02/12/2021
Saudi Central Bank to launch new 24/7 instant payments system
Other benefits would include improved transparency of payments between companies and individuals, and options for customers to carry out immediate transfers between accounts
Retail Banking
02/12/2021
Qatar's 55% consumers willing to live more sustainably: Report
The report highlights, 76% of Qatar consumers are largely aware of climate change and how the issue negatively affects the environment.
02/12/2021
Commercial Bank enables payment through wearables
Commercial Bank’s newly launched service fulfills the bank’s promise of bringing payment solutions to match the evolving lifestyle of its customers; thus, becoming one of the first local banks to offer athletes and sports enthusiasts in Qatar
02/11/2021
Bank Muscat signs agreement with PDO to refinance its employee housing loan portfolio
The unique financing structure provides an efficient option for PDO to monetise the receivables of this portfolio to generate cash flow for operations and investments.
02/11/2021
S&P revises Saudi's SFG, NCB outlooks to positive on planned merger
Credit agency says merger could strengthen overall creditworthiness of new entity
02/11/2021
Al Salam Bank-Bahrain reports $2.8mln Q4 profit
Bank reported a 57% decrease in net profit attributable to shareholders amounting to $24.2mln
02/10/2021
Mashreq reports Dh1.3 billion net loss in 2020
Losses reflect lower operating income and higher risk charges.
02/10/2021
Dukhan Bank adds Fitbit Pay, Garmin Pay to D-Pay platform
These two services will surely enhance our customers’ experience by enabling them to perform contactless payments in a way that is seamless and safe, reflecting clearly the banks’ commitment to creating advanced payment methods that meet the c
02/10/2021
National Commercial Bank net profit rises 0.3% to $3.04bn for 2020
Total shareholders’ equity, excluding minority interest, rose by 16 percent YoY to SR 79.41 billion in 2020.
02/10/2021
FAB partners with Mastercard to enhance commercial payments for UAE businesses
Partnership aims to make commercial payments more seamless, secure and convenient
02/09/2021
UAE's biggest bank returns to debt markets for fifth time in 2021
Sources say First Abu Dhabi Bank has hired advisers to market a euro-denominated deal
02/09/2021
Saudi Arabia to introduce faster interbank instant money transfers this month
New system will allow payments to be processed 24 hours a day and within seconds
02/09/2021
HSBC's business clients in UAE can now make 'virtual' card payments
UK bank says it's a regional first and comes with promise of enhanced security
02/09/2021
Doha Bank Achieves Net Profit of QR. 703 Million for 2020
At the same meeting, the BOD has decided to present a recommendation to the General Assembly to distribute cash dividends to shareholders for QR (0.075) per share.
02/09/2021
Oman Development Bank grants loans worth over OMR120mn
Oman Development Bank continually seeks provision of the necessary services and products required for the development of the projects in the industry sector.
02/08/2021
Bank Albilad 2020 net profit up 8% to $346.6m
In Q4 2020, the bank reported a net profit of SR 377.8 million, an increase of 16 percent year-on-year (YoY).
02/08/2021
Qatar banks headed for more mergers
Pressure on profitability and common government ownership to drive consolidation
02/08/2021
Qatar First Bank acquires '“Huntsman International' HQ in Texas
Waterway Plaza I is an immaculate and truly stunning Class A+ building located in the Woodlands, the most desirable suburban area of Houston.
02/08/2021
Dubai’s largest bank positive about UAE equity markets in 2021
The UAE markets are at attractive valuations with the Dubai index at 12.3X and the Abu Dhabi Index at 14.7X forward earnings
02/08/2021
Brand value of world’s top banks drops for 2nd year in row
In this year’s report, covering the period during the coronavirus pandemic, the total value was down 4 percent to $1.27 trillion.