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Retail Banking

11/02/2017

Slump in lending poses profit challenge for Saudi banks

The kingdom’s economy has fallen into recession as the oil sector has stagnated and the public sector is hit by austerity policies to curb a state budget in an era of lower oil prices.

11/01/2017

Oman to harness power of blockchain technology for economic development

The symposium is expected to attract over 700 delegates, including top decision-makers from a wide range of public and private sector organisations.

10/30/2017

Emirates NBD reports nine-month net profit of Dh6.17 billion, up 15 per cent

Higher net interest income, lower costs and provisions boost earnings

10/30/2017

KIB achieves KD 13.5m net profit for 9 months of 2017

The Bank’s investment portfolio increased by 18 percent to reach KD 84 million, compared to the same period last year.

10/30/2017

HSBC CEO says bank interested in financing Saudi NEOM project

It will create an enormous demand for the raw materials and the construction input to build a series of cities.

10/30/2017

Bahrain-based Bank ABC closes aircraft financing for DAE Capital

Bank ABC is a leading provider of specialised finance solutions in the Middle East.

10/29/2017

Al Ahli Bank of Kuwait-Egypt, EFG Hermes Financial Leasing Sign Cooperation Protocol To Support SMEs

Bank Is Considering Launching Several Initiatives To Provide Maximum Support To This Sector In Light Of Economic Developments

10/29/2017

Emirates Investment Bank Reports A 48.4 Per Cent Increase In Net Profits For The Third Quarter

Emirates Investment Bank Has Announced Its Financial Results For The Third Quarter

10/27/2017

Emirates NBD Selects NexJ for their Wholesale Banking Division

NexJ chosen to help the bank's Relationship Managers better understand customers, identify opportunities, and collaborate to increase sales efficiency and effectiveness.

10/26/2017

Lebanon's Bank Audi says net profit to end-Q3 up 8 pct

The bank said in the first eight months of the year deposits rose by $6.7 billion, which compared with a $5.5 billion increase in the same period last year.

10/25/2017

RAKBank Group reports Dh606.3 million nine-month net profit

Impairments declined 27.8% year-on-year in the third quarter of 2017

10/25/2017

QNB Group tops The Banker’s 100 Arab Banks list for 2017

The Bank maintains its commitment to long-term and prudent growth of Tier 1 capital, which continues to increase despite several challenges.

10/25/2017

Goldman Sachs to HSBC jostle for Saudi spoils in economy’s shift

The occasion: debating the opportunities created by the kingdom’s reform process while mingling with Saudi ministers of finance, energy, and commerce and the head of the country’s sovereign wealth fund.

10/25/2017

Saudi British Bank Meets Forecasts With 8.8 Percent Rise In Quarterly profit

SABB Is In Merger Talks With Local Peer Alawwal Bank

10/25/2017

First Abu Dhabi Bank posts Dh2.6 billion Q3 profit

FAB Was Created After The Merger Of National Bank Of Abu Dhabi And First Gulf Bank

10/25/2017

ABK reveals net profit of KD 22.1 mln in Q3 2017

Capital adequacy ratio was robust at 16.76 percent and Earnings per Share (EPS) stood at 14 fils, compared to 12 fils in 2016.

10/24/2017

Transaction banking is opening up at a fast pace

We need to see how real-time applications drive large banks towards becoming open platforms.

10/24/2017

Saudi Upgrade to Emerging Market Status From MSCI Is ‘Inevitable,’ HSBC Says

Stock buyers are already positioning themselves, bankers say

10/24/2017

UniCredit opens new branch in Abu Dhabi

UniCredit has chosen the Abu Dhabi Global Market, the region’s leading financial free zone, as a base for its new operation.

10/24/2017

Burgan Bank Group Announces 2017 First Nine Months Earnings

The strength of our operating capabilities is yielding strong performance that was reflected during the first nine months of the year.

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