05/06/2021
National Bank of Bahrain's Q1 net profit soars to $41m
The increase is predominantly attributable to the mark-to-market movements of the Bahrain Sovereign bond portfolio.
Retail Banking
05/06/2021
Mashreq and Oracle Collaborate to Develop the Future of Transaction Banking
Oracle’s transaction banking platform is a componentized building framework that drives faster product innovation through a flexible, efficient product and process development architecture.
05/05/2021
UAE banks' weakening credit quality may drive loan restructuring
The UAE Central Bank has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus crisis on the economy.
05/05/2021
NBK assigns Surra branch to provide international banking services
For quick and easy international banking from inside Kuwait
05/05/2021
Riyad Bank signs MoU with Bab Al-Khair Medical Services to establish first non-profit hospital in the Kingdom
The MoU was signed by Eng. Sobhi Batterjee, Chairman of the Board of Directors of Bait Al-Batterjee Foundation and Naif bin Mansoor Shalabi, Regional Manager of the Western Region at Riyad Bank
05/04/2021
UAE national banks post Dhs7.7 billion net profit in first quarter of 2021
The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement.
05/04/2021
HSBC launches Green Deposits for corporate and institutional clients in the UAE
HSBC is first bank in the UAE to offer a green deposit account
05/04/2021
Arab Bank Group reports first quarter 2021 net profit of $128.3 million
The consolidation of Oman Arab Bank under the Group accounts has materially increased the size of Group balance sheet during this period, with total assets increasing by $8.1 Billion and loans and deposits each increasing by $7.1 Billion
05/03/2021
Dukhan Bank first-quarter net profit jumps 10.3%
Customer deposits balance rose to QR68.3bn
04/30/2021
Commercial Bank of Dubai ’s profit up 3.1% at $88.55mln
Total assets of the bank surged 5.2% to $27.92bln in the first quarter
04/30/2021
Mashreq posts $11.71mln net profit in Q1
The bank's first-quarter operating income surged by 19.7% over the previous quarter
04/29/2021
Extreme prudence required as headwinds remain: Dubai Islamic Bank CEO
Lender's net profit reached $232mln in first quarter of 2021
04/29/2021
Ebdaa Bank: Almoayyed's a prominent Arab model for successful businesswomen
This was declared in the bank's statement on the occasion of selecting H.E. Mona Almoayyed, CEO of Y.K. Almoayyed & Sons by Gulf Business magazine, as one of the most powerful Arab personalities for the year 2021
04/29/2021
Omani banks face rising bad loans amid slow economic recovery
Corporate loan deferrals are significant and, unless extended, will pose sizeable risks to asset quality when they expire in September
04/29/2021
Saudi National Bank posts 20 percent rise in quarterly profit
The Saudi bank said total operating income increased by 8.8 percent mainly due to higher net special commission income, investment related income and higher fees from banking services.
04/29/2021
SABB highlights role in acquiring ‘green’ loan for TRSDC
As the Kingdom’s most international bank, we have a unique opportunity to bring new banking capabilities such as green loans to Saudi Arabia.
04/28/2021
History of banking in the UAE
How the industry came into existence and has been constantly evolving in the UAE
04/28/2021
Dubai's Gulf Navigation refinances its biggest loan, eyes Dh4m in savings
Vessel operator has already paid off its loans to ADCB and expects a profit for 2021
04/28/2021
NBB introduces 'Tamweel Al Watani' scheme to small and medium enterprises
The new financing plan further empowers SMEs, aiding them in their sustainability goals, while simultaneously improving cash flow positions across the Kingdom
04/28/2021
National Bank of Fujairah PJSC reports Q1 2021 results
NBF bounced back to profitability with a first quarter net profit of AED 42.0 million and operating profit growth of 32.5% quarter-on-quarter