07/07/2020
Saudi Arabia is more optimistic than the IMF about its economy
We believe in the resilience of the Saudi economy.
Retail Banking
07/05/2020
QNB 1st in MEA on The Banker’s list of ‘Top 1000 World Banks’
The recognition was based on a number of factors, including pre-tax profits, total assets, capital assets ratio, return on capital, return on assets, BIS total percentage, NPL percentage, loans to assets ratio, RWA density and cost to income ratio.
07/03/2020
S&P reaffirms Commercial Bank’s stable outlook
Commercial Bank currently enjoys strong credit ratings from all the major agencies
07/03/2020
CIB obtains $100m support loan from CDC
Loan forms part of executive management plans to strengthen CIB’s capital base, in preparation for expected economic recovery
07/02/2020
Big Bank Merger Points to Trouble at Heart of Saudi Economy
The crown prince’s grand transformation plan is under pressure and the financial industry is key to making it happen.
07/02/2020
Qatar’s banking sector needs further consolidation: Top bankers, analyst
Sharing his thoughts on the industry challenges, Omar said liquidity, revenue compression and credit quality are some of the major challenges being faced by Qatar’s banking industry.
07/01/2020
Qatar banks Al Khaliji and Masraf Al Rayan begin merger talks
The merger is subject to regulatory approval from authorities
07/01/2020
FEB refutes rumors of Egyptian banks funding GERD
Mohamed El-Etreby, FEB Chairperson stressed that there are no Egyptian banks, or banks operating in Egypt that purchased Ethiopian government bonds
06/30/2020
Qatar banking sector challenges to be cushioned by system’s resilience and strength: KPMG
Local financial institutions will need to be agile, flexible and willing to transform their business models and practices in order to succeed and secure their financial strength for future growth.
06/30/2020
QNB launches new contactless campaign for Mastercard cardholders
The contactless payment capabilities integrated into the current QNB cards in the market
06/30/2020
NCB-Samba merger to create national champion in banking
But the NCB-Samba merger is more than a tidy-up of historical loose ends.
06/29/2020
Ahli Bank seals strategic partnership with Dhofar Insurance
On the strategic tie-up, Hana Fahad Al Hinai, the DGM Retail Banking from Ahli Bank, said: "We are pleased to collaborate with the Dhofar Insurance Company.
06/29/2020
Egypt- CIB named Bank of the Year, Credit Agricole most efficient: Business News
The CIB scored the most points across the four indicators, outperforming other banks operating in Egypt that were able to lead one or more of these indicators.
06/29/2020
QIB recognised as 'Best SME Bank in Qatar'
It recognises financial institutions for their vision, execution capabilities and market leading propositions that make a real impact to the financial sector and its consumers.
06/29/2020
NCB-Samba merger will give it 'control' of Saudi corporate market
Balance-sheet gains and $210b in assets will certainly do a lot of talking
06/26/2020
Merger was a smooth affair: Barwa Bank Chairman
The merger of the two banks took place in a transparent and effective manner with the transfer of assets and liabilities of ibq to comply with Sharia principles
06/26/2020
Saudi lenders NCB and Samba are in early merger talks - sources
The merger is expected to create one of the region's largest banks
06/26/2020
Saudi Bank NCB Plans $15.6 Billion Takeover of Rival Samba
Move comes amid push for consolidation in Gulf finance world
06/24/2020
Dubai's Emirates NBD begins new round of job cuts -sources
“This has meant letting go of some of our colleagues as we right size to meet our anticipated future business needs, especially in the light of the economic forecasts that point towards challenging times ahead,”
06/24/2020
QIIB bags top certificate in protection of banking cards’ data for 5th year
QIIB invested heavily in cybersecurity and its various solutions.