02/21/2019
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
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
General assembly also approves directors’ report and 40% cash dividend
02/20/2019
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
Net profit attributable to owners of the bank to $697million.
02/20/2019
Lenders’ assets grew to AED 2.913 trillion in January
02/18/2019
IB Capital acquires an additional stake in Solidarity Group Holding Capital
02/18/2019
Emirates NBD Capital has been appointed as the financial adviser and, together with Standard Chartered, as joint global coordinators.
02/18/2019
Saudi Aramco to add about dozen banks to list of bond managers
02/17/2019
Khalife: Award reflects the constant confidence the customers vest in NBK
02/17/2019
NBF scoops awards for the Overall Experience, Employee Engagement & Happiness, Employee Insight & HR Metrics and Best Emiratisation Initiative of the Year
02/17/2019
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
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
Lower provisions and cost reductions supported profit gains
02/14/2019
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
The signing ceremony took place recently in Dubai and was attended by the senior management of Daewoo E&C.
02/14/2019
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
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
Tighter monetary environment and growing loan defaults could put pressure on net interest margins
02/13/2019
Bank reiterates merger plans with ADCB to create ‘preeminent group’