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Retail Banking

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

10/30/2023

Mastercard becomes Invest Bank’s exclusive partner for card issuance and remittances

Pressing forward with its ongoing retail banking evolution fueled by a host of strategic initiatives

10/30/2023

Akbank launches autumn syndicated loan renewals season for Turkish banks at better costs

Despite the significant recovery in spreads, the costs still stand close to the double digits as the benchmarks remain painfully high.

10/30/2023

Kuwaiti Banks Thrive with Remarkable 46.5% Profit Surge in 2023

This substantial rise elevated the combined profits of these banks from 830.55 million dinars in the same period in 2022 to 1.217 billion dinars in 2023.

10/27/2023

Mashreq bank’s net profit rises 122% in first 9 months of 2023

The increase in operating income and net profit was primarily attributed to a significant 82 per cent increase in net interest income

10/27/2023

Doha Bank achieves net profit of QR627m for nine month period

The Bank also achieved a growth in loans to the private sector by 2.2% compared to the same period of the previous year.

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