All Articles

FinTech

Blockchain technologies could significantly improve financial institutions’ efficiency: KPMG

May 15, 2017

A blockchain is a permanent record of transactions in a network. Blockchain-based systems make the process of gathering, sharing and…

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Awards and Recognition

FAB named ‘Best Bank in the UAE’ at 2017 Banker Middle East Industry Awards

May 15, 2017

First Abu Dhabi Bank, the UAE’s largest bank and one of the world’s largest financial institutions, has been named ‘Best…

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Retail Banking

Commercial Bank opens its 30th branch at Mall of Qatar

May 15, 2017

Commercial Bank officially opened its 30th branch at Mall of Qatar yesterday, offering full-fledged personal banking and ATM services.  …

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Financial Results

Saudi-based IDB to provide $453 mln of funding across region

May 14, 2017

The Islamic Development Bank has agreed $453.3 million in financing deals across the Middle East and Africa, including $200 million…

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Financial Results

Bank ABC Group profit up 22pc to $50m

May 14, 2017

Bank ABC announced that its consolidated group net profit attributable to the shareholders of the parent for the first quarter…

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Financial Results

Bank Muscat’s Meethaq Islamic finance receivables increase to OMR902m

May 14, 2017

Bank Muscat’s Meethaq Islamic financing receivables rose to OMR902 million, as of March 31, 2017, compared with the OMR665 million…

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Comment & Analysis

Mashreq marks 50 golden years of success

May 14, 2017

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and…

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FinTech

Mubadala Plans to Invest Up to $15 Billion in SoftBank Fund

May 14, 2017

Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and…

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Comment & Analysis

GCC luxury e-commerce to reach $1.5bn in 2021, says research

May 14, 2017

E-commerce sales will account for $1.5 billion of the Gulf’s high-end luxury segment within the next four years, according to…

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Comment & Analysis

Attijariwafa Bank aims to become one of Egypt’s 10 biggest banks in 7 years

May 14, 2017

The Moroccan Attijariwafa Bank, which recently acquired Barclays Egypt, seeks to become one of the 10 largest banks in Egypt…

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Investment Banking

Egypt's CIB agrees to sell 10 pct of CI Capital

May 14, 2017

Egypt's largest listed bank, Commercial International Bank, has agreed to sell 10 percent of its investment banking arm CI Capital…

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Investment Banking

Foreign Banks Setting Up Iran Branches

May 14, 2017

A number of foreign banks have submitted applications to set up branches in Iran, the Central Bank of Iran's deputy…

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