10/17/2019
Dubai’s Biggest Bank Plans $1.76 Billion Rights Share Sale
Emirates NBD to offer 758.8 million shares at 8.5 dirhams each
Retail Banking
10/17/2019
ENBD launches rights issue to raise $1.75bn
The new shares will be allocated to eligible persons on Monday, 25 November 2019.
10/16/2019
Interview: UAE's RAKBANK ups fintech game for money transfers, renews SME focus, says CEO
We have a much bigger balance sheet now, and we have grown in other areas of banking, says RAKBANK CEO Peter England
10/16/2019
Bank Muscat net profits in nine months
Bank Muscat has announced its preliminary results for the nine months ended on September 30, 2019.
10/16/2019
Who is Abdul Aziz Al Ghurair, the new chairman of Mashreq bank?
Son of Mashreq bank’s founder will steer the company through the digital transformation
10/16/2019
Al Khaliji net profit rises 6% to QR497mn in third quarter
We continue to focus on our domestic market in Qatar, selectively capitalising on opportunities and diligently managing our margins.
10/15/2019
Barwa Bank announces October draw winners for Thara'a savings account
On a monthly basis, there are 42 winners per draw for the cash prize of QR5,000 each, as well as two winners per draw for the cash prize of QR10,000.
10/15/2019
NBK, the only Kuwaiti bank among the world’s 50 safest banks in 2019
Recognition demonstrates NBK’s exceptionally strong ratings, and successful strategy
10/15/2019
Commercial Bank of Dubai adopts the Microsoft Cloud to accelerate digitization
Commercial Bank of Dubai will be amongst the early adopters of Microsoft's UAE cloud regions to avail high performance, security, compliance and data residency
10/15/2019
Romanian lender BCR to sell headquarters in downtown Bucharest to Arab investor
Both buildings are likely to be sold by the end of this year
10/15/2019
Mashreq profit hits Dh1.76b
The bank said its non-performing loans to gross loans ratio decreased slightly from 3.5 per cent in June
10/14/2019
JP Morgan sees long-term growth in Middle East business after record year
A rise in debt issuances, M&A deals and growth in brokerage business is helping JP Morgan grow its business in the oil-rich economies of the region
10/11/2019
Bahrain Credit Drives Digital Transformation with Veeam
Bahrain Credit’s priority has been the digitisation of its services to extend greater conveniences to its customers, while catering to Bahrain’s growing demographic of young, tech-savvy digital natives.
10/10/2019
NBK reports 10.9% increase in net profit
Although there has been slower demand for credit in Kuwait, we have seen growth in our loan book, and we expect this trend to continue until the end of the year.
10/10/2019
Boubyan Bank posts net profits of KD 45m for period ended 30 Sept
Boubyan was named the Best Islamic Digital Bank in the Middle East by Global Finance.
10/09/2019
Bank ABC Wins the Most Innovative Arab Bank of the Year Award
Bank ABC has been awarded “Most Innovative Arab Bank of the Year” at the FinX Awards 2019, organised by Fintech Galaxy, a digital crowdfunding platform
10/09/2019
Mashreq Bank Partners With Avaya And Koopid To Bring AI To The Heart Of Customer Experience
The solution paves the way for the bank to open new channels whilst allowing its customers to complete banking transactions.
10/08/2019
Emirates NBD wins award for corporate volunteering
Husam Al-Sayed, group chief human resource officer, Emirates NBD, said: “Emirates NBD is deeply honored to be named an IMPACT2030 Innovation Award winner
10/08/2019
Commercial Bank targets Qataris with premium Sadara Youth service
Within the ‘Sadara Youth’ app, users can access the augmented reality ‘Quest’ function to find further available instant discounts and offers.
10/08/2019
QNB builds on ESG feats to be among top global peers: MSCI
MSCI started covering QNB in October 2015 with ‘BB' rating and in 2016 and 2017, it became ‘BBB' and in August 2019, it was upgraded to ‘A' rating due to ‘strong position for meeting digital banking challenges'.