03/18/2022
Lebanon's Fransabank says cannot execute cash transactions
This week's judicial order resulted from a case brought by a man who was seeking to unlock funds trapped in Lebanon's banking system since 2019
Retail Banking
03/16/2022
Arab Bank offers housing loans at the Gulf Property Show
Arab Bank’s housing loan program is open to Bahraini’s and expatriates, and offers a host of benefits that include quick loan application processing time and preferential interest rates
03/16/2022
Bank of Bahrain and Kuwait B S C : Competitive Loans that meet your needs from BBK
BBK is keen on granting loans that are highly competitive
03/14/2022
NBK’s AGM approved distribution of 30% cash dividends and 5% bonus shares
Held with a 75.46% attendance and approved all BOD’s recommendations
03/11/2022
QIB introduces Corporate Online Account Opening through its website
QIB Team will then verify if the application is complete and meets all the requirements
03/11/2022
FAB to expand MENA footprint, strengthen regional trade links with Iraq
The UAE is one of Iraq’s most important trading partners, with the value of exporting goods totalling over $13.11bln in 2020
03/10/2022
Abu Dhabi’s FAB to open representative office in Iraq
Office to primarily service sovereign and govt-related entities, financial institutions
03/09/2022
Saudi Social Development bank gives $2.9bln in loans in 2021
Over 60 percent of the bank's loans were used to finance freelance work and small businesses
03/09/2022
Egypt's Central Bank to launch online services project
With this project, citizens will be able to access all banking services in real time
03/09/2022
Bahrain’s bank sector to benefit from higher rates, credit expansion - S&P
External debt could prove vulnerable to domestic or regional stresses
03/09/2022
Abu Dhabi Commercial Bank denies report of its merger with First Abu Dhabi Bank
ADCB’s denial comes in response to a report published in Al Arabia.net
03/09/2022
Ten major Saudi banks see profit boom in 2021 amid rebounding growth
The bank results were driven by a fall in net impairment charge for financing, down SR951 million.
03/09/2022
UAE’s First Abu Dhabi Bank and ADCB deny report of potential merger
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
03/08/2022
Banking sector tops in ‘jobs for Kuwaitis’
Job opportunities for citizens holding diplomas account for 50% of the total jobs created by banks, which is about 8,319 jobs
03/08/2022
CBE says it targets providing banking services, products to all citizens equally
The official noted that Egypt’s financial inclusion rate surged over 100 percent in five years, exceeding 55 percent by the end of 2021.
03/08/2022
QIIB has maintained strong financial position, stable growth
Qatar’s economy has continued to make great leaps in achieving self-sufficiency in most of the production and service sectors
03/07/2022
NBK supports “Let’s Be Aware” Campaign for the second year in a row
As an active participant in the initiatives aiming to raise community awareness
03/04/2022
Mizrahi Bank posts highest ever profit
One of the main factors that contributed to Mizrahi Tefahot's growth in profit and ROI in 2021 was the growth in the bank's credit portfolio, particularly mortgages.
03/03/2022
Qatar banks' total assets surge 8.6% y-o-y
Looking at segment details, the government segment (represents nearly 34% of public sector deposits) fell by 6.4% m-o-m (+35.2% in 2021).
03/03/2022
Abu Dhabi Golden Visa holders to receive host of “exclusive, extensive commercial benefits”
Golden Visa holders will benefit from discounts and offers in automotive, real estate, healthcare, hospitality, health insurance and banking, including price slashes on car models, reduced premiums of health insurance plans, and offers on dining, stay, an