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
Retail Banking
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
10/19/2023
Oman Arab Bank’s OMR 50mln perpetual bonds issuance oversubscribed by 60%
The bonds will carry a coupon rate of 7.00% p.a. for the first five years and will be listed on the MSX
10/18/2023
Qatar Islamic Bank posts 7% rise in M9 2023 net profit
Assets grew nearly 2% in the period
10/16/2023
Oman's Bank Muscat H1 net profit up 7% on higher interest income
Provisions for credit losses were slightly higher on year
10/13/2023
NBK Garlanded with Four Prestigious Awards at Qorus Banking Innovation Awards 2023
In ESG, SME Banking, Innovation in Payments, and Customer Experience Categories
10/11/2023
FAB successfully completes pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments
The pilot phase, executed seamlessly and within satisfactory response times, have demonstrated the capabilities and potential of blockchain technology in enhancing cross-border payment solutions
10/11/2023
Commercial Bank introduces unique and new shariah-compliant fund with Franklin Templeton
Wealth Management is an important strategic objective for Retail Banking at Commercial Bank as it allows us to provide our customers with a wide range of investment solutions in line with their financial aspirations.
10/09/2023
Qatar banking sector total assets rise by 0.3% in August
The banking sector total loan book moved up 0.2% MoM (down 0.7% in 2023) and deposits went down marginally MoM (-7.1% in 2023) in the month of August 2023
10/09/2023
Egypt banks set new limits for cash withdrawals, purchases abroad
Some Egyptian banks have set new limits for using their cards abroad to curb abusive practices that drain the country’s foreign currency reserves.
10/06/2023
Kuwait banks deposit with foreign banks plummet 17.6 pct in 2023
Kuwait central bank actively working to maintain the attractiveness of the dinar
10/04/2023
Al Salam Bank launches women leadership programme ‘Qaedat’
The launch of the programme is in line with the vision of the Supreme Council of Women to empower Bahraini women and support their active participation in various sectors
10/03/2023
NBB Wins ‘Best Bank for ESG in Bahrain’ for Second Year at Euromoney Awards for Excellence 2023
The highly acclaimed award reflects the Bank’s significant achievements towards Environmental, Social and Governance (ESG) practices.
09/29/2023
Fitch affirms Commercial Bank’s rating at ‘A-’ with positive outlook
The rating is driven by a “strong propensity” of support from the Qatari authorities and reflects Qatar’s strong ability to support domestic banks
09/27/2023
Oman bank credit jumps 8.7% to reach RO30bn mark in July
The share of financial corporations was 5.9%, while other sectors received the remaining 3.7% of total private sector credit.
09/26/2023
First Abu Dhabi Bank hires lenders for Tier-2 dollar bonds - document
A Tier-2 bond issue maturing in 10.5 years might follow and would be non-callable for 5.5 years.
09/25/2023
Rain ADGM launches instant AED banking deposits and exclusive OTC desk for institutional clients in the UAE
This further enhances our banking infrastructure and users in the UAE can benefit through a secure and seamless transition from fiat currency to virtual assets.