03/08/2023
QDB unveils first of its kind co-investment product for start-ups; pitches QR3.65mn per deal
More than 870 start-ups and small and medium enterprises have benefited from QDB’s products
Retail Banking
03/07/2023
Khaled AlHammadi to lead Commercial Bank of Dubai's retail banking program as General Manager of Personal Banking Group
AlHammadi to lead retail banking program and drive innovation and customer-centricity
03/07/2023
SABB and Saudia offer special rewards for Alfursan program members
With SABB Alfursan Mastercard credit card
03/02/2023
American Express Saudi Arabia expands ATM network with Bank AlJazira
By allowing access to ATM withdrawal transactions to be processed with more convenience, the company seeks to strengthen its presence within the Kingdom and diversify value offerings to its Cardmembers.
03/01/2023
FAB to distribute $1.5bln cash dividends after record net profit
Payout for 2022, approved by shareholders at recent meeting, is up 7% from 2021
02/27/2023
Bank credit in Oman grows 4.8% to RO29.2bn in 2022
The share of financial corporations was 5.3 per cent in total private sector credit, while other sectors received the remaining 3.7 per cent as of end-December 2022.
02/24/2023
NBK ties up with AFS for point-of-sale services in Bahrain
Majority-owned by Bank ABC, AFS is a regional digital payment solutions provider and fintech enabler, and a leading merchant acquirer in Bahrain
02/23/2023
Banks across Egypt, Morocco, and Jordan face an uncertain 2023
S&P says Egypt's growth should continue to slightly outpace peers
02/22/2023
Ithmaar Bank reports $22mln net profit for 2022
Bank continues to report profits for the year as it has started the next phase of growth as an exclusively corporate-focused Islamic bank
02/22/2023
Commercial International Bank - FMO and CIB Sign USD 50 mln Credit Guarantee to Support SME Customers in Egypt
The signing ceremony took place on Thursday, 9 February 2023, at the Dutch Embassy in Cairo, Zamalek.
02/22/2023
Riyad Bank goes live in the Kingdom of Saudi Arabia with the E-invoicing ZATCA integration; enabled by SunTec Xelerate
SunTec is enabling the ZATCA integration for the top five banks in the KSA region
02/20/2023
KFH – Bahrain launches all-new contactless Visa Infinite credit card
This comes as part of the Bank’s ongoing efforts to develop its retail services for its high-net-worth clients
02/20/2023
SABB wins Best General Clearing Member Award at Saudi Capital Market Forum
The award recognizes SABB’s efforts in delivering the best post trade cash clearing and settlement services to financial institutions in the Kingdom
02/15/2023
Local banks increase activity in concluding joint loan deals
The contribution came in various shares, including government projects directly, and projects of companies from the private sector.
02/14/2023
RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022
The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase
02/13/2023
Bank ABC 2022 attributable net profit soars 55pc to $154m
These strong revenues contributed to the group delivering a robust overall performance during 2022, with a headline net profit attributable to the shareholders of the parent of $154 million, up 54% on 2021.
02/10/2023
First Abu Dhabi Bank says not currently evaluating offer for StanChart
News of the potential offer first came on Jan. 5, when FAB said it had considered a bid for London-listed Standard Chartered but was no longer doing so
02/10/2023
Burgan Bank Kuwait posts net income for FY 2022
Reporting Revenues of KD 232 million and Operating Profit of KD 125 million
02/09/2023
SABB increases net profit by 52% to SAR 4,872mln during 2022
Total operating income increases 26% to SAR 9,697 million for the year
02/08/2023
Dubai Investments' 2022 profit soars to Dh1.6b helped by stake sale in Emirates District Cooling
Dubai industrial park operator sold controlling stake in district cooling firm