National Bank of Fujairah sees 81.8% drop in first-half 2020 net profit
National Bank of Fujairah saw operating income drop 10.2 per cent to Dh755.6 million in the first six months, with…
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Al Salam Bank-Bahrain launches new and fully customizable digital banking app
Al Salam Bank-Bahrain has announced the launch of its new state-of-the-art digital banking application. The new app will offer…
Aramco CEO honored with Kavaler Award
Amin Nasser, the president and CEO of Saudi Aramco, is to receive the prestigious Kavaler Award for his work in…
Coronavirus hits Gulf banks in Q2 but full impact of bad loans looms
Most Gulf banks' profits plunged in the second quarter after a spike in impairment charges for expected credit losses, as…
New EBRD loan of €40 million to Turkey’s Aklease
EBRD providing €40 million to Turkish leasing company Aklease Greater access to finance for companies to overcome negative effects of…
Martin Currie CEO handed top EMEA role as Franklin/Legg deal nears close
Martin Currie’s chief executive officer, Julian Ide, will assume a senior role within Franklin Templeton’s EMEA distribution efforts as it…
Oman picks FAB and Bank Muscat to arrange $2bln loan – sources
The government of Oman has picked First Abu Dhabi Bank and Bank Muscat to coordinate a $2 billion bridge loan…
Abu Dhabi's ADCB to lay off 400 employees, sources say
Abu Dhabi Commercial Bank (ADCB) is letting go hundreds of employees, sources said, the latest in a round of lay-offs…
Doha Bank posts QR501mn half-yearly net profit
Doha Bank posted a net profit of QR501mn in the first half of the year (H1, 2020), chairman Sheikh Fahad…
Fraudster David Haigh told he faces jail if he fails to provide financial details to a UK court
David Haigh, the former executive of Bahrain’s GFH Financial Group and a convicted fraudster, has been told he faces jail…
Appeals court increases fine on four banks, three officials in money laundering case
AN appeals court in Bahrain has increased the fines imposed on three officials and four banks in connection with a…
World’s Best Sub-Custodian Banks 2020
The only way a global custodian can be truly global is by relying on subcustodian banks in markets where it…