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
Retail Banking
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.
10/26/2023
Dubai mega-bank Emirates NBD hits new records as 9-month 2023 net profit tallies Dh17.5b - that's 92% up
Strong loan demand - from retail and corporate clients - fuel 'record' gains
10/25/2023
United Arab Bank net profit up 76% to $56.9mln
Growth driven by improved operating performance, lower credit losses
10/24/2023
RakBank's third-quarter profit surges 29% after strong business and robust deposits
Lender reports net profit of $123m for the July-September period
10/24/2023
QNB named ’Sustainability Leader’ by Forbes Middle East
This achievement reflects the Group’s commitment to Sustainability by addressing environmental, social and governance related challenges and opportunities.
10/24/2023
Gulf Bank showcases its pioneering experience in sustainability and women's empowerment
During a seminar organized by the American Business Council AmCham Kuwait
10/23/2023
Saudi EXIM Bank, Petrochem seal $25m credit facility to enhance local product exports
Al-Shammari further emphasized that this agreement coincides with a period of rapid growth and a strong presence of Saudi chemical products in international markets.
10/20/2023
FAB’s Q3 2023 profit surges by 48% on revenue boost
The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022