11/05/2013
First Gulf Bank completes acquisition of Dubai First
This, the bank said in a statement, is in line with FGB’s expansion strategy of developing existing businesses and offering more value to an expanding UAE customer base.
Retail Banking
11/04/2013
Wells Fargo Celebrates 15 Years of Service in Turkey
Through its local office in Istanbul, Wells Fargo provides trade, payments, deposits, credit, and other financial solutions to financial institution customers across the region.
11/03/2013
Doha Bank extends Asia reach with Hong Kong office
The representative office was declared open by Miss Au King-chi, Permanent Secretary for Financial Services and the Treasury (Financial Services), Hong Kong.
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.
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.