11/17/2016
Abu Dhabi Rallies on Bank merger speculation; Saudi, Egypt rebound
Abu Dhabi Islamic Bank climbed 4.7 percent after Bloomberg said it could be merged with Al Hilal Bank.
Retail Banking
11/17/2016
Middle East Shares Advance, Abu Dhabi Jumps on Speculation of More Bank Mergers
El Sewedy Electric said quarterly profit jumped 153% to 720.7 million pounds.
11/17/2016
Federal Bank to expand overseas footprints
On the dramatic demonetisation of 1,000 and 500 denomination rupee notes by the Indian government.
11/17/2016
Doha Bank's Board will submit a recommendation to the EGM to raise the capital of the bank by 20%
The Board’s recommendation with regards to this Capital increase is subject to the approval of the regulatory authorities and the Extra Ordinary General Assembly of the Shareholders.
11/16/2016
Egypt, Saudi bourses hit by profit-taking
The Cairo-listed shares of Commercial International Bank, for example, fell 3.9 percent to 66.60 Egyptian pounds.
11/16/2016
Qatar's Doha Bank picks banks for conventional bond issue -sources
Doha Bank received approval earlier this year to raise funds with up to $5 billion worth of short term instruments
11/15/2016
AUB named ‘Best Private Bank in Bahrain 2016’
AUB has received the award for the third consecutive year amidst the numerous local and international banks operating in the Kingdom
11/15/2016
Bahrain's Gulf International Bank requests proposals for dollar bond issue -sources
The new bond is likely to be issued early next year
11/14/2016
ENBD expects retail lending growth to fall to around 5 pct in 2017
The bank's consumer lending book has grown by 10 percent since the end of 2015.
11/10/2016
Bank Sohar bags Worldcob award
This award is not only a clear testament to the successful integration of our sound business strategies into our growth plans.
11/10/2016
Ahli united bank B.S.C. Net profit attributable to the equity shareholders surges by 5.5% to US$ 442.1 million for the period ended 30 september 2016
The Basic Earnings per Share in YTD Q3/2016 increased to US 6.3 cents, from US 6.2 cents in YTD Q3/2015.
11/10/2016
Business activity in Dubai slows down in October, index says
The bank did not give corresponding figures for the sub indexes for September.
11/10/2016
Ithmaar 9-month profit rises to $16.7m
Ithmaar Bank’s continued focus on growing its core retail banking business is clearly delivering results.
11/10/2016
Kuwait to offer USD9.91bn bonds
Nationa Bank of Kuwait proclaimed that growing profits from its business in Egypt will help offset any impact from the drop in Egyptian pound
11/09/2016
ABK posts KD 65.6 mln operating profit for Q3 – Total assets reach KD 4.4 bln, up 15.8%; EPS 12 fils
The reduction in net profit is due to our aggressive provisioning and disciplined financial approach.
11/09/2016
China's CCB lists on Nasdaq Dubai sighting Mideast expansion
With a market capitalization of 173.3 billion dollars at the end of 2015, CCB is the fifth highest among listed banks in the world.
11/09/2016
QNB and MetLife reveal Bancassurance products
The products are also versatile and can be tailored to suit each customer’s individual requirements.
11/09/2016
China Construction Bank lists $600 million bond on Nasdaq Dubai
China Construction Bank look forward to strengthening ties with Dubai and the UAE, which offer a business friendly and welcoming environment
11/07/2016
Gulf Bank reports 11% increase in net profit
Gulf Bank has announced today a net profit of KD 32.8 million for the first nine months of 2016
11/07/2016
Tijari records net profit of KD 27.5 mln for 9M – Total assets reach KD 4,047 million
The Bank continues to maintain solid level of operating profit before provision amounting to KD 74.5 million compared to KD 74.0 million for the same period during last year.