12/19/2019
Gulf banks’ assets jump 3.1% to $2.3trln in third quarter
Each of the six GCC countries showed an increase in net loans and customer deposits: Kamco Research report
Retail Banking
12/18/2019
Despite Its High P/E Ratio, Is Abu Dhabi Commercial Bank PJSC Still Undervalued?
That corresponds to an earnings yield of approximately 10.7%.
12/18/2019
Qatar economic growth to continue in 2020, says Commercial Bank CEO
This year, it was 2.6% and is expected to reach 3.2% – we are on a very improving trend.
12/18/2019
Biggest Saudi bank pulls plug on $271b merger plan with rival
Saudi Arabia - where almost 30 local and international lenders serve more than 30 million people - is exploring potential mergers to boost its financial services sector after the combination of Saudi British Bank and Alawwal Bank.
12/17/2019
Emirates NBD: the value of rewards
Therefore, the program has been developed to provide rewards to cover major essential expenses such as groceries, fuel and utilities.
12/17/2019
Saudi Arabia's largest lender abandons potential merger
The boards of National Commercial Bank and Riyad Bank agreed to abandon tie up that would have created regional behemoth
12/17/2019
HSBC helps Omani businesses go global
These firms include the upper end of the small and medium-sized enterprise (SME) segment
12/17/2019
First Abu Dhabi Bank further expands in Saudi Arabia with the opening of Jeddah branch
Bank commencing operations in Riyadh and Al Khobar earlier in 2019
12/16/2019
Egypt- Sarwa Capital closes EGP 1.8bn securitisation bonds
The issue has seen strong demand from institutional investors and banks which reflects investor confidence in Sarwa Securitization issuances as the leading private issuer of bonds in the market, the first and largest issuer of securitization bonds, and th
12/16/2019
UAE's largest bank expands further in Saudi Arabia
New branch opening in Jeddah follows initial operations in Riyadh and Al Khobar earlier in 2019
12/13/2019
Consumer optimism in the GCC hits new high
E-commerce across the Middle East surged by as much as 1,500%
12/13/2019
UAE to create 8,000 banking job opportunities by 2022
Jamal Al Jassmi, General Manager at EIBFS stressed the committee’s keenness to adopt several initiatives aimed at attracting citizens to work in the banking and insurance sectors
12/11/2019
Mashreq’s NeoBiz offers integrated accounting solutions
Zoho’s software will deliver banking and accounting on a single platform
12/11/2019
ICICI Bank unveils new center in Bahrain with retail, corporate banking facilities
The new service center will offer services for all the products offered by the Manama branch, except cash deposit and withdrawal facilities.
12/11/2019
NBB takes the lead as the first bank in the MENA region to launch open banking solutions
NBB has spearheaded the development of Open Banking technologies following the regulatory mandates set by the CBB in November 2018 which urged all banks in the Kingdom to adopt Open Banking in line with its long term vision for customer transparency, effi
12/10/2019
Morocco’s Bank Profits Exceeded $1.1 Bn by End of September
During this period, the banks strengthened their capital in the context of the gradual implementation of the new precautionary measures for the banking sector.
12/10/2019
Saudi Arabia’s largest banks to remain profitable despite margin pressures
Moody’s stated that fee-based income will start to stabilise over the coming quarters as fees attached to rising consumer lending and mortgages offset lower trade and foreign-exchange income.
12/10/2019
Ecobank wins Bank of the Year and Best Bank in prestigious London awards ceremonies
Ecobank (www.Ecobank.com) wins “Bank of the Year” and “Best Bank” at The Banker and EMEA Finance Awards in London.
12/09/2019
QNB banks on its capital strength to grow balance sheet in ‘controlled’ way
This plays an important role in our approach to financing and how we operate as a business, ensuring we work in the most ethical and efficient way.
12/05/2019
Warba Bank grabs two awards from CPI Financial
Al Shareef elaborated that Warba Bank was amongst few banks on regional level that met the terms to apply for the award; it has fulfilled all the criteria of CPI Financial related to the Bank experience during the last three years.