05/31/2019
UAE tops in bank assets in GCC at $682bln
The top 10 banks in the GCC grew their assets by 1.7% during the quarter accounting for 53.3% of the total GCC banking sector assets
Retail Banking
05/30/2019
Kuwait International Bank starts marketing $300mln sukuk
Citigroup, Dubai Islamic Bank, First Abu Dhabi Bank, KAMCO Investment Co, KFH Capital Investment Company, and Standard Chartered Bank have been hired to lead the transaction
05/30/2019
Dubai CBD denies M&A activity saying it is focused on growth
Reports suggested that shareholders of the bank may opt to sell stake to encourage CBD merger with other lenders
05/30/2019
Standard & Poors' reaffirms Al Baraka Banking Group's rating
S&P commented that ABG's strength was its superior geographic diversification when compared to its peers
05/29/2019
Mashreq launches banking services on WhatsApp
Current and potential customers can interact and transact instantly with Mashreq, through WhatsApp's instant messaging services
05/23/2019
Ripple making serious remittance inroads with Middle East banks
SABB and IndusInd are working with Ripple to develop sophisticated payment solutions
05/23/2019
GCC bond and sukuk issuance surged by USD 32 billion in Q1 2019 - NBK Research
Global and regional yields trended lower in the first quarter
05/23/2019
NBK Shares Iftar & Suhoor Banquets with Kuwait University Students in Kaifan and Shuwaikh Student Residence
The initiative aims to engage with students in an authentic ambiance and traditional Ramadan essence to make up for being away from their own families during the holy month and as a way to express our deep-rooted Kuwaiti customs
05/23/2019
Emirates NBD lauded for digital transformation
Awards recognise Emirates NBD’s best-in-class capabilities in cloud innovation
05/22/2019
Abu Dhabi banks report robust profits in Q1
Nine listed-banks have reported a net profit of AED 5.63 billion for the first quarter of 2019
05/22/2019
KHCB announces readiness for open banking services
Through the implementation of this service, KHCB will be able to accept requests to share account information and process payment procedures with other banks and institution in the frame of open banking.
05/21/2019
National Bank of Bahrain launches online trading platform
The trading platform offers minimum upfront investment costs and a more simplified way for customers to access the market from wherever they are.
05/21/2019
Ajman Bank launches Makaseb Real Estate Investments
The investment was financed through a combination of equity and a Sharia-compliant financing facility, with Ajman Bank participating in the transaction as a strategic seed investor and sole financier.
05/20/2019
Diversification of business mix brings stability to income streams
Net interest margins to remain high, but to graduate downwards
05/17/2019
Unlocking the future of cross-border payments
Corporate clients demand faster payments that are transparent, predictable and lower in cost.
05/17/2019
NBB forges ahead with open banking in Bahrain
The bank says the move reflects is commitment to transform and diversify its business through investment in digital infrastructure and services.
05/16/2019
NBK wins global best innovation for real time payment tracker
Global Finance Magazine’s annual survey
05/16/2019
Enjoy convenient access to finance in the UAE
The UAE has a pro-business culture and environment
05/16/2019
NBK- Egypt reports net profits in 1Q 2019 growing by 2.6% YoY
Al-Sager: NBK-Egypt is one of the most important branches for the Group as it plays a vital role in achieving our income diversification strategy.
05/16/2019
QNB opens new branch at Msheireb Metro station
The Msheireb station is located at the heart of the Doha Metro, with the Red, Green and Gold lines all meeting at this point, and represents one of the world’s biggest Metro stations.