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Retail Banking

10/25/2024

UAE banks extend $22bn in loans to SMEs in H1 of 2024: CBUAE

These businesses are a critical component of the UAE’s economy, accounting for over 95 percent of all enterprises and employing approximately 86 percent of the private sector workforce.

10/24/2024

Abu Dhabi Commercial Bank's 2024 9-month net profit at Dh6.8b

Abu Dhabi bank records Dh60b in net loan growth, profit at Dh6.8b

10/24/2024

Commercial Bank of Dubai reports net profit after tax of AED 2,231mln

Up 26.5% on a pre-tax basis (15.2% on a post-tax basis) on the prior comparative period

10/24/2024

FAB Asset Management raises $200 million through launch of fixed maturity portfolio

Portfolio includes the second series of FAB’s conventional fixed maturity portfolio

10/22/2024

Bahrain’s GFH appoints lead managers, book runners for upcoming sukuk

10 banks have been appointed including the investment banking arm of Dubai’s largest lender - ENBD Capital, ADIB, and Saudi Arabia’s Al Rajhi Bank

10/21/2024

FAB posts third-quarter profit rise on international revenue boost

Bank's net profit increased by 5 per cent to $1.2bn during the three month period

10/21/2024

Oman’s credit balance reaches $81.6bn in August

The increase in credit figures indicates a robust and expanding economic environment in Oman, characterized by a greater flow of funds throughout the economy.

10/18/2024

Dubai Islamic Bank’s Access auto finance for people of determination

The new offering opens doors to enhanced mobility for People of Determination across the UAE

10/17/2024

Oman’s Bank Muscat Q3 net profit up nearly 8%

Customer deposits rose 7%

10/17/2024

KFH selects Gieom to digitally transform its policies & procedures

Digital Blueprint will enable KFH to centralise and streamline its policy and procedure management, creating a structured, accessible system for employees and stakeholders.

10/16/2024

Qatari lenders return to global debt markets to refinance and diversify funding

The momentum is set to continue in 2025

10/15/2024

NBB Receives 2023 US-Dollar Clearing Recognition Award from J.P. Morgan

The award was presented by Nawaf Yusuf Humood

10/15/2024

Dukhan Bank reports a net profit of QAR 1.14bln for the nine-month period ended 30 September 2024

Strong profitability driven by a persistent year-on-year growth in total income of 16%

10/14/2024

Saudi EXIM Bank and DL Hudson sign USD 50mln credit facility agreement

Connects local exporters with over 22 international markets around the world

10/14/2024

QNB unifies its brand to enhance global presence

The rebranding will see QNB Alahli in Egypt and QNB Finansbank in Turkey operating under the single name "QNB."

10/11/2024

QDB introduces 0% short-term financing to companies that settled NRGP loans

QDB said in a statement the new initiative which grants companies zero interest rate short-term loans comes within the framework of the Amiri gesture

10/11/2024

QNB concludes Emerging Leaders Program

The second component focused on the Business of Banking, featuring four specialized modules delivered by Fitch Learning over 10 days

10/10/2024

New Bank of Bahrain Investment Product Pairs Bitcoin Growth Potential With Capital Security

Through this move, it aims to offer a hedge against the volatility traditionally associated with digital currencies.

10/08/2024

Qatar: Total assets of commercial banks up 6.8% to $549bln in August

There was also a surge of 11.9% in the total domestic deposits on yearly basis

10/08/2024

National Bank of Bahrain partners with Citi to offer 24/7 dollar clearing service

The innovative service streamlines the processing of USD transactions

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