11/24/2022
BAB highlights role of banks in supporting recovery plan
The BAB Board of Directors elected Najla Al-Shirawi to the position of Vice Chairman.
Retail Banking
11/23/2022
UAE banks outperform lenders in US and emerging markets, EFG Hermes says
With strong fundamentals, the banking sector has bright prospects for future growth
11/22/2022
StanChart sees Asia, Middle East as bright spots in weak global economy
StanChart, which operates in 59 countries with a focus on Asia, Middle East and Africa, is seeing its European and U.S. clients move more business to low-cost Asia.
11/22/2022
QNB Group, Ajlan & Bros Holding strategic partnership to grow digital banking presence in Saudi Arabia
This agreement came as part of both Groups’ strategic plan to grow their digital banking presence and investments in Saudi Arabia.
11/18/2022
Banque Saudi Fransi completes $700mln notes offering
The offering has yield of 5.5%
11/18/2022
Dubai Islamic Bank and Al Ramz Corporation announce strategic alliance
The brokerage service was earlier provided through its subsidiary Dubai Islamic Financial Services (DIFS)
11/17/2022
GCC retail sector set for 15.7% growth in 2022 but greater digital focus is needed: Alpen Capital
Qatar will see the highest growth in the region during 2022, with its sales expected to reach $18.5 billion
11/17/2022
Chairman of Bank Leumi Promotes Economic Collaborations in the Middle East
"Leumi would be more than happy to establish joint ventures with like-minded banks from the region in order to advance the banking ecosystem and customer experience"
11/16/2022
HSBC Oman board approves merger agreement with Sohar International
The merger is expected to complete in H2 2023
11/16/2022
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan forms part of the firm’s Private Sector Development Strategy.
11/15/2022
Al Salam Bank's Ithmaar unit acquisition valued at $2.2bln
The full transition of Ithmaar Bank’s consumer banking services to Al Salam Bank is expected to be completed within 2022, Al Salam Bank has said
11/15/2022
Al-Othman: Weyay Bank exceeded its customer acquisition goal by 300%
At the "MoneyTech" Summit, Head of Consumer Banking Group at NBK
11/14/2022
GIB achieves 30% increase in Net Profit for the nine-month period ended 30th september 2022
GIB reported a net profit attributable to the shareholders of the bank amounting to $11.6 million
11/14/2022
Burgan Bank Launches New Concierge Services in Partnership with Peacock Concierge
The partnership marks a major leap in the premium quality of services offered by the bank to its elite customers.
11/14/2022
QDB launches ROWAD Qatar 2022 in new format featuring comprehensive digital platform
The digital platform promotes the culture of entrepreneurship and underscores the importance of strengthening & diversifying the local private sector.
11/11/2022
S&P upgrades Commercial Bank’s rating to A- from BBB+
Commercial Bank is also rated by Moody’s at A2/P-1 and Fitch at A-/F2, both with stable outlook.
11/10/2022
Deutsche Bank expands support for Egypt’s sustainability ambitions
Joins six bank working group to advise on attracting private finance at scale for transition projects
11/10/2022
Abu Dhabi-based IHC reports 236 per cent rise in profit for first nine months
Continued momentum in direct and indirect acquisitions were the main drivers behind the growth rate over the previous year’s quarter, with IHC’s total assets increasing to Dhs198.8bn
11/10/2022
Mashreq Bank to facilitate sustainable financing worth $30bn by 2030
This deal is the largest ever sustainability-linked loan in the entire Middle East and North Africa region.
11/09/2022
SABB launches a new prepaid procurement card for corporates and businesses
Enables corporates and businesses to optimally manage payments in a smarter and safer way