02/27/2020
UAE banks invested Dhs141bn in Q4 2019 across the GCC
Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment
Retail Banking
02/27/2020
Profitability at the UAE's four largest banks to remain resilient in 2020
The banks will benefit from solid public-sector loan growth this year, according to Moody’s
02/27/2020
QIB named Qatar’s ‘Best Digital Bank’, awarded ‘Best Mobile Banking App’
QIB has been at the forefront of digital banking, transforming the Bank’s personal and corporate banking products, ultimately redefining banking habits in the country.
02/26/2020
Trade Bank of Iraq showcases investment opportunities in Iraq at Global Trade Review MENA 2020 summit
Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector
02/25/2020
Net Income of Al Baraka Banking Group reaches US$ 180 million in 2019, with total assets exceeding US$ 26 billion
Total assets increased to exceed US$ 26 billion at the end of December 2019 compared to end of December 2018.
02/25/2020
Bank Muscat launches new $28.5mln Al Mazyona 2020 scheme
Bank Muscat has lined up the largest number of high-value prizes in the country with 6,677 winners all set to be rewarded for their savings habit in 2020
02/25/2020
HSBC’s Saudi Arabia affiliate seeks to boost corporate lending
Saudi British Bank, which is 29 per cent owned by HSBC, completed the acquisition of Alawwal Bank last year to create the kingdom’s third-largest lender
02/25/2020
First Abu Dhabi Bank expects to finish due-diligence on Bank Audi's Egypt business by Q2
United Arab Emirates’largest lender First Abu Dhabi Bank is in talks to potentially acquire the Egyptian subsidiary of Lebanon’s Bank Audi.
02/25/2020
The Oldest Private Bank In UAE Taps Blockchain To Enhance Client Security
Aside from being the first UAE bank to install ATMs and the first to issue debit and credit cards, the large bank will lead in blockchain adoption in the region, as well.
02/24/2020
UAE banks lay off 930 employees, close 49 branches
The Central Bank of the UAE says that it is monitoring the downsizing situation in the financial sector.
02/24/2020
NBK Offers Largest NFC-capable POS Network in Kuwait
95% of NBK's Network to be NFC-enabled in 2020 for a better payment experience
02/24/2020
RAKBank offers free account transfers to any bank in the Philippines
RAKMoneyTransfer services will enable customers to make instant money transfer
02/21/2020
ENBD wins ‘Best SME Bank of the Year’ at IFM Awards
Emirates NBD has created several initiatives as part of its commitment to further growth in the UAE SME sector.
02/21/2020
Ithmaar Bank reports stable, consistent growth
The announcement, by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Board of Directors of the Bank's consolidated financial results.
02/21/2020
Banque du Caire posts 60% rise in net profit in 2019
The bank’s assets grew by 10% year-on-year
02/20/2020
Commercial Bank of Kuwait incurred loss in Q4
Total assets grew by 9.1%
02/20/2020
Abu Dhabi Islamic Bank to cut jobs as it seeks to save $136m
The UAE economy is coming under pressure from regional geopolitical tensions and weak domestic demand, while business conditions worsened for the first time in over a decade.
02/20/2020
Standard Chartered commits USD75bn towards Sustainable Development Goals
Bank also commits to net zero carbon emissions from its operations by 2030
02/19/2020
Doha Bank’s exceptional feats honoured at NABS awards
“Indeed, Doha Bank has been one of the primary providers of trade finance services in the local, Middle East, and international markets for more than 40 years.
02/19/2020
Commercial Bank Financial Services launches 'margin trading' product
CBFS’s launch of margin trading facility marks a new achievement for the bank and its brokerage subsidiary, and further enriches our wealth management product offering.