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
Retail Banking
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
03/28/2022
Mashreq Bank launches Neopay to consolidate and grow
NEOPAY will also provide Issuer Processing and Acquiring Processing services to financial institutions and fintechs.
03/27/2022
Lebanon political stalemate, accounting rules distort Bank of Sharjah financials
UAE operations remain profitable, resolution to Lebanon woes likely in medium term
03/24/2022
QIB announces promotion winners
To attend the opening match of the FIFA World Cup Qatar 2022™ in partnership with Visa
03/24/2022
Visa for Arabia: We are working with the Saudi central bank to develop the electronic payments sector
“We are working with the Saudi central bank and electronic payments to increase the size of the sector,” Belon added.
03/23/2022
ADIB participates in its first green finance deal in KSA with $61 million green financing provision
A group of banks provided green finance worth $480mln for three independent sewage treatment plants in Saudi Arabia
03/22/2022
NBE, Banque Misr issue 18% saving certificate
Banque Misr will offer the fixed-return rate Talaat Harb certificate
03/22/2022
HSBC partners with INJAZ Egypt to expand in 4 countries
The program helps young people aged between 12 and 16 to raise their financial awareness and boost their self-confidence.
03/22/2022
NBK-Bahrain reports net profits of BHD 117.68mln (KD 94.57mln) for 2021
NBK-Bahrain’s profits reflect the success of our strategy for expansion and diversification of income sources
03/21/2022
Dukhan Bank posts QR1.19bn net profit in 2021
Dukhan Bank’s strong asset liability management capabilities enabled it to improve its financing to deposits ratio to under 98% from above 100% at end- 2020 reflecting the improvement in the Bank’s overall liquidity position.