better digital capabilities.
IATA: Aviation sector contributes $92 billion to UAE economy
Nvidia faces $5.5 billion charge as US restricts chip sales to China
Chinese exporters on Rednote ask local consumers to buy goods meant for US
UAE, Japan boost energy and trade ties during ministerial talks
dnata handles over 1 million tonnes of cargo in Dubai in one year
