05/28/2014
U.A.E. Islamic Bank Asks What’s in a Name After Barclays
The U.A.E. is a market where credit penetration is relatively high
Retail Banking
05/26/2014
CIB named ‘Bank of the Year’
Commercial International Bank has been named “Bank of the Year” for international commerce after fierce competition with National Bank of Egypt
05/26/2014
Mashreq on its way to double retail banking profits this year
The bank to maximises earnings in all segments of business
05/22/2014
Doha Bank sees enhanced potential in Kuwait; synergies with the bank's global network
Doha Bank, one of the leading banks in the GCC region with full branches in Qatar, Kuwait and the UAE, said building its partnerships in Kuwait is one of its top priorities in the current fiscal year.
05/21/2014
UAE’s NBAD bank given India licence: report
An Indian bank is expected to be allowed to set up in the UAE in return, with State Bank of India the most likely candidate
05/20/2014
UAE bank ADIB got regulator nod for Barclays UAE buy 10 days ago - CEO
Abu Dhabi Islamic Bank got regulatory approval from the United Arab Emirates' central bank for its purchase of Barclays' retail operations in the country 10 days ago.
05/15/2014
Award for Standard Chartered
The Asian Banker's Middle East and Africa Awards are acknowledged by the financial services industry
05/14/2014
Capital Intelligence affirms ratings of the National Commercial Bank
The rating is constrained by the bank's higher than average cost structure, its declining average capital ratios, and to some extent the levels of concentration in its loans and in its funding
05/14/2014
National Bank of Greece to Sell Stake in Turkey’s Finansbank
National Bank of Greece SA, the country’s biggest lender, plans to sell a stake in Istanbul-based Finansbank AS as demand for Turkish bank assets increases.
05/14/2014
Emirates Money Named Best Non-Bank Consumer Finance Business
Emirates Money, the consumer finance arm of Emirates NBD, a leading bank in the region, today announced that it had been named the “Best Non-Bank Consumer Finance Business” at the Asian BankerMiddle East Banking Products and Projects 2014Award
05/12/2014
Burgan Bank Group announces net profit of 17.1 million for Q1 2014
Burgan Bank Group announced today its first quarter earnings for 2014. Net profit reported at KWD 17.1 million reflecting a growth of 10 per cent from KWD 15.6 million reported for the first quarter in 2013.
05/12/2014
RakBank Honoured with Two Prominent Awards by The Asian Banker
RAKBANK Wins Best Internet Banking Initiative Award in the Middle East for 2014&Best Core Banking Implementation Award in the Middle East for 2014
05/12/2014
Abu Dhabi's Union National Bank Q1 net profit rises 3.5 pct
Banks in the United Arab Emirates have reported strong earnings growth for the first quarter as they benefit from the improving economic picture in the Gulf Arab nation
05/06/2014
Bahrain's Ahli United Bank Q1 net profit down as one-off gain not repeated
Subtracting the one-off gain from calculations, Ahli United said its first-quarter profit increased 41 percent
05/06/2014
Emirates NBD sees retail banking boom as here to stay
The bank saw an impressive retail loan book growth and expansion of cheaper funding
05/06/2014
UAE: Banks should be ready for margin compression
Customers to benefit from finer pricing, more value added services
04/30/2014
Arab Banking Corporation announces 27% increase in first quarter profit to $71m
Business volumes grew in line with ABC’s expansion plans, resulting in improved revenues across all the geographies that ABC operates in.
04/29/2014
National Bank of Abu Dhabi 1Q Profit Inches Lower On Expenses
The U.A.E.'s other main banks in the past week saw profits increasing with Dubai's top lender Emirates NBD posting a 25% rise in profit while Abu Dhabi's First Gulf Bank reported a 27% profit boost.
04/29/2014
Arab Banking Corporation announces 27 per cent increase in Q1 2014 Profit
Arab Banking Corporation (ABC) today announced that its consolidated Group net profit for the first quarter of 2014 was $71 million, 27 per cent higher than the profit of $56 million reported in the first quarter of last year.
04/29/2014
NBAD warns on margins
Many UAE banks have recorded impressive growth in the first quarter, continuing a trend from 2013 as the economy rebounds from a real estate crash and debt problems at Dubai government-linked entities.