08/09/2022
Oman’s Sohar bank eyes merger with HSBC
The board will keep the market updated as the matter progresses, it added.
Retail Banking
08/09/2022
SABB “Best bank for sustainable finance in the Kingdom” for 2022
SABB was chosen for this award based on a set of international standards in a variety of categories, including sustainable financing, community support, emerging market growth, and infrastructure
08/09/2022
First Abu Dhabi Bank selects IBM Consulting as digital partner
Already partnering with IBM for years on multiple technology fronts, First Abu Dhabi Bank has now appointed ‘Big Blue’s (one of IBM’s nicknames) consulting division as a consultancy partner for its digital transformation journey.
08/08/2022
EDB approves $653m in finance during H1; up 418%
The Board meeting was held for the first time in the Bank’s new headquarters in Abu Dhabi located in Mubadala Tower
08/08/2022
Sohar International empowers wholesale banking clients
By introducing unified transaction banking digital services
08/08/2022
Turkey’s banks are adopting Russian payments system: Erdogan
While Turkey voiced its opposition to Russia’s invasion of Ukraine, it has refrained from joining US and European sanctions on Russia.
08/08/2022
QIB Group CEO wins Asian Banker ‘CEO Leadership Achievement for Qatar Award’ for 2nd consecutive time
The bank introduced a series of new digital products and services for all its customers’ segment with many of them introduced for the first time in Qatar.
08/05/2022
'KHCB' reports BD 6.81mln net profit attributable to the bank’s shareholders in the first half of 2022
With an increase of 13.37% compared to the same period last year
08/04/2022
NBB launches new ‘Double Points’ campaign
Cardholders will also have the chance to enter a raffle draw to win a Jeep Wrangler as part of their points’ redemption, it said.
08/03/2022
IsDBI initiates 1st Arabic language online course on edX Platform
The course which is open to all interested professionals and Islamic financial specialists from 15th August 2022
08/03/2022
OAB launches new scheme offering guaranteed returns of up to 5.75% per annum
With the OAB Savings Basket, customers can deposit a specified amount as a fixed deposit for a maximum period of three years, which will be subject to a guaranteed interest rate.
08/02/2022
Mashreq moves beyond banking with the launch of Mashreq Business Banking Value Added Services
Mashreq is the first bank in the Middle East region to launch a specific platform for businesses to access non-banking services
08/02/2022
Qatar First Bank holds its Extraordinary General Meeting
In attendance were members of QFB’s board of directors (the “Board”), shareholders, and the Bank’s senior management team
08/02/2022
IELTS now live at NBK headquarters
Reflecting NBK’s commitment towards the education and career development of the youth
08/01/2022
UAE national banks provided $190bn credit facilities to business sector
The share of foreign banks stood at 10.9 percent or 85.8 billion dirhams.
08/01/2022
Al Rajhi Bank’s shares close lower even as profit surges to $2.2bn in H1
Al Rajhi Bank’s impairment charges for financing went down slightly from SR1.161 billion to SR1.159 billion.
08/01/2022
NBK Group treasury organizes a Client LIBOR transition awareness session
Kalawoun: We are committed to keep our clients informed of developments and provide support in the transition to the new interest rate benchmarks
07/29/2022
Emirates NBD reports profit of Dhs5.3bn, its highest since 2019
Emirates NBD played a leading role in both the DEWA and TECOM IPOs, delivering customers a fully digital platform
07/29/2022
UAB reports net profit of AED 83.3mln for H1 2022
Operating Expenses decreased by 3% vs. H1 2021
07/29/2022
NBF posted a solid performance in H1 2022 net profit
National Bank of Fujairah PJSC ( reached AED 150.5 million up 97.5% and surged 49.4% quarter-on-quarter on the back of strong business growth and asset and liability management