07/28/2022
Moonfare launches digital private markets investing platform in the United Arab Emirates
Moonfare is the global trendsetter of the ‘Private-Markets-Go-Retail’ phenomenon.
Retail Banking
07/27/2022
Qatar banking sector total assets scale up 1.7% m-o-m to reach QR1.846tn in June: QNBFS
Non-resident deposits declined by 2% m-o-m (-20.6% in 2022) in June.
07/26/2022
Ifza partners with CBD for exclusive banking solutions
Recognising the challenges entrepreneurs face, Ifza’s priority remains to support its Professional Partners and Licensees through bespoke services that aim to make doing business as easy as possible.
07/26/2022
NBK wins “The Social work Pioneer Project Award” from the GCC Council of Ministers of Social Affairs and Labor
For it’s First of a kind Kuwaiti youth program “Tamakan”
07/26/2022
Ahlibank H1 net profit up 7.2% to QR330.7mn
Ahlibank will continue to invest in digital and innovative technologies allowing customers to conduct their daily banking service in a simple and secure manner while providing the most personal banking experience.
07/25/2022
Ahlibank’s Imtiyaz account: Modern banking for the modern customer
It comes with a world of exclusive benefits such as dedicated counters, branded debit, and credit cards
07/25/2022
QNB launches direct remittance service to Philippines through RippleNet
QNB’s latest first-to-market solution complements the Bank’s efforts to improve cross-border payments, upholding its leadership position in Qatar in the sector of money transfer.
07/22/2022
Bank Leumi marks Israeli first with re-energised buyside
Leumi opened books marketing the benchmark at Treasuries plus 235bp area.
07/22/2022
UAE bank borrowings hit $498bln as demand for personal, business loans rise
Bank lending rebounds, reflecting improved credit sentiment, says UAE central bank
07/21/2022
ADIB delivers a strong set of results for H1 2022
With y-o-y net profit growth of 30% to AED 1.4bln underpinned by core business growth
07/21/2022
Mashreq achieves 17% increase in operating profit and posts AED 1.4bln net profit for 1H 2022
Operating Income has increased by 15% over the previous year to AED 3.3 billion mainly due to increased Net Interest Income and Income from Islamic financing
07/19/2022
Nigeria's United Bank for Africa expands into Middle East
UBA Group Chairman Tony O. Elumelu said the new UAE branch would enable trade finance and investments between the Middle East and Africa.
07/19/2022
QIB posts profit of QAR 1,815mln for the six months’ period ended 30 June 2022
Total Assets reach QAR 193bln
07/18/2022
Bank Muscat posts net profit of over $257mln
The bank posted a net profit increase of 4.9%
07/18/2022
Dukhan Bank records 27% increase in net profit
Dukhan Bank’s total assets reached QR104bn in the first half of 2022, and the customer financing assets stood at QR74bn in the first half of 2022
07/15/2022
UAE Banks Federation CEOs Advisory Council holds its second meeting of 2022
The meeting discussed the latest developments in the local and global banking and financial sector for the past quarter
07/14/2022
Oman’s Bank Muscat H1 2022 net profit rises 5% to $258mln
Provisions drop on improving oil prices
07/14/2022
Dubai: Emirates NBD offers paid internships to 300 UAE students
Programme to help young talent learn from experts in artificial intelligence, open banking, fintech
07/12/2022
QNB financial results for the six months ended 30 June 2022
Net profit for the six months ended 30 June 2022 reached QAR7.8 billion
07/12/2022
Balance between Saudi bank deposits and loans turns negative for the first time since at least 2013
In absolute terms, total bank credit increased by SR16.3 billion to SR2.19 trillion in May from SR2.18 trillion in April while total deposits decreased by SR3.6 billion over the same period.