02/21/2018
ABG total assets rose 9pc to exceed US$25bn
Total operating income decreased by 7pc to reach US$1 billion and net operating income decreased by 15pc to US$430 million from the year 2016.
Retail Banking
02/21/2018
Qatar’s Commercial bank to pull out of Abu Dhabi-based UAB
Commercial Bank argued that the move to pull out of UAB is not dictated by the current diplomatic row opposing Qatar and its neighbors, namely the UAE, Saudi Arabia, Bahrain plus Egypt.
02/20/2018
European Tour assures total commitment to Qatar
The Qatar Masters has played an important role in the region for 20 years as far as raising the profile of golf is concerned.
02/19/2018
Qatar National Bank to sell small stake in Egypt unit to comply with listing rules
QNB plans to reduce its 97.125% stake in QNB Alahly to 95%.
02/19/2018
Barwa Bank wins 2 titles at Global Banking & Finance Awards 2017
The two coveted titles add to a slew of awards and recognitions that Barwa Bank has garnered over the years
02/19/2018
Dubai's Emirates NBD said to plan bid for Turkey's Denizbank
Sources say Dubai's biggest bank is preparing to make an offer in March
02/19/2018
FAB Launches ‘Payit, UAE’s First Fully-featured Digital Wallet
http://www.dubaichronicle.com/2018/02/19/fab-launches-payit-uaes-first-fully-featured-digital-wallet/
02/18/2018
Bank Sohar continues to expand ATM network
The expanding network of ATM facilities follows through on the bank’s customer-oriented strategy to bring added banking convenience to its clients across Oman.
02/16/2018
Banking on Kuwait's Local Market
Al Ahli Bank of Kuwait’s CEO, Michel Accad, opens up about his country’s economic role in the Arab world and why the Gulf nation might never achieve all its lofty aspirations.
02/15/2018
Egypt's Biggest Bank Seeks $500 Million Loans, Eyes Saudi Market
Lender seeking to secure $500 million in loans by June
02/14/2018
Burgan Bank 2017 income tops $214m
The high quality earnings clubbed with across the board efficiencies, enabled the bank to grow its operating profit by 8 per cent year-on- year
02/14/2018
UAE's First Abu Dhabi Bank launches its Global Investment Outlook 2018
Report examines current global economic and investment environment
02/13/2018
UAE banks seen turning the corner in 2018 as loan demand strengthens
Analysts expect high single digit loan growth in 2018
02/13/2018
Emirates NBD ranked UAE’s top banking brand for 2nd consecutive year
The Bank has been ranked second among all banks in the Middle East and Africa region, and was also recently named The Banker’s ‘Bank of the Year – UAE’ for the third consecutive year.
02/13/2018
Bank ABC 2017 net profit up six per cent YoY
Bank ABC has announced its results for the year ended 31 December 2017.
02/13/2018
Saudi Riyad Bank's Q4 profit up on lower impairment charges
Three analysts polled by Reuters had on average forecast the bank’s quarterly profit at 732.1 million riyals.
02/12/2018
Barclays Bank faces fresh SFO charges over 2008 fundraising
Both Barclays and its bank unit have said they will defend themselves against the charges.
02/12/2018
Bank ABC 2017 net profit up 6pc to $193m
Operating expenses were at $462 million,$26 million higher than last year
02/11/2018
Emirates NBD main sponsor of Indian trade fair in Jeddah
Emirates NBD has also marked the commencement of operations in India with the inauguration of its first branch in Mumbai.
02/09/2018
CBD 2017 profit surges 9.4pc to $474m
CBD’s Capital Adequacy and Tier 1 capital ratios were at 15 per cent and 13.9 per cent, respectively, and were significantly above the regulatory thresholds of 10.5 per cent and 8.5 per cent mandated by the UAE Central Bank.