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.
Retail Banking
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.
06/29/2017
Egypt borrows $200m from Afreximbank
The three-year term facility will also aim to fund the light manufacturing activities in the country.
06/28/2017
First-quarter figures show increase in money supply at Oman’s banks
Central Bank of Oman statistics show an upswing in money supply among the nation’s banks in the first quarter of 2017, with total deposits to conventional banks rising by 4.2% to OR19.02bn ($49.4bn), compared to growth of 2% in quarter one 2016.
06/26/2017
GCC a regional trendsetter on credit bureaus
Almost all UAE banks are now using data from the new national credit bureau, placing the nation on par with most developed markets
06/22/2017
Qatar’s three-way bank merger aims to be completed by year-end
The merger will create the country’s second largest lender
06/22/2017
Three-way bank merger in Qatar aims to close by year end -sources
A shake-up has long been mooted in the Qatari banking sector given that 18 local and international commercial banks serve a population of 2.6 million.
06/21/2017
Qatar Banks Have Sufficient Dollar Liquidity
Qatar's central bank has about $34.5 bn of net foreign reserves and the Qatar Investment Authority is believed to hold over $200 bn of liquid assets.
06/20/2017
First Abu Dhabi Bank, etisalat among top Arab companies
The telecommunications and industrial sectors came in the second and third with etisalat being the biggest telecommunications company in all metrics.
06/18/2017
Federal Reserve plans to raise interest rate
The US dollar rallied against the other main currencies after the Federal Reserve increased the interest rate.
06/17/2017
Kuwait Finance House ‘rolls out’ four innovative banking services – KFH solidifies leadership in banking technology: Al-Obaid
This contributes in reaching every calling customer and maintains KFH service level at peak times.
06/15/2017
Qatar National Bank reports healthy liquidity position
The bank says it sees no big deposit outflows and continues to grow in profitability despite the Gulf crisis.
06/14/2017
CIO role in focus at banking innovation summit
The role of a CIO/CDO is extremely crucial for the survivability of banks today.
06/14/2017
Qatar National Bank sees no significant outflows of deposits, other funds
The biggest diplomatic row in years among the rich states of the Gulf led to the UAE, Saudi Arabia, Bahrain and Egypt.
06/13/2017
Gulf mixed in early trade; Qatar National Bank slides
Like other Qatari banks, it has been hit by concern that the embargo mounted against Qatar by other Arab states could reduce its access to foreign funding.
06/12/2017
Emirates NBD provides clearing and settlement services for the UAE’s equity markets
The approval reaffirms Emirates NBD’s role as a significant player in the UAE’s equity markets, offering a wider range of value added services.