07/25/2017
DIFC a hit with Chinese, Indian financial firms
In new Asia approach, the centre is targeting more financial institutions from Japanese and Korean firms
Retail Banking
07/25/2017
Saudi bank SABB says Q2 net profit falls 1.9 pct on bad debt charges
The bank to post an average net profit of 1.01 billion riyals for the quarter.
07/24/2017
Saudi's NCB Q2 net profit flat, operating income down
SICO Bahrain forecast NCB would make a quarterly profit of 2.63 billion riyals.
07/24/2017
Emirates NBD debuts FaceBanking on online banking platform
The new platform includes a range of features, allowing users to personalise their profiles with images and links to their social media.
07/24/2017
Arab National Bank reports a profit
Arab National Bank announces the interim financial results for the period ending on 30 June 2017.
07/24/2017
Doha Bank announces winners of Al Dana scheme
The fourth monthly draw of the year crowned a total of 19 winners, including S Ali, who took home the QR1m mega prize.
07/23/2017
Commercial Bank of Kuwait sees 82 per cent net profit decline
Commercial Bank of Kuwait announced its financial results for the half year ended 30th June 2017.
07/23/2017
Ahli United Bank (Kuwait) achieves KWD 26.5 million net profit for first half of 2017
Ahli United Bank announced its results and financial statements for the first half ending on 30 June, 2017, following the endorsement of the statements by the Bank’s Board of Directors and the approval of the Central Bank of Kuwait.
07/23/2017
QNB Group Commences Operations in India
It is the world’s second most populated country and the fastest growing major economy.
07/21/2017
Burgan Bank announces 2017 first half earnings – Group reports net income of KD 38.9 million
The strength of our operating capabilities is yielding strong performance that was evident during the second quarter (Q2).
07/20/2017
National Bank of Bahrain reports net profit of BHD 31.74 million
The Bank recorded a marginal increase in Net Profit despite the need to take impairment on certain credit exposures due to financial difficulties faced by some borrowers.
07/19/2017
Al-Ahli Bank of Kuwait reports KD 16 mln profits in first half of '17
The capital's adequacy ratio that was robust at 16.41 percent.
07/19/2017
Emirates NBD announces 5.8 per cent rise in second quarter profits
Net interest income advances 3.4 per cent
07/19/2017
Alinma Bank net profit rises 19% in first half
Al-Fares noted that Alinma Bank maintained its growth pace and offers a comprehensive array of products and services to both its retail and corporate partners.
07/19/2017
Saudi's Riyad Bank Q2 net profit down 26 pct
The bank cited higher operating expenses due to an increase in impairment charges for credit losses for the reduction in net income
07/19/2017
Commercial Bank of Qatar profit slumps on bad loans
Lower oil prices and troubled oversees assets weigh on bottom line
07/19/2017
Lower issuance volume out of GCC reports NBK
International benchmark yields were range-bound, trading within a 28-35 bps window in 2Q17.
07/19/2017
Bank of Baroda launches 3 products as it celebrates 110th anniversary
We have been proudly shouldering all our banking as well as social responsibility towards the society.
07/18/2017
Gulf Bank Records an Increase of 10% in Net Profit for H1 2017
In addition, credit costs (specific provisions and write-offs less recoveries) continue to improve quarter after quarter with a decline of 11% in Q2 compared to Q1 of 2017.
07/17/2017
Bank Muscat wins Banker Middle East's Best Bank in Oman award
The Banker Middle East awards recognise top performers in the banking industry and continue to set a benchmark for successful banking