04/05/2022
Citi to Sell Bahrain Consumer Bank
Employees of the consumer business in Bahrain will be offered employment from AUB on the completion of the transaction, which is subject to regulatory approval, Citi said.
Retail Banking
04/05/2022
Commercial Bank wins ‘Best Bank in Qatar’ award by Global Finance
All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world.
04/04/2022
SABB launches Kingdom’s first inventory financing product
The new product is an extension of the bank’s financial solutions for its corporate clients.
04/04/2022
Bahrain's CBB wins ISO certification in business management system
ISO provides an approved standard for organizations to assess their level of efficiency and business continuity capabilities and duties even during times of crises
04/04/2022
Emirates Development Bank announces $520m contribution to the UAE's GDP
The lender provided direct and indirect financing to 1,350 SMEs in priority sectors
04/04/2022
QCB role decisive in Qatar banks' stability, strength and ratings: Al-Shaibei
The figures and indicators speak for themselves noticed in the results disclosed by the banks, the high credit ratings they enjoy from various international rating agencies, he said.
04/04/2022
Saudi banks continued to post strong credit growth in February, says SAMA report
On a year-on-year basis, total assets grew 9.7 percent, rising by SR291 billion, Saudi Central Bank data revealed.
04/01/2022
Egypt’s banks increase focus on consumer opportunity
Egypt’s supportive regulation, together with the impact of Covid, saw cashless payments in the country grow by more than 230% last year. Now fintechs, banks and state-owned platforms all want a piece of the action.
04/01/2022
NBB highlights achievements at investors meeting in Bahrain
The meeting discussed the group’s financial results as well as ESG accomplishments, showcasing the bank’s performance and initiatives undertaken throughout the same time period
04/01/2022
Crédit Agricole Egypt inaugurates new branch in Palm Strip Mall
CAE selected the new branch’s location after conducting a geo-market study to identify geographical gaps
04/01/2022
Emirates NBD partners with the world’s leading innovation platform Plug and Play
Emirates NBD to get global access to Plug and Play’s global start-up ecosystem
03/31/2022
NBO shareholders approve capital raising plan and dividend payout
The bank’s EGM saw the approval of capital raising plans which may take the form of a new issue of additional tier 1 capital for a benchmark size in the region of up to US$300mn.
03/31/2022
Al Baraka Banking Group holds its AGM and EGM
The meeting was held in the presence of the Group Chief Executive Officer, Mr. Mazin Manna, as well as the Board of Directors and Executive Management, with the participation of shareholders, representatives of the Shari’a Supervisory Board (SSB), t
03/31/2022
Banque du Caire unveils official joining of UNEP FI
This move aims at encouraging sustainable banking practices
03/30/2022
EDB named Official Banking Partner of AIM 2022
An initiative of the UAE Ministry of Economy, AIM 2022, which will see the participation of some of the world’s leading investment specialists
03/30/2022
Egypt state banks sell $16.6 bln in 18% CDs, absorbing post-devaluation liquidity
The central bank began reducing the size of the open market operations in recent weeks
03/29/2022
First Abu Dhabi Bank to buy Egypt’s EFG Hermes
First Abu Dhabi Bank expanded into Egypt last year through the purchase of bank Audi’s local unit, as part of its strategy to expand overseas.
03/28/2022
Social Development Bank allocates $2.9bn to support Saudi entrepreneurs
The bank also signed several agreements with strategic partners to provide training to Saudi entrepreneurs.
03/28/2022
BankDhofar raises a SOFR linked dual tranche syndicated term facility
The syndication was oversubscribed on the back of very strong participation from regional banks and banks from Asia
03/28/2022
QNB Al Ahli launches instant payment service
Qatar National Bank Alahli (QNB Al Ahli) (QNBA) has launched instant payment service in collaboration with Egyptian Banks Company