04/12/2022
Gulf lendere QNB posts 9% rise in first-quarter profit
The Gulf's biggest bank reported a net profit of $989.6mln
Retail Banking
04/12/2022
QNB Group: Financial results for the three months ended 31 march 2022
Net Profit for the three months ended 31 March 2022 reached QAR3.6 billion
04/11/2022
NBO Customers Can Enjoy Lowest Rates When Using Prepaid Badeel Travel Card
Customers can pay in Saudi Riyals and Emirati Dirhams when using the Badeel Prepaid Travel Card with just a 0.5% load fee, five-times lower than the market average
04/07/2022
Banque Misr, NBE return on certificates in 2 weeks rises
Earlier in March, NBE and Banque Misr issued certificates of deposits with annual return of 18%
04/07/2022
QIB and QDB sign new “Al Dhameen” program agreement
QDB announced new updates to Al Dhameen program, for small and medium-sized companies, to encourage partner banks to finance projects
04/07/2022
Citi to sell Bahrain consumer business to Ahli United Bank
The deal includes Citi's retail banking, credit card and unsecured lending businesses in Bahrain but excludes institutional businesses
04/07/2022
GCC banks post $35bn profits on higher revenues in 2021
The year-on-year increase in 2021 was broad-based across the GCC with profits for Kuwaiti banks almost doubled to US$2.9bn.
04/06/2022
Ahlibank awarded ‘Top Omani Brand in Banking’ by Alam al-Iktisaad
The award marks a new chapter in ahlibank’s history, which has seen it grow exponentially with a rightful position of being one of the fastest growing banks in the country
04/06/2022
KHCB introduces Apple Pay through the Khaleeji Mobile App
As part of its constant endeavours to provide the latest digital services to its clients
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.
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