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
Retail Banking
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
07/16/2017
Mashreq posts a three per cent y-o-y growth in net profit in the first half of 2017
Mashreq, one of the leading financial institutions in the UAE, has reported its financial results for the first half ending 30th June 2017.
07/16/2017
Qatari banks sell its loans in the UAE, say sources
The sources confirmed that the UAE banks are buying these loans at a discount, although these loans are estimated to amount to billions of dollars.
07/16/2017
NBF’s Q2 2017 net profit bounces back 24.4 per cent
Solid core business and robust asset and liability management continue to underpin strong performance by the bank.
07/16/2017
QNB premium customers increasingly interested to invest in global markets
The global account access through QNB Internet banking is the most innovative solution for managing accounts maintained in various countries with one single view.
07/14/2017
UAB reports Dh55m net profits for the first half of 2017
Bank achieves 50% year-on-year reduction in impairment losses
07/14/2017
Qatar’s stocks gain in best week since Arab spat began
We wouldn’t consider this a temporary recovery.
07/13/2017
Qatar's Biggest Bank Turns to Asia to Offset Saudi-Led Sanctions
QNB applying for license in Hong Kong this year, CEO says
07/13/2017
Commercial Bank Board and staff show support for Emir
Commercial Bank Board of Directors expressed pride on the signature board at the headquarters at Commercial Bank Plaza.
07/12/2017
Major mergers and consolidation still elusive for Gulf banking sector
The rationale for such consolidation are focused toward reducing costs, increase product offerings, diversification of risk and improve cost efficiencies.
07/11/2017
Commercial Bank of Dubai’s ratings affirmed with a ‘Stable’ Outlook
Capital Intelligence Ratings, the international credit rating agency.
07/11/2017
Qatar National Bank profit rises on loan growth
It made no reference to the current diplomatic crisis engulfing the region.
07/11/2017
As crisis lingers QNB reports 3.6 per cent rise in second-quarter profit
Loan book increases 11 per cent in first six months of 2017
07/09/2017
Contraction in Saudi growth seen slowing pace fiscal reforms
The contraction in the oil sector is likely to increase in second quarter and third quarter of 2017.
06/30/2017
Banking shares fall in Gulf markets
The Dubai index rose 0.4 percent as real estate-related shares were the most active.