10/20/2022
National Bank of Kuwait logs $1.2bln 9M net profit
Net profit for the three-month period ended 30 September 2022 reached $438.9 million, a year-on-year increase of 45% from the comparable period in 2021
Retail Banking
10/20/2022
United Arab Bank launches ‘Tomouh' to empower Emirati graduates
The program will offer more opportunities to skilled and talented Emirati graduates in the banking sector
10/19/2022
Emirates Development Bank approves Dhs4.4bn in loans in first nine months of 2022
Emirates Development Bank approved Dhs1.3bn towards financing mSMEs and Dhs3.1bn to fund industrial development and infrastructure projects
10/18/2022
Burgan Bank takes part in KBA’s 80 years of banking event
The Burgan team joined the rest of the high-level invitees to the exclusive event, including the Kuwait delegation to the Annual Meetings, Kuwait’s Ambassador to Washington, DC, Jasem Mohamed Albudaiwi and key decision makers from across Kuwait
10/18/2022
QIB posts profit of QAR 2,850mln for the nine months’ period ended 30 September 2022
Total assets at QAR 184bln
10/17/2022
Commercial Bank delegates receive ‘Best Bank in Qatar’ award at Global Finance’s ceremony
Commercial Bank has been selected as the winner of the “Best Bank in Qatar” Award for the third time in five years by Global Finance’s editorial board based on extensive consultation with bankers, consultants and industry analysts.
10/17/2022
Commercial Bank participates in IIF and IMF meetings in Washington DC
With this participation, Commercial Bank enhances its leading position as a pioneer in innovation banking on the local and global level.
10/14/2022
Bank Muscat posts net profit of over $385mln till end of September
The Bank posted a net profit of RO 148.29 million for the period compared to RO 140.16 million reported during the same period in 2021, an increase of 5.8 per cent.
10/14/2022
Bahrain’s innovation ecosystem facilitates rapid digital transformation
Forward-thinking financial regulations in Bahrain not only allow fintech innovation to flourish, they are also increasing the sophistication of the country’s financial ecosystem.
10/12/2022
Ahli United Bank and Montran Corporation to Deliver Virtual Accounts Management to Ahli United Bank Corporate Clients
Ahli United Bank will enhance its value propositions for its various corporate client segments in the Middle East and North Africa via Montran's next-generation solutions
10/12/2022
Bank of Bahrain and Kuwait B S C : Invest and live in Dareena Dilmunia with Mortgage Loans from BBK
On this occasion, BBK and Ithmaar Development Company, the main developer of Dilmunia Island, have inked a partnership agreement at Ithmaar Development Company headquarters located at the Bahrain Financial Harbour.
10/12/2022
LuLu Exchange teams up with digital lender Wio Bank to offer cash deposits for SMEs
Partnership is part of the remittance company’s drive to transform its network as an enablement centre for financial institutions
10/11/2022
Bank ABC commences regional rollout of mobile-only bank ila
Powered by Bank ABC, ila Bank brings a wide range of smart banking products and services to customers 24X7, with simply a swipe on their mobile screens.
10/11/2022
CBB Sukuk Al-Salam securities fully subscribed
Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a maturity of 91 days
10/11/2022
Bank ABC commences regional rollout of mobile-only bank ila
On back of its phenomenal success and customer adoption rates in Bahrain, the region’s first exclusively cloud-native digital bank, ila now offers its revolutionary banking experience to the Jordanian population.
10/10/2022
Commercial Bank International to launch metaverse location
CBI’s virtual location is now open for visitors and can be found in Decentraland at cbi.dcl.eth or (63, -127) using the Decentraland map coordinates
10/10/2022
Doha Bank announces FIFA World Cup campaign winners, courtesy Visa
The opportunity to experience the FIFA World Cup excitement is still well within reach, as the next lucky draw campaign will up the prize pool to a grand total of 200 tickets, meaning 100 lucky winners can take part in the exhilarating thrills of the FIFA
10/07/2022
ADIB joins e& enterprise blockchain platform UAE Trade Connect
ADIB will use the UAE Trade Connect platform to detect fraud and dubious transactions in the trade finance area
10/05/2022
Doha Bank recognised by MoL for Qatarisation efforts
The National Talent Acquisition and Development programs at Doha Bank aims to employ and develop the National talent to advance their career and be exceptional Leaders in diverse spheres of the Bank.
10/05/2022
ADCB may divest from Abu Dhabi Commercial Properties
The Abu Dhabi lender considers exiting the property management services business to focus on the growth of its core business