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
Retail Banking
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
11/08/2022
Commercial Bank holds grand prize awarding ceremony at CB Premium Place Vendome
The Grand Draw took place on Monday, October 31, 2022 at the CB Plaza main office with the presence of Ministry of Commerce and Industry representative.
11/04/2022
Emirates NBD observes UAE Flag Day
Group employees from more than 80 Nationalities celebrated the UAE Flag Day
11/03/2022
FABMISR announces successful integration of all banking services with Bank Audi Egypt
Starting with the legal merger, FABMISR concluded the merger process through several stages, wherein, all assets proceeded to operate under the new brand in April 2022.
11/03/2022
UAE Central Bank raises interest rate by 75 basis points
The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time
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
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