11/24/2023
Arab International Bank hikes stake in SAIB to over 51%
AIB purchased 92,053 shares in SAIB at an average price of $4 per share
Retail Banking
11/24/2023
Top 10 UAE banks record 5.6% rise in quarterly profit on lower impairment charges
The cumulative net income for the three months to the end of September climbed to Dh20.2 billion
11/21/2023
SAB partners with Mastercard to offer greater access to secure digital transactions
Driven by cutting-edge data science, Mastercard Gateway AI-powered technology helps to reduce financial risk by proactively assessing transactions for vulnerabilities.
11/21/2023
Gulf Bank Officially Introduces Gulf Capital Investment Company
The validity of this license is for a specified duration from the date of issuance by the Capital Markets Authority.
11/21/2023
Al Maryah Community Bank wins the MEA Finance Best Neo Bank Award for 2023
The MEA Finance Awards 2023 recognizes financial institutions, technology solutions providers, and individuals for their exceptional achievement
11/20/2023
Emirates NBD awarded ‘Best Bank for ESG in the UAE’ at Euromoney Awards for Excellence 2023 reflecting its dedication to sustainability
Strong growth in ESG metrics, launch of green products, internal ESG restructuring and landmark sustainable deals affirmed bank’s status as ESG leader
11/20/2023
Gulf Bank unveils exclusive welcome gifts for new Red account customers
As part of its commitment to rewarding its young clients, in collaboration with Flare Fitness
11/17/2023
Kuwaiti bank settlements hit 182.7bln dinars in 2023
Local bank transactions surge 7.5% in Q3
11/17/2023
Bank Hapoalim cuts Q3 dividend to 20% of profit
The bank reported third quarter net profit of NIS 1.67 billion, 6.5% down from NIS 1.79 billion in the corresponding quarter of 2022.
11/16/2023
Al Salam Bank launches 'Al Salam Takaful' for individuals, SMEs
Al Salam Takaful product falls under the umbrella of Al Salam Bank's partnership with Solidarity Bahrain
11/13/2023
Bank ABC Islamic 9M net profit rises 18.6% to $35.1mln
Net operating income before credit losses stood at $44.1mln
11/09/2023
ALEXBANK signs with Network International to accelerate digital transformation
To provide a fully-fledged payment processing solution to support the bank’s digital transition
11/09/2023
UAE lender ADCB to sell majority stake in Abu Dhabi Commercial Properties
Bank expects to gain over $108 million from the transaction
11/07/2023
Agthia Group reports $890mln net revenue during first nine months of 2023
Agthia’s strong performance in the first half continued into the third quarter
11/06/2023
Oman’s BankDhofar launches vertical credit card
The vertical design is more ergonomic and easier to hold, making it ideal for one-handed use.
11/06/2023
How GCC neobanks are shaping the next banking revolution
Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing
11/01/2023
BankDhofar introduces innovative vertical credit card with enhanced security and rewards
It offers a contemporary design, reflecting the convenience of 'Tap and Go' payments
11/01/2023
NBO highlights Systematic Investment Plan as a path to financial success
Enables individuals to invest small, fixed amounts at a specified frequency into a pre-defined market portfolio
11/01/2023
Saudi central bank net foreign assets up $12.8bln in September – data
While there was an increase from the previous month, net foreign assets were down 6.5% year-on-year, the data showed
10/31/2023
Saxo Bank announces H1 2023 results
Reports an operating profit of USD 75 million compared to USD 56 million for the same period last year