02/19/2014
Standard Chartered set to finalise sale of its retail bank in Lebanon
UK-based Standard Chartered is set to take a final decision on plans to divest its retail banking unit in Lebanon, following submission of the final bids by the remaining two bidders.
02/19/2014
Bahrain-based Ahli United Bank has reported a a record net profit of $579.4 million for 2013, up 72.6 per cent when compared to $335.7 million the year before.
02/18/2014
Arab Banking Corporation yesterday recorded consolidated group net profit of $239 million for last year, a 17 per cent increase when compared with $205m for 2012.
02/17/2014
Citi Bahrain celebrated 45 years of presence and 25 years of consumer banking operations in the kingdom.
02/13/2014
The Saudi Investment Bank "SAIB" develops WOOW
WOOW is based on strong customer feedback and demand for a world-class rewards program that goes far beyond existing standard credit card and cash-back programs in GCC.
02/13/2014
Senior executive quits UAE's largest lender
National Bank of Abu Dhabi's head of consumer banking has left the lender, a spokesman confirmed on Thursday.
02/11/2014
Commercial Bank of Qatar , the country's second-largest lender by assets, reported a drop in fourth-quarter net profit on Monday, missing analysts' forecasts as provisioning for bad loans rose substantially.
02/11/2014
Bank achieves progressive results in line with strategic plan: Chairman
02/10/2014
Commercial Bank of Qatar , the Gulf Arab state's second-largest lender by assets, reported a third successive quarterly decline in net profit on Monday as higher provisions for bad loans once again hurt its earnings.
02/10/2014
Fleming Gulf conferences is back with its most anticipated retail banking event that has been running successfully for eight consecutive years.
02/07/2014
Kazkommertsbank expects to finalise the acquisition of a 46.5 percent stake in BTA Bank in the second quarter of this year, Kazkommertsbank Managing Director Sergey Mokroussov told Reuters.
02/07/2014
Standard Chartered Middle East in Management Shake-Up
Standard Chartered in the Middle East recently made several changes to its senior leadership amid the bank’s global management shake-up and restructuring of its wholesale and consumer banking unit.
02/07/2014
Danish lender to open Abu Dhabi office
The Copenhagen-based firm, which gets 10 per cent of its revenues from the Middle East, is also hoping that the Abu Dhabi office will help it in its efforts to sell its proprietary trading platforms to banks, the chief executive Lars Seier Christensen sai
02/06/2014
Commercial Bank's total assets at the end of December 2013 reached KD 3.9 billion
02/03/2014
The Board of Directors of Khaleeji Commercial Bank announced that the bank would not be paying a dividend for 2013.
02/03/2014
The Chairperson of ASBB , H.H. Shaikha Hessa Bint Khalifa bin Hamad Al Khalifa thanked the Central Bank of Bahrain and shareholders of ASBB for their approval to proceed with the business combination and stated that the legal formalities will be concluded
02/03/2014
National Bank of Egypt made LE3.4 billion (roughly $0.48 billion) in net profits last year, it announced on Sunday
02/03/2014
The Bank continued to grow its deposit base
01/30/2014
The lender, majority-owned by Abu Dhabi's ruling family, made a net profit of 1.37 billion dirhams
01/29/2014
The country is looking to open its doors for foreign players to operate in the country by modernising infrastructure, increasing services and consolidating the banking sector, which comprises mostly private banks.