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Retail Banking

11/27/2023

Islamic Development Bank institute delivers high-level Islamic finance executive program sessions

The sessions were part of the 6th edition of the Saudi-Spanish Center for Islamic Economics and Finance (SCIEF) Islamic Finance Executive Program

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

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

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