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
Retail Banking
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
02/08/2023
QCB grants B2M Trading Company license for digital payment services
QCB said that the license comes in continuation of its efforts to develop and reinforce the financial technology sector.
02/07/2023
SICO’s H1 preferred picks are Dubai's Emirates NBD, Dubai Islamic Bank
The Bahrain-based brokerage said it would remain skeptical on Saudi banks
02/06/2023
Qatar banking sector assets up 3.3%
The domestic private sector loans increased by 2.1 percent MoM (+7.4 percent in 2022) in December 2022.
02/06/2023
Dukhan Bank to list shares through direct listing
The Bank was incorporated in 2008 under the name of Barwa Bank Q.P.S.C, and commenced operations in 2009 as a full-service Sharia Compliant bank.