10/24/2019
Al Wathbah, Meethaq SME and Najahi join in Riyada’s SME Forum
It is expected that this initiative will create 3,000 additional jobs in the SME sector.
Retail Banking
10/24/2019
RAKBank reports Dh839.4m nine-month net profit
Diversified income streams and decline provisions support profits
10/24/2019
Bank of Sharjah announces financial results for the period ended 30 September 2019
Net profit for the period ended 30 September 2019 reached AED 172 million
10/24/2019
NBB records 1.8% increase in net profits for the first nine months of 2019.
Operating income during the nine months witnessed an increase of 7.2% year-on-year to BHD 94.9 million (USD 252.4 million) compared with BHD 88.5 million (USD 235.4 million) for the same period in 2018
10/24/2019
Qatar's Commercial Bank still looking to sell United Arab Bank stake
Commercial Bank continued to classify its shares in UAB as an "asset held for sale"
10/24/2019
Noor Bank's profit rises 12% to AED 595 million
Noor Bank achieved a 15.2 per cent annualised return on shareholders' equity
10/23/2019
QNB announces financing of Baladna IPO subscriptions
QNB provides innovative ways to enable customers to register on all IPOs either for themselves or on behalf of their relatives and children.
10/23/2019
Saudi Arabia hires JPMorgan, Standard Chartered for $2.5 bln sukuk
Saudi Arabia has borrowed extensively over the past few years to offset the impact of lower oil prices on state revenue.
10/23/2019
Standard Chartered brings real-time onboarding to the UAE for the first time
Real-time Onboarding solution will provide Standard Chartered clients with instant credit card approval and digital cards in as little as 10 minutes
10/23/2019
Alinma Bank sustains growth in all activities
Net profit for the third quarter of 2019 was SR713 million.
10/22/2019
Gulf Bank wins ‘Best Nationalization Initiative in the Private Sector’ award
Bank recognized for Kuwaitization achievements at prestigious GOV HR summit
10/22/2019
Burgan Bank posts strong earnings with Q3’19 net income of KD 22.7m
9-month net income of KD 67.5 million, return on equity of 10.4%
10/20/2019
Global Finance Names NBK “Best Emerging Markets Bank” in 2019
NBK was selected based on the Banks performance over the past year and other criteria
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
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.