10/14/2020
Its US$46 billion market capitalisation nearly matches that of Qatar National Bank QPSC, which is still the Middle East's biggest lender with about US$268 billion of assets.
10/13/2020
The group of banks includes Citi, Standard Chartered, Barclays, Emirates NBD, First Abu Dhabi Bank, and Nomura
10/13/2020
The downgrade of the VR reflects heightened pressures on the bank's performance and asset quality resulting from the coronavirus pandemic.
10/12/2020
GCC economies to shrink on average by 5.6% y-o-y in 2020, before they rebound to show growth of 3.9% y-o-y in 2021, HSBC predicts
10/12/2020
Tie-up of the two lenders will create the third-largest bank in the Arab world with $223bn in assets
10/12/2020
The Gulf's biggest lender set aside additional loan loss provisions
10/12/2020
Saudi Arabia has encouraged consolidation in the banking sector as it seeks to create stronger entities able to support the role the private sector can play in its push to diversify its oil-dependent economy.
10/11/2020
The central bank will contribute to the capital of the new company, with a share of 35%, while banks, Al-Ahly, Egypt and Cairo and others will own the remaining share.
10/09/2020
The rebranding also reflects a shift in the bank's mindset toward product and service innovation
10/09/2020
Oman’s banks saw a decline in credit flow, revenue compression and significant increase in non-performing loans
10/09/2020
“This initiative is of great importance, especially as developing the environment for the banking sector with an advanced approach"
10/07/2020
In lights of the Covid-19 outbreak, QIB had a proactive response to the economic implications of the crisis on SMEs, and has immediately postponed financial
10/06/2020
A combination of Gulf banks with deep pockets and changes to Egypt’s banking regulations is spurring hopes
10/06/2020
smartSCF platform caters to the growing need for digitisation of supply chain management and financing.
10/06/2020
For first time, it will consider funding through direct or indirect ways to other business
10/06/2020
Bin Hussain: NBK is committed to supporting youth especially during this time of uncertainty
10/05/2020
UAE’s first e-commerce co-branded card Mashreq noon VIP Visa Card will be launched
10/05/2020
Total credit from national banks grew by 0.7% on a monthly basis, and 2.5% since the beginning of the year, to reach 1.61 trillion dirhams by the end of last July.
10/05/2020
The business will operate as Africa Re Underwriting Agency Limited (Africa Re) and the DIFC presence is their first office outside Africa.
10/05/2020
Enables corporate clients to optimise working capital and support suppliers with liquidity