09/02/2013
Barclays decides to sell UAE retail bank after review
A separate banking source confirmed that the bank was keeping its Dubai branches to service corporate banking clients.
Retail Banking
09/01/2013
Kuwait''s Warba Bank plans to diversify services - CEO
Warba Bank strategy aims at boosting assets and profits as well as reducing risks through diversification of investment at quantitive and geographic levels.
08/31/2013
UAE banks facing pressure on margin, Standard Chartered CEO says
The last three to four years has seen low credit growth in the UAE of around two per cent
08/31/2013
Assets of top 10 GCC banks rise 16% to $743bn
The top ten GCC banks are among the fastest growing globally, led by QNB Group.
08/31/2013
EFG Hermes will cut costs further after posting second-quarter loss
The firm reported total consolidated operating revenues of EGP 506 million in 2Q13
08/28/2013
NBAD appoints new head of commercial banking
He will manage NBAD’s extensive banking products and services offered to small- and medium-sized enterprises
08/28/2013
Israeli Banks Boost Second-Quarter Profit as Provisions Fall
Israel’s two largest lenders, Bank Hapoalim Ltd. (POLI) and Bank Leumi Le-Israel (LUMI) Ltd., posted higher second-quarter profit as provisions for bad loans declined.
08/27/2013
Limitless Signs Sharjah Isalamic Bank at The Galleries Bankung Hub
Limitless has signed Sharjah Islamic Bank at The Galleries, bringing the total number of banks at Dubai's newest business community to nine, the company announced today.
08/26/2013
Saudi bank lending, M3 growth edge up in July
The central bank's net foreign assets reached a record high of 2.549 trillion riyals ($679.7 billion) in July.
08/25/2013
GIB Planning Major Regional Expansion
Bahrain-based Gulf International Bank unveiled plans to expand across the region by launching a retail banking network.
08/24/2013
Al Baraka Bank Egypt wins quality award
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group and its banking arm in the Egyptian market, announced the winning of the 'The Majestic Five Continents Award for Quality and Excellence' granted by the well-known Europea
08/24/2013
BBK expands partnership with American Express Middle East
Leading Bahrain bank, BBK announced that it has renewed and expanded its partnership with American Express Middle East
08/18/2013
Standard Chartered plans to expand in Iraq with UK government help
Standard Chartered is counting on the assistance of the British government to help it to open branches in Iraq by the end of the year.
08/17/2013
Bank Sohar attains 'Best CSR Bank Oman 2013' award
Bank Sohar plans to continue in its steadfast quest of philanthropy
08/17/2013
UAE central bank says monetary aggregate rose 7.8% on year
The UAE Central Bank said during the first six months of 2013, monetary aggregate M2 increased 7.8 per cent on year
08/14/2013
BMI Bank's net profit soars 88pc to $1.4m
This was mainly due to improved recoveries against impaired loans along with a one-off exceptional income.
08/12/2013
Kuwait's Burgan Bank 2Q Net Profit Falls 10%
Kuwait's Burgan Bank a unit of Kuwait Projects Co., said its second-quarter net profit dropped 10% to 12.26 million Kuwaiti dinars ($43.1 million), from KWD13.62 million in the year earlier period.
08/12/2013
Barclays considers potential sale of UAE retail business
Some British banks have already exited retail banking in the Gulf state
08/05/2013
CBK posts KD 7.8 million worth of net profit
Al Ebrahim said that the operating profit for the period is KD 50.8 million of which KD 42.6 million were used to enhance the existing provisions in the bank's records
08/05/2013
Arab Bank Named Best Consumer Internet Bank in Jordan for the Fifth Consecutive Year
Arab Bank Named Best Consumer Internet Bank in Jordan for the Fifth Consecutive Year