Merger may boost new bank's market share
The recently-announced merger between Bank Dhofar and the National Bank of Oman (NBO) will result in a greater combined market…
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Islamic banks' assets rise to AED 565 billion in H1 2018
The Central Bank of the UAE (CBUAE) has announced that the assets of Islamic banks increased with 6.7 per cent…
The rise of humanoid robotics in the Middle East
Countries in the Middle East are warming to humanoid robotics, robotic process automation (RPA) and artificial intelligence (AI) as these…
BAB’ to hold open dialogue or banking institutions
Bahrain Association of banks (BAB) is holding its first open dialogue with its members, non-members and partners of the Association…
NBF eyes higher profitability with improving business conditions
National Bank of Fujairah (NBF) reported strong growth in profit in the first half of 2018, supported by sustained gains…
Asset quality on mend but some issues seen lingering
Loan loss provisions in the UAE’s banking industry are on decline, supporting the overall asset quality metrics. However, continuing…
SANNE announces senior promotion
SANNE has announced that Stephanie Hopkins and Stephen McKenna have been appointed as Co-Heads of SANNE’s Private Debt & Capital…
The Global CIO Office Weekly by Gary Dugan
Be Prepared for Inflation Nascent signs of inflation gaining momentum Investors should build at least some inflation protection into their…
United Arab Bank secures $185m funding
United Arab Bank (UAB) has concluded syndicated term financing facilities that add up to $185-million (Dh679.5 million). The two-year…
Germany tightens cash transfer rules as Iran seeks funds
Germany’s central bank is changing its terms and conditions to provide for deeper scrutiny of cash transfers, a move that…
Israel's Mizrahi, Union Bank to appeal anti-trust ruling on merger
Mizrahi-Tefahot Bank and Union Bank will appeal to Israel’s anti-trust court a decision by the country’s anti-trust authority to rejected…
Warba Bank Realizes Profit in the First Half of 2018
• Net profits grew by 97% to KD 5.198M • Total revenues grew by 52% to KD 40.073M •…