02/07/2018
Egyptian Billionaire's Bank Seeks Acquisitions to Bolster Growth
The company is looking at acquisition opportunities in the leasing and consumer finance sectors in Egypt and might consider starting a micro-finance business, he said.
Retail Banking
02/07/2018
QNB Group Announced the Successful Closing of the Syndication for Its USD 3.5 Billion Three Year Senior Unsecured Term Loan Facility
The Group also announced that it had already repaid in full the earlier loan of USD3.0 billion syndicated loan prior to issuing the above mentioned new loan Facility.
02/06/2018
ABG Egypt net profits rises 42pc
Customer deposits increased by 17pc to EGP 44.2 billion at the end of 2017 compared to the end of previous year.
02/06/2018
UAE's FAB gets investment banking license in Saudi Arabia
Lender joins likes of Citi who are courting the kingdom for business
02/06/2018
Qatar National Bank raising $1.38 billion with private bond
The new private placement was upsized to $1.38 billion from the original amount of $1.3 billion, said the spokesperson.
02/06/2018
International Bank of Qatar Reports 11 Percent Growth in Net Profit for 2017
The bank’s total operating income has also increased by 13 percent against 2016.
02/05/2018
Gulf banks continue innovative funding run
Qatar National Bank has added to a busy run of funding with a$1bn two year private placement that it sold to a single investor
02/05/2018
Five Egyptian investment banks receive MENA Fund Manager Performance Awards
The MENA Fund Manager Performance Awards is the largest gathering of fund managers in the region.
02/05/2018
CBI 2017 net profit surges 40pc to $47.6m
This was driven by significant recovery efforts as well as net income growth due to better control over expenses and resource allocation.
02/05/2018
UAE's First Abu Dhabi gets securities licence in Saudi Arabia
FAB said last week that it was working on expanding its business in Saudi Arabia
02/05/2018
Bank Sohar wins coveted award from ROP
The award, which marks the bank’s 1st recognition in the year 2018, was presented to the bank in acknowledgement of the originality, effectiveness and overall success of its two year Road Safety campaign ‘RakizWaSouq’.
02/04/2018
Noor Bank opens new Bur Dubai branch
“While planning to establish a new branch, we carefully evaluated the location."
02/01/2018
Oman Arab Bank reveals Hasaad Savings Scheme for 2018
Amjad added, “We are very excited about conducting the January draws in the next couple of days and announce the names of the first batch of lucky winners in the 2018 Hasaad Savings Scheme.
02/01/2018
Dubai's Emirates NBD issues A$450 mln Kangaroo bond
This is the latest in a number of debt issuances in alternative markets by the bank
02/01/2018
Qatari Commercial Bank to strengthen economic ties with Turkey
Qatari lenders also focused on diversity in financing sources since the country was boycotted by those Arab countries.
01/31/2018
NBK Capital Partners exits $157m private debt fund
Alternative investment vehicle invested in mid-sized firms in the GCC and Turkey
01/31/2018
Commercial Bank has ‘sufficient potential to grow’ in Qatar: CEO
Commercial Bank’s countrywide network now includes 29 full service branches and 179 ATMs.
01/30/2018
Bank Sohar posts 33 per cent growth in net profit
"The bank has been consistent in maintaining exceptional financial performance because of our customer-focused strategies"
01/30/2018
Doha Bank unveils aggressive Asian expansion plans
The third branch will be opening soon in Chennai city of the Southern Indian state of Tamil Nadu soon.
01/30/2018
Commercial Bank plans to boost lending to state firms
The bank’s loan book expanded 14% last year, compared with 8% for the entire sector, Abraham said.