03/21/2018
Mashreq agrees Alipay payment partnership
Recent developments like visa on arrival will add further impetus to the growing number of Chinese tourists in the country.
Retail Banking
03/21/2018
Standard Chartered re-aligns Commercial Banking, Private Banking and Wealth reporting lines
Anna Marrs to leave the Group in September 2018
03/19/2018
UAE to introduce new interbank rates system on April 15- sources
The new system will shrink the panel of banks whose quotes are used to calculate the rates to eight banks from 10, the sources said.
03/14/2018
Khaleeji Commercial Bank's CEO to formulate new three-year strategy
Mr Al Gosaibi will take charge as CEO on April 1.
03/14/2018
BBK co-founding partner of Bahrain Fintech Bay
This move comes in line with the Bank's vision to consolidate technology development and benefit from modern technologies to deliver products and services to its customers in the most innovative and efficient manner.
03/14/2018
Abu Dhabi banks earned over $8bn in 2017
Q4 saw the best performance, with net earnings of $2.13 billion
03/12/2018
IPOs, M&A set to drive busy year for Middle East deals
Private sector mergers and state sell-offs as part of privatisation plans will accelerate, according to JPMorgan Chase & Co
03/12/2018
Mashreq to participate in Careers UAE for the 18th consecutive year
Our training programmes are designed to equip talented Emiratis with the right training and tools to develop their career.
03/08/2018
CBB launches financial institutions secure private network
The introduction of this new network is a conscious move to further strengthen the system resiliency and aligning it with global payment system best practices.
03/08/2018
Bank Muscat launches $500m bond
Bank Muscat has taken orders north of $1bn for its new five year RegS dollar bond on Wednesday, allowing the leads to launch the deal a the tight end of final guidance.
03/08/2018
Creditors look to sell Saudi Arabia's Al-Gosaibi debt on rising price -sources
There have been signs of a breakthrough in the ensuing debt stand-off in recent months as Saudi Arabia seeks to create an investor-friendly climate to push through economic reforms.
03/07/2018
ICBC lists 2 bonds on Nasdaq Dubai
ICBC, the world’s largest bank by assets, set up its Dubai branch in 2008, which is the first branch set up in the Middle East by a Chinese bank.
03/06/2018
ABK-Egypt’s net operating profit grows 206%
Total assets increase by 40% year-on-year in 2017
03/06/2018
Commercial Bank to increase investment in Turkish subsidiary
Alternatif Bank has the full support of Commercial Bank and we have made a lot of progress in the last year in terms of greater collaboration and integration.
03/06/2018
Doha Bank wins ‘Best Local Bank in Qatar’ award
We have earned the reputation of being one of the leading financial institutions in the country and it comes with the responsibility of constantly evolving with changing demands and introducing in-trend products and services.
03/05/2018
UAE non-oil growth slows to five-month low, says Emirates NBD
Output growth slowed to a nine-month low during February and weaker growth weighed on business confidence
03/04/2018
Doha Bank’s Seetharaman chosen ‘CEO of the Year’
He gave insights into the future trends impacting digital space and the challenges faced in digital economy.
03/02/2018
Bank Muscat mandates banks for dollar bond issue
Bank ABC, Bank Muscat, Citigroup, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC and ICBC Standard Bank will act as joint lead managers and bookrunners
03/01/2018
Bank of New York Mellon Corp plans to set up Saudi office: sources
BNY Mellon already handles overseas funds held by Saudi government-linked entities from outside the kingdom but opening an office in Riyadh will enable it to work more closely with its clients and solicit new business, the sources said.
02/28/2018
Deutsche Bank planning UAE hires
Deutsche Bank’s expansion plans for the Middle East come as the lender is said to have started cutting at least 250 jobs globally