10/28/2020
NBB reports $37.1m Q3 net profit
Operating income increased by 20.8% in the third quarter to BD33.7 million ($89.4 million) compared with BD27.9 million ($74 million) in the prior year period.
Retail Banking
10/27/2020
Ahli United Bank announces update on AUB Egypt acquisition
The Egyptian Financial Regulatory Authority (FRA) approved in September the purchase offer submitted by AUB Bahrain and Misr Strategia Investment (MSI) to acquire AUB Egypt.
10/27/2020
UAE's biggest bank FAB posts 19% drop in Q3 net profit
Third-quarter net profit was $682mln
10/27/2020
Arab Bank posts $215.2 million net profit in 9 months
The results also reflect the deterioration in the macroeconomic environment in the region and globally, the statement added, in addition to lower revenues because of the impact of the COVID-19 outbreak, lower market interest rates and weakening oil price
10/26/2020
QDB launches "KHOTWA" programme to support retirees projects
The programme aims to train and develop retirees and teach them basic entrepreneurial skills
10/26/2020
Saudi's Al Rajhi Bank reports 3% drop in third-quarter profit
The bank also attributed the decline in profits to a 39.9% increase in credit impairment charges to 465 million riyals.
10/26/2020
Standard Chartered Named Best Renminbi Bank In The UAE For The Second Consecutive Year
In 2019, the bank was awarded the title in eight markets globally and three markets regionally, including the UAE, Nigeria, and Pakistan.
10/26/2020
FAB is region's safest bank in 2020 - Global Finance
The UAE's First Abu Dhabi Bank (FAB) secured the first spot regionally and the 32nd spot globally in Global Finance' ranking
10/26/2020
Commercial Bank of Dubai partners with Al Fardan Exchange to promote eDirham Cards
Customers can visit Al Fardan Exchange to get a new eDirham Hala card or top-up their existing cards conveniently
10/26/2020
National Bank of Kuwait's Q3 net profit drops 38% on bad debt provisioning
NBK's posted a net profit of $188.54mln for the period ended September 30
10/26/2020
'Brands that embrace digital, purpose and agile are well positioned'
To limit the possibility of being infected with Covid-19, consumers are flocking to the web and their smartphones to buy products and services.
10/23/2020
RAKBank nine-month 2020 net profits down to Dh438.64m as provisions cross Dh1b mark
Lower non-interest rate income too proved a burden for Ras Al Khaimah bank
10/23/2020
Largest Russian Bank to open office in Abu Dhabi
The agreement covers cooperation in areas including co-investments, debt and equity financing, long-term financing of Mubadala projects in Russia and other territories.
10/23/2020
Largest Russian Bank to open office in Abu Dhabi
In late September, the state-owned bank signed an agreement with Abu Dhabi sovereign investor Mubadala Investment Company to "tap the potential of mutually beneficial opportunities ".
10/22/2020
Oman starts marketing two-part dollar bond issuance
Bank Muscat, Citi, First Abu Dhabi Bank, HSBC, Natixis, Societe Generale and Standard Chartered have been hired to arrange the deal, which is expected to close later on Wednesday.
10/21/2020
Qatar Islamic Bank markets five-year dollar sukuk - document
QIB gave initial price guidance of around 185 basis points over mid-swaps for the sukuk
10/21/2020
QDB extends coverage period of National Response Guarantee Program
To benefit from the programme, official representatives must communicate with the commercial or Islamic banks in which they hold accounts for the wage protection system and request for benefit must be submitted only through them.
10/21/2020
Ahlibank posts nine-month net profit of QR500.78mn
The non-Mena investors took 90% of the allocations.
10/21/2020
Egypt Looks South
While the global economy slows, Egyptian banks aim to expand their foothold in Africa and boost intraregional trade.
10/21/2020
TymeBank, UAE-based payments firm team up to target SMEs
Its partnership with SpaceX will provide satellite-powered Internet connectivity on Azure.