02/27/2019
Purchase of Leumi Card completed by Warburg Pincus
The fund has chosen leading strategic partners for the deal: Menorah Mivtachim, Clal Insurance & Finance and Allied Group
Retail Banking
02/26/2019
First Abu Dhabi Bank plans to issue $2-$4b in bonds in 2019-CFO
Bank expects high single-digit loan growth in 2019
02/26/2019
Bahrain's Bank ABC aims to expand footprint in Mena with acquisitions
The lender is 'well capitalised' and capable of funding acquisitions from its own balance sheet, deputy group CEO says
02/25/2019
Saudi Arabia’s central bank governor ‘does not see more bank mergers’
Kholifey says he doesn't expect there to be any deflation
02/24/2019
Emirates NBD Group recognised at Gulf Customer Experience Awards
Bank wins four awards, recognised for transformational efforts towards customer service excellence
02/21/2019
QIB lays strong foundation for digital banking lead: Sheikh Jassim
At the ordinary annual general meeting, QIB shareholders approved the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, which translates into QR5 per share.
02/21/2019
BBK Partners with Intellect's Digital Transaction Banking for Digital Transformation of its Transaction Banking Business
iGTB is the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing B2B Fintech product company with CAGR of 21% over three years.
02/21/2019
Emirates NBD approval for debt, equity funding renewed
General assembly also approves directors’ report and 40% cash dividend
02/20/2019
Burgan Bank reports record profits of KD 82.6m in FY 2018, growth of 26.6%
Burgan’s Board of Directors has proposed a cash dividend of 12 fils per share and 5 percent bonus shares, subject to shareholders’ approval at Burgan’s Annual General Meeting.
02/20/2019
Ahli United Bank reports a 12.7% surge in 2018 net profit
Net profit attributable to owners of the bank to $697million.
02/20/2019
UAE bank assets rise 1.2% in January: Central Bank
Lenders’ assets grew to AED 2.913 trillion in January
02/18/2019
Ithmaar Holding reports net profit of $10.06m for 2018
IB Capital acquires an additional stake in Solidarity Group Holding Capital
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