11/24/2019
National Bank of Kuwait Sells $750 Million in Perpetual Bonds
Kuwait’s Public Institution for Social Security owns 5.53% of the shares of NBK as of December 31, 2018.
Retail Banking
11/21/2019
Emirates NBD raises $1.76 bln in an oversubscribed rights issue
Dubai's largest lender said the deal saw strong demand from the United Arab Emirates (UAE), as well as from Middle Eastern and international investors.
11/20/2019
Loans: Business and retail credit demand in UAE to pick up
UAE Central Bank survey shows credit conditions to remain supportive
11/20/2019
Saudi Arabia doubles the amount banks can lend for Aramco IPO
Lenders will be allowed to give corporate and institutional customers higher leverage ratios based on each customers creditworthiness, the sources said.
11/19/2019
Noor Bank raises AED646 million for Rasmala long income fund
The Fund provides wide exposure to a portfolio of long-lease properties, aiming to generate regular income whilst preserving capital over time.
11/18/2019
Burgan Bank record one of the strongest third quarters
Maintaining stable margins has been another key focus point for Burgan.
11/18/2019
NBK-Egypt reports KD 30 million in net profits
Al-Bahar highlighted that the profit growth in 1H2019, mainly driven by operating income, also reflect the stability of the Egyptian economic environment as well as NBK Group’s insightful long-term investments strategies in the Egyptian market.
11/18/2019
United Arab Bank records loss in 9 months
Operating profit increased by 12% during the third quarter of 2019
11/14/2019
Abu Dhabi Islamic Bank to discuss raising foreign ownership limits
Foreign ownership limits were last increased in November 2018 to 25%
11/12/2019
Ithmaar Bank continues to report increasing profits
Further improvements on already strong liquidity
11/12/2019
Abu Dhabi Islamic Bank posts 5.2% increase in quarterly profit
The Shariah-compliant bank said its credit provisions and impairments rose by 20.8% to 207.5 million dirhams.
11/12/2019
Qatar- Commercial Bank wins two key accolades at Asian Banker's Awards 2019
Qatar's first private bank is winning the awards for the fourth year in a row
11/07/2019
Bahrain's Al Salam Bank net profit surges 19%
Operating income grew by 32%
11/05/2019
Emirates NBD offers instant account opening on mobile
Customers also stand to win Mercedes Maybach S-650 cars and Omega Speedmaster watches
11/04/2019
Noor Bank, Smart Dubai explore latest innovations in banking
The Noor Business Council offers a prominent platform for exchanging insights and expertise on the matter, and we are delighted to be part of that conversation.”
10/31/2019
Residential communities and cultural attractions drive growth for Saadiyat Island: report
Cavendish Maxwell, a property consultancy and chartered surveying firm in the Middle East, released a special focus report on Saadiyat Island, the cultural mainstay of Abu Dhabi.
10/31/2019
Zahran: KFH is on track in promoting synergy among the group's banks
Al-Mukhaizeem: The success of the digital transformation strategy in the Group is a qualitative move in rolling out digital financial solutions
10/31/2019
National Bank of Fujairah plans to set up SME banking platform
The platform will be an exclusive digital space co-created with SMEs to understand and address their needs.
10/30/2019
Ithmaar Bank launches WhatsApp chat service
Customers will be able to request for information about Ithmaar Bank products and services
10/30/2019
S&P maintains Gulf Bank of Kuwait's ‘A-’; outlook stable
The rating reflected the GBK’s position as Kuwait’s fourth biggest commercial bank