07/12/2022
QNB financial results for the six months ended 30 June 2022
Net profit for the six months ended 30 June 2022 reached QAR7.8 billion
Retail Banking
07/12/2022
Balance between Saudi bank deposits and loans turns negative for the first time since at least 2013
In absolute terms, total bank credit increased by SR16.3 billion to SR2.19 trillion in May from SR2.18 trillion in April while total deposits decreased by SR3.6 billion over the same period.
07/12/2022
Mashreq Bank signs e-sports partnership with Galaxy Racer
The first-of-its-kind partnership will enable the bank to reach the next generation through digital-focused initiatives within the gaming and esports sector
07/08/2022
Qatar National Bank's net profit rises 12.3% in second quarter
QNB said "before the impact of hyperinflation" net profit for the period was 7.9 billion riyals.
07/07/2022
ila Bank to give ten travellers up to $13,264 cashback
All ila ‘Blue’ and ‘Switch’ credit cards, including supplementary cards, POS transactions and ATM cash withdrawals will be taken into consideration for the draw, while e-transactions will be excluded.
07/06/2022
Ithmaar Bank inaugurates new Main Branch for businesses
The Main Branch is strategically located right next to Seef Mall, at the heart of Seef District, a thriving and fast-growing commercial area.
07/05/2022
UAE-Based Digital Bank YAP Raises $41M to Expand to Saudi Arabia, Pakistan, Egypt
YAP initially debuted in 2021 and, with a partnership from RAK Bank, has become the UAE’s first independent digital banking platform, per the report.
07/05/2022
Boubyan Bank launches Boubyan's Visa FIFA World Cup Qatar 202 prepaid card
Timed With the World’s Celebrations of the Imminent Kick-Off of the FIFA World Cup
07/04/2022
Qatar First Bank acquires Gateway Plaza Building in the US
The acquisition is the Bank’s eleventh Shari’a compliant real estate investment in the US, located in Richmond, Virginia
07/04/2022
Al Nukhba Referral Scheme for ahlibank’s customers
Existing customers could get up to OMR 150 when referring a family member, friend, or acquaintance to open a new Al Nukhba account
07/04/2022
Top retail professionals of the region honored at RetailME Summit
V. Nandakumar of Lulu Group awarded Retail Marcom ICON’22
06/30/2022
HSBC recognised in nine of The Banker’s ‘Deals of The Year 2022 - Middle East’
This year saw HSBC’s recognised deals increase from six to nine, and included QatarEnergy’s $12.5bn triple tranche bond, for which the bank was active joint bookrunner.
06/29/2022
DIFC launches region’s first open finance lab
The six-month programme includes banks, fintech players, regulators and the industry with the potential to unlock the next wave of growth for the sector
06/29/2022
Dukhan Bank wins 9 accolades at MEED’s Excellence Banking Awards 2022
The Bank’s range of Shariah-compliant wealth management won the bank a further award for Outstanding WM Service for the Affluent.
06/28/2022
National Bank of Egypt to open its first branch in South Sudan on June 28
The bank’s presence in Africa will provide various banking and advisory services to Egyptian companies that aim to invest in the African market
06/27/2022
QIB receives 4 prestigious awards at the MEED MENA Banking Excellence Awards 2022
Recognized as “MENA Retail Bank of the Year”, “Best Retail Bank in Qatar”, “Excellence in Mobile Banking” and “Best App for Customer Experience”
06/27/2022
GCC bank deposits are ‘remarkably stable’ says S&P Global
Despite being based in a region prone to disruption, Gulf Cooperation Council banking systems are resilient to geopolitical stress, according to the financial analysts
06/27/2022
Qatar banks could be ‘trail-blazers’ for world-leading payments system
Opportunity being offered by a UK-headquartered fintech business
06/26/2022
BAB Chairman receives top banking award
"While we express our pride in this honourable achievement, we see the award as a tribute to the entire banking industry as well as the Kingdom of Bahrain, which has become a prominent global player in the banking, financial and development spheres.
06/24/2022
FAB partners with Yale to launch global think tank and leadership platform
Institute of the Future will focus on agenda setting, information sharing and policy shaping, the Abu Dhabi lender says