03/10/2020
Saudi banks’ net foreign assets down 51% in January
The value of foreign liabilities owed by Saudi banks rose by 68.8% to SAR 183.67 billion in January, compared to SAR 108.8 billion in the corresponding month in 2019.
Retail Banking
03/06/2020
Robust economic growth to support Kuwaiti banks, says Moody's
Lending to single borrowers and volatile real-estate sector pose substantial risks
03/06/2020
Dubai Islamic Bank shareholders approve Noor Bank acquisition
The deal comes after a wave of mergers in the UAE’s banking sector on the back of tougher competition and regulation, coupled with a slowing economy and a slide in house prices.
03/06/2020
Path Solutions, Kuwait-based company launches its digital banking suite
The digital revolution is impacting every part of our lives; banking is becoming a competitive battlefield where only the most efficient, adaptive, and inventive survives.
03/05/2020
Dubai bank Emirates NBD to reduce tariffs following UAE central bank initiative
Late last month, the UAE central bank urged banks to reschedule loans and reduce fees
03/04/2020
Abu Dhabi-based banks report Dhs40.3bn net income in 2019
Last year Abu Dhabi Commercial Bank officially merged with Union National Bank and the combined entity acquired Al Hilal Bank
03/03/2020
Abu Dhabi's FAB launches new payment service for merchants
Merchants can connect to the platform through a single API-driven integration
03/02/2020
Family Bank in Bahrain opens Seef headquarters
The establishment of the Family Bank as a first social bank in Bahrain in 2010 aimed to boost the social security network
03/02/2020
Standard Chartered sees 2019 MENA profits up 29%, warns of impact or coronavirus
British bank generates 68% if its revenue from Asia, particularly China
03/02/2020
Dubai’s DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform
The platform will make it easier for new companies to do business in the UAE, removing existing paper-based KYC processes
03/02/2020
UBF to promote transformation, growth of UAE banking sector
The Federation has an Advisory Council consisting of 28 Bank CEOs which oversees the implementation of the policies
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
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.