07/21/2023
UAE's top bank FAB Q2 profit up 61%, beating estimates
The bank posted a net profit of $1.14bln in the quarter
Retail Banking
07/20/2023
Ahlibank half yearly net profit jumps 8.8% to QR360mn
Attracting key Qatari talents to the bank and training them to assume leadership positions in the future
07/19/2023
Commercial banks deposits reach QR954.539bn in May
The money supply1 (M1) amounted to QR154.603bn during May 2023 showing an annual decline of 8.3 percent.
07/19/2023
Oman Arab Bank appointed as lead arranger in $1.2bln syndicated loan for OQ Gas network
To date, Oman Arab Bank, as a Group, along with its strategic partner Arab Bank PLC and its sharia compliant 100% subsidiary Alizz Islamic Bank, has spearheaded the financing of several notable mega-scale projects
07/18/2023
KIB offers its customers tips for a safe banking experience during the travel and holiday season
Al-Suwaidan added that cardholders must learn their passwords by heart instead of writing them down and should not share them with anyone.
07/14/2023
NBK maintains leadership position in attracting top Kuwaiti talent
Bank upholds highest Kuwaitization rates
07/13/2023
Bank Muscat opens a new Asalah Centre in its branch in Izki
Asalah Visa Signature credit cardholders can enjoy airport lounge access at more than 1,000 lounges worldwide, up to 12 times a year, and a 24/7 global concierge service.
07/13/2023
Emirates NBD leads MENA’s banks in offering fractional bonds
The DFM-listed lender became among the first banks in the MENA region to provide such a service
07/13/2023
Abu Dhabi Islamic Bank raises $750m from sukuk issuance
The tier-one Sharia-compliant issuance was nine times oversubscribed
07/13/2023
Bank ABC in Jordan Supports the National Forum for Awareness and Development
This training program aims to promote awareness in communities by empowering young volunteers, enhancing their sense of responsibility and training them to take part in raising awareness of this serious scourge in all sectors of society.
07/12/2023
SAB now an official signatory to Principles for Responsible Banking
“Together, we can create a more sustainable future for the next generations.”
07/11/2023
Gulf's biggest bank by assets Qatar National Bank H1 net profit up 8%
The profit rise was driven by credit growth and customer deposits, QNB said
07/11/2023
QNB Group’s H1 2023 net profit jumps 8% to $2.1bn
The bank’s operating income jumped 14 per cent year-on-year to QAR18.5bn compared to the same period a year earlier
07/10/2023
Saudi business sector boom spurs growth in bank credit
SAMA’s recent monthly report revealed that the segment also recorded a 21 percent increase in bank credit compared to SR4.11 billion in April.
07/10/2023
Nomo Bank signs strategic partnership with Blueprint
Partnership to offer best property finance solutions for customers in Kuwait, region
07/10/2023
Top Egypt bank gets $250 million in loans with eye on green work
The bank signed a 7-year $100 million loan to finance sustainable projects
07/10/2023
KIB offers exclusive services to Visa Infinite credit cardholders
As part of its “Peace of Mind with Black Concierge” campaign
07/10/2023
ADCB rebrands Wholesale Banking to Corporate & Investment Banking
Reflecting its enhanced suite of banking and capital markets solutions
07/07/2023
Turkish neobank Papara becomes latest unicorn following acquisition of Spain’s Rebellion
Papara has purchased Rebellion from Beka Finance, the Spanish financial services company, as it looks to gain a foothold in the digitally thriving Spanish market.
07/05/2023
Central Bank of Oman issues treasury bills worth $90.9m
The tranche worth 20 million rials had a maturity of 28 days, and per 100 rials the average and minimum accepted price reached 99.665 rials.