05/25/2022
QFB’s CEO honoured at Top CEO Awards 2022
Mr. Abdulrahman Totonji, CEO of Qatar First Bank, emerged among the Top 10 CEOs in GCC Shari’a Compliant Banks’ Award category
Retail Banking
05/24/2022
Al-Baraka Bank in Egypt to inject $6m to develop technological infrastructure
The bank’s market share ranges between 12 percent and 15 percent of the Islamic banking sector.
05/23/2022
EDB in talks with Poland’s national development bank to boost collaboration
The lenders discuss ways to support large corporations, small and medium enterprises and entrepreneurs
05/23/2022
QIB Group CEO recognised as Top CEO in Sharia-compliant banks
Top CEO is one of the most iconic business conferences in the region, bringing together business leaders, government officials and thought leaders to engage, discuss and plan forward the future of their respective industries.
05/23/2022
NBO Wins MEA Finance Award 2022 for Corporate Banking Innovation
"Putting our clients first and offering tailored services that meet their evolving banking requirements are key objectives for us at NBO."
05/20/2022
Isam Al-Sager named TOP CEO in Kuwait’s banking industry
In the 2022 Top CEO Conference and Awards
05/20/2022
Sharjah Islamic Bank CEO wins 'Best CEO Award' in Islamic banking sector
He was honoured in the 2017 Trends magazine's awards for the top 100 CEOs in the Gulf Cooperation Council countries during a ceremony held in King Abdullah Economic City, Kingdom of Saudi Arabia.
05/20/2022
UAE top banks’ profits, margin levels 'take a hit' in Q1
The report suggests that the Q1’22 results for most of the banks in the UAE highlighted an increase in profitability
05/19/2022
HSBC launches $1bln lending fund for female entrepreneurs in Egypt, 10 other markets
These initiatives aim to break down the barriers faced by female entrepreneurs
05/18/2022
Ahlibank signals robust growth in Q1 of 2022
ahlibank’s total assets recorded a 12.2% growth, reaching RO 3,166.6 million as of the end of March 2022
05/17/2022
EG Bank's standalone profits rise 24% in Q1-22
The bank's interest income increased by 6%
05/16/2022
Commercial Bank wins 'Most Outstanding Innovation in Fraud Detection award in the World' from Global Finance
The dynamic nature of CBsafe ID provides an extra protective layer to the service that makes it more secure to use.
05/15/2022
Ithmaar posts $3.95m Q1 profit; operating income up 16pc
The assets and liabilities subject to the above transaction have been presented separately as ‘held-for-sale’ in the consolidated financial information in accordance with the relevant accounting standards.
05/15/2022
QIB wins 4 prestigious awards from the Digital Banker Magazine
The Bank was named “Best Digital Bank for Customer Experience in Qatar”, “Best Islamic Bank for Digital Customer Experience in Qatar”, “Best Bank for Cash Management”, and “Outstanding Account Opening and Onboardi
05/12/2022
Bahrain-based Bank ABC Q1 net profit rises 3pc to $31m
The balance sheet remains strong with capital and liquidity ratios well above the regulatory requirements: the group’s T1 Ratio is 16.6%, comprising predominantly 14.7% CET1, LCR 247% and NSFR 124%.
05/12/2022
Dukhan Bank reports QR392m net profit for Q1
Total shareholders’ equity exceeded QR14bn, and the capital adequacy ratio stands at 18.3 percent in accordance with the Basel III requirements,
05/11/2022
Top 10 Saudi banks post 15.5% surge in 2021 net income
A&M’s KSA Banking Pulse examines data of the 10 largest listed banks in the Kingdom, comparing the FY’21 results against FY’20 results.
05/05/2022
GCC central banks raise interest rates after US Federal Reserve move to curb inflation
Consumer prices in the world's largest economy rose 8.5 per cent in March
05/03/2022
Emirates Development Bank showcases its pivotal role
EDB has launched new services that support financial inclusion, including its digital solution for SMEs and start-ups, which resulted in more than 1,000 new accounts being created within the first six months of its launch
05/02/2022
Arab Bank Group reports $166 million in net profit for first quarter of 2022
The result is a 29.4 percent increase over the group’s Q1 2021 performance