07/22/2020
OAB opens new branch in Al Khoud
Similar to the other transformed branches, the new Al Khoud branch features an enhanced brand identity with a refreshed look and feel, coupled with contemporary design.
Retail Banking
07/22/2020
Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment
The increase makes Banque Misr the largest shareholder in CI Capital's ownership structure, followed by Global Holding Group with 10.056%, then CIB - Egypt with 7.561%, and Mahmoud El Gamal Charitable Foundation with 5.439%.
07/22/2020
Qatar- Commercial Bank bags 'Excellence in Leadership in the Middle East' Award 2020 from Euromoney
We have taken most of our offerings digitally through our mobile application and internet banking
07/20/2020
Emirates Islamic Bank nets Dh12m as first-half 2020 profit
Bank attributes drop in profitability to higher impairments as well as COVID-19
07/20/2020
Emirates NBD reports Dh4.1b first-half 2020 net profit, down 45% year-on-year
Drop in profit numbers attributed to higher provisions and absence of one-off gains
07/16/2020
QIB posts profit of QAR 1,426.5 Million for the six months’ period ended 30 June 2020 Total Assets reach QAR 165.8 Billion
QIB’s efficient risk management framework has ensured that the H1 2020 results have not been materially impacted by the events related to Covid-19.
07/16/2020
National Bank of Bahrain awarded ‘The Middle East’s Best Bank Transformation’ By Euromoney Awards for Excellence 2020
The awards stand testament to the efforts exerted over the course of the last three years to transform NBB into an institution focused towards the future and a solid, and agile entity that can adapt to changing market dynamics.
07/14/2020
Khaleeji Commercial Bank launches its open banking services platform
The platform is beneficial for clients in a way where they can define budgets, monitor payments, automate the classification of transactions and conduct a comprehensive analysis of deposits and expenses.
07/14/2020
Masraf Al Rayan half-yearly net profit surges to QR1.08bn
The new entity will have total equity of more than QR19bn and expected to contribute positively to the economic development in Qatar through financing development initiatives in line with Qatar’s 2030 vision.
07/13/2020
QIB launches new mobile app for its corporate customers
With customer-centricity placed at the heart of QIB’s digital transformation, the bank found that its online platform is now largely used and praised by its corporate customers, which manage and approve the majority of their daily financial transact
07/13/2020
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Financial statements from CIB showed that the bank's net profit fell 9% during Q1 of 2020, to about EGP 2.398bn.
07/13/2020
Egypt- Banque du Caire, Nile Pioneers cooperate to support SME exports
The accepted company must have been operating for over three years and possess an active workplace, a commercial registry, and a tax card.
07/13/2020
QNB's second-quarter profit falls after loan provisions more than double
The second-quarter figure was lower than EFG Hermes’ forecast of 3.316 billion riyals for QNB, which operates in more than 31 countries, including large operations in Turkey and Egypt.
07/10/2020
Saudi NCB announces completion of issuing additional Tier 1 Sukuk
The Bank mandated NCB Capital as sole book runner, lead arranger and lead manager for the private placement offer
07/10/2020
Bank of Sharjah announces financial results for the period ended 31 December2019
The Bank's UAE operations have generated a Net Profit of AED 163 million for 2019 against AED 130 million for 2018.
07/09/2020
Al Salam Bank-Bahrain announces its virtual internship programme
Long running internship programme aimed at shaping Bahrain's future banking leaders will be conducted virtually for the first time in light of COVID-19
07/09/2020
Saudi banks witnessed improving profitability in Q1 2020 - A&M
Sector is likely to face a challenging environment due to COVID 19 headwind
07/09/2020
Doha Bank bid to bring in more financial firms from Japan to invest in Qatar’s capital market
Gudni Stiholt Adalsteinsson, Head of Treasury and Investment, Doha Bank said if one looks through the lens of global investment, then Qatar’s capital market represents strong fundamentals and good relative value.
07/08/2020
Kuwait banks warn of millions in losses as loan repayments are delayed
Al Ahli Bank of Kuwait said that its expected losses could reach 14 million dinars ($45.5 million), the Commercial Bank of Kuwait expected losses of 13 million dinars ($42.3 million) and Al Khaleej Bank expected will suffer losses of 42 million ($136.6 mi
07/07/2020
Masraf Al Rayan-al khaliji potential merger will enhance combined entity’s franchise
The proposed merger is at an early stage and subject to central bank, regulatory and government approvals, as well as the approval of the banks’ shareholders once due diligence has been completed.