02/18/2019
Ithmaar Holding reports net profit of $10.06m for 2018
IB Capital acquires an additional stake in Solidarity Group Holding Capital
Retail Banking
02/18/2019
UAE's Emirates Development Bank hires arrangers for dollar bond
Emirates NBD Capital has been appointed as the financial adviser and, together with Standard Chartered, as joint global coordinators.
02/18/2019
StanChart, BNP Among Banks Likely to Be Added to Saudi Aramco Bond
Saudi Aramco to add about dozen banks to list of bond managers
02/17/2019
Global Finance awarded NBK ‘Best Private Banking Services’ in Kuwait
Khalife: Award reflects the constant confidence the customers vest in NBK
02/17/2019
National Bank of Fujairah cements leading status as best employer brand with wins at the Gulf Employee Experience Awards and Tawdheef 2019
NBF scoops awards for the Overall Experience, Employee Engagement & Happiness, Employee Insight & HR Metrics and Best Emiratisation Initiative of the Year
02/17/2019
Emirates NBD ranked UAE’s top banking brand with a value of US$4.04 billion
In addition to its brand engagement, Emirates NBD delivered a record set of results in 2018 net profit up 20% year-on-year to AED10 billion, underpinned by higher income and a lower cost of risk.
02/17/2019
Riyadh bank's 'coffee shop' branch helps lure new customers
Alawwal managing director Soren Nikolajsen says the Ibda cafe bank branch in Riyadh's Nakheel Mall is 'by far' the most active of the bank's branches, with a higher proportion of young and female customers
02/15/2019
Commercial Bank International’s net profit up 29% to Dh226m
Lower provisions and cost reductions supported profit gains
02/14/2019
Deutsche Bank seeks to rebuild in Middle East after cost cutting
Jamal Al Kishi, Middle East and Africa CEO, said Deutsche Bank said it expects to be involved in large financing deals and M&A
02/14/2019
KIB acts as lead arranger in a $ 200million financing for Daewoo Engineering & Construction
The signing ceremony took place recently in Dubai and was attended by the senior management of Daewoo E&C.
02/14/2019
Merging Qatar banks to cut more than 150 jobs, Barwa boss to be CEO
A shake-up has been long mooted in Qatar’s banking system, where 18 local and international commercial banks serve a population of around 2.6 million.
02/13/2019
Union National Bank continues to be a beacon of stable growth in the UAE
The consolidation of the UAE’s finance sector is helping to drive economic expansion in the country and beyond, with companies like Union National Bank employing innovative growth strategies for the good of the region
02/13/2019
UAE banking outlook: Big four may struggle to match double-digit gains made in 2018
Tighter monetary environment and growing loan defaults could put pressure on net interest margins
02/13/2019
Lower income pushes UNB profits down 28%
Bank reiterates merger plans with ADCB to create ‘preeminent group’
02/13/2019
AUB Kuwait records KD 51.3m in net profit
2018 another successful year for AUB; net profit grows 15.3% y/y
02/13/2019
QIIB engages in message of progress, positivity
A large number of QIIB executives and employees led by chief executive Dr Abdulbasit Ahmad al-Shaibei walked along the Doha Corniche, a popular destination for sport activities.
02/13/2019
Industrials, banking sell pressure weighs on Qatar bourse
Islamic equities were seen declining slower than the main index in the market, where local non-Qatari institutions turned bullish.
02/13/2019
Merging Qatar banks to cut more than 150 jobs, Barwa boss to be CEO - sources
Slow growth and subdued credit demand in the region is one of the biggest drivers of consolidation
02/12/2019
Ebdaa Bank-Bahrain for microfinance launches new website
Revamped website will focus on offering a comprehensive communication with borrowers and to provide a better service to customers
02/12/2019
Bank ABC Announces Net Profit of US$202 Million
Mr. Saddek Omar El Kaber, commented that “The Board is pleased with the continuing improving performance trend of the Group in 2018,