11/01/2022
World Bank expects UAE's real GDP to grow by 5.9% in 2022
Recent bilateral free trade agreements with Asian partners supported by strong oil exports will place the UAE's current account surplus
Retail Banking
11/01/2022
Arab Bank’s profit for first 9 months up nearly 50% on higher interest, loans
Bank also reports growth in commission income, deposits
10/31/2022
Capital Bank’s profits hit JD 80mln by the third quarter of 2022, a 52% increase
Al-Salem: The group’s assets rose to approximately JD6.7 billion by the end of September, and shareholders’ equity amounted to JD638 million
10/28/2022
Saudi Arabia's SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn
According to the statement, Credit Suisse is aiming to separate its investment bank to create CS First Boston, focused on advisory and capital markets, and hopes to attract third-party capital.
10/28/2022
Credit Suisse Becomes Part of Saudi Crown Prince's Vision
The largest Saudi bank, with around 11 million customers, emerged last year from the merger of the National Commercial Bank and the Samba Financial Group.
10/28/2022
BBK discloses its financial results for the period ended 30th September 2022
The growth in net profit is attributable to robust increase in income from core activities.
10/27/2022
Dubai’s biggest lender Emirates NBD posts 51% rise in Q3 net profit
Group profit was up 25% on strong diversified income growth
10/27/2022
National Bank of Fujairah posts 155.1% rise in nine-month net profit
The lender posted an operating profit of Dhs932.5m for the first nine months of the year, marking a 25.1 per cent rise compared to the previous year
10/26/2022
QNB named Best Private Bank in Middle East
Winning the award demonstrates the dedication that QNB Private Banking promises to its clients, and its continuous effort to develop a long-term relationship with them to meet their needs and help them achieve their financial objectives.
10/26/2022
Gulf Bank of Kuwait and Mastercard revolutionise checkout experience
By pioneering embedded Click to Pay technology
10/26/2022
FAB's nine-month profit jumps 19% on lower provisions and higher interest income
Net impairment charges for loan losses fell 11 per cent to $472m
10/26/2022
Mashreq Bank Q3 profit jumps to $326.7mln
CEO said despite global financial headwinds, the bank is in a position to build on “robust” results
10/25/2022
Abu Dhabi Commercial Bank reports record quarterly net profit of $433mln
Solid earnings growth as UAE economy remains resilient against challenging global backdrop
10/25/2022
Dubai Islamic Bank Nine Months 2022 Group Financial Results
The Board has full confidence in UAE’s efforts in demonstrating effectiveness to the Financial Action Task Force
10/24/2022
Omani banks’ profits rise 13% to RO308mn in first nine months of 2022
The preliminary financial results showed that the total banking sector assets increased to RO36.2bn at the end of September 2022 from RO35.4bn recorded a year ago.
10/21/2022
Boubyan Bank records Net Profit of KD 49mln for the period ended September 2022
Profit growth of 52%
10/21/2022
Qatar's Commercial Bank revenues exceed $600m in 9 months
"The Bank also continues to benefit from Qatar's strong economy and this should only increase with the onset of the 2022 FIFA World Cup and its positive impact on the country."
10/21/2022
Al-Mansour Bank share price increases 14%
During Last Month, Over-performing RSISX index by 7%
10/21/2022
Al-Marzouq: KFH Achieved KD 205.8 Million Net Profit up to the end of Q3 2022; an increase of 22.4%
Total assets for Q3 of 2022 reached KD 22.67 Billion; an increase of KD 880.1 million or 4% compared to end of last year.
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