11/03/2013
UAE banks likely to get 5-year grace period over GRE loans
The rules were suspended after some banks said they could not meet a September 30 deadline to comply with the new caps.
Retail Banking
11/02/2013
NBAD Eyes Emerging Markets For Growth – CEO
National Bank of Abu Dhabi expects revenue to grow 7-8 per cent in 2013 and plans to expand in cities from east China to west Africa.
11/02/2013
Emirates NBD sees double digit growth for its retail banking business
Retail banking revenues in the UAE are growing at about 8 to 10 per cent this year
11/01/2013
HSBC Bank Oman Q3 2013 net profit increases by 20.6%
HSBC Bank Oman introduced HSBC Secure Key during the first half of 2013 to provide greater online protection for customers.
11/01/2013
BMI Bank posts USD 2.34 million net profit for the first nine months of 2013
Profit represents an increase of 141 % over the same period in 2012 Maintains an excellent capital adequacy ratio at over 17 %
10/30/2013
Union National Bank 9-month profit down 1.8 pct
Operating profit for nine month period ended 30 September 2013 increased by 1.5% over prior period to reach AED 1,836 million
10/30/2013
UAE’s Retail Banking Business Set Enter a Boom Period
Retail banking business in the UAE is entering a boom phase as the economy is doing well and consumption is back on track
10/30/2013
Kuwait's Gulf Bank posts 2.4% rise in Q3 net profit
Kuwait's Gulf Bank posted a 2.4 percent rise in net profit in the third quarter
10/29/2013
NBO set to open branch in Dubai
Dubai held great promise as it was a huge trading partner and the hub of business activity.
10/29/2013
Mashreq posts 34% increase in Net Profit
The bank's Total Operating Income for the period grew to AED3.5 billion, an increase of 19.2% compared to a year earlier, driven by both Net Interest Income and Net fee and commission income.
10/28/2013
Commercial Bank wins 'HR Initiative of the Year' award
The 'HR initiative of the Year' award recognises organisations that have completed a successful people-focused change programme and HR strategy.
10/27/2013
Bank Muscat posts OMR102m profit
The bank will continue its growth in line with market conditions and prudent policies
10/27/2013
Kuwait Turkish Participation Bank Inc. receives QFC license
Kuveyt Turk is a Turkish Islamic Bank 62% owned by Kuwait Finance House Kuwait
10/27/2013
Emirates NBD eyes Turkey buy amid foreign expansion
Emirates NBD is looking for acquisition targets in Turkey as Dubai's largest lender scouts for opportunities beyond its home market
10/26/2013
Jordan's Arab Bank 9 month net profit up 15.4 pct
The group's after tax net income grew by 15.4 per cent to $559.1million when compared with the level for the same period last year.
10/25/2013
Egypt’s Business Directory Names the Top Five Local Banks
Egypt’s Business Directory evaluated and compared the performance of banks nationwide, and named the top five
10/23/2013
National Bank of Fujairah PSC's 2013 nine months net profit surges by 31.3%
National Bank of Fujairah PSC is pleased to announce its results for the nine month period ended 30 September 2013.
10/22/2013
RakBank records AED 1.14 billion in profit for the first nine months of 2013
RakBank reported a net profit of AED 1.14 billion for the nine months ended 30 September 2013, reflecting a 9.6 per cent increase over the same period last year.
10/22/2013
National Bank of Oman reports nine months net profit up two per cent
National Bank of Oman nine months net profit reached OMR 31.2 million.
10/22/2013
Qatar National Bank to sell dual-tranche bond
Qatar National Bank the largest listed lender in the Gulf Arab region, plans to issue a benchmark-sized, dual-tranche bond denominated in U.S. dollars and has mandated five banks to arrange the sale