09/12/2019
Network stake sale boots ENBD’s capitalisation
Deal increased the bank’s profitability to buffer for Denizbank acquisition
Retail Banking
09/12/2019
Turkey puts last touches on its own rating firm in snub of Big 3
“Banks, private institutions and many foreign institutions – provided that there’s no conflict of interest and that independence isn’t harmed – may be partners” to the firm, Akben was quoted as saying by Anadolu on June
09/12/2019
Gulf International Bank Wins Eight Awards at the 2019 Global Finance Magazine Awards
GIB’s shariah compliant digital retail bank, meem, scooped six awards and its Global Transaction Banking business won two others
09/11/2019
Commercial Bank enters into partnership with WCPI
The agreement enables Commercial Bank to pioneer the distribution of the LF Program in Qatar, allowing the Bank therefore to provide yet again unique banking products and services into the Qatari market.
09/11/2019
UAE banks' 3-month deposits hit $145bn in July
The interest rates charged by the Emirates Inter-Bank Offered Rate spiked across all terms of late, with the three-month rate up to 230 basis points, the six-month deposit to 234 basis points and one-year term to 249 points.
09/10/2019
Commercial Bank to issue bonds worth up to $700m: CEO
Since the interests rates are going down, so we will see when we can issue it,” Abraham told The Peninsula in an exclusive interview recently.
09/10/2019
QNB ‘Open Career Day’ to be held on Sept. 14
This professional event will bring together Qatari high school and university graduates and experienced professionals
09/09/2019
GCC banking sector’s total assets grow on higher interest income
Conventional banks grow at 2.3% rate, Islamic banks increase balance-sheet by 1.3%
09/08/2019
Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets
Founded in 2009, Fawry offers digital payments to companies and individuals in Egypt, the Arab world’s most populous nation, where many do not have a bank account.
09/06/2019
Bahrain bank launches new unit to help struggling firms
National Bank of Bahrain announces a new business unit to offer specialised financial restructuring advice for companies
09/05/2019
Emirates NBD sells shares in UAE payments firm in $370m deal
Dubai's biggest bank confirms sale of an aggregate of 52.6 million ordinary shares in Network International
09/04/2019
Global Banking and Finance Review Announced Kuwait Finance House Bahrain B.SC. as the Global Banking & Finance Awards winner
The awards honour companies that stand out in particular areas of expertise in the banking and finance industry.
09/03/2019
BisB Wins Global Business Outlook’s ‘Most Innovative Digital Transformation Initiative’ for the Year 2019
Bahrain Islamic Bank has emerged as the winner of the prestigious ‘Most Innovative Digital Transformation Initiative’ for the year 2019 from Global Business Outlook.
09/03/2019
Bank Muscat Money Market Fund records highest industry annualised return
Money Market Fund offers both retail and institutional investors an alternative to current account.
09/03/2019
Ithmaar Bank upgrading systems to further boost customer experience
The new CRM will help us to serve our customers faster, better and smarter,” said Abdul Rahim.
09/02/2019
Good old bank deposits add to abundant liquidity in Middle East
Citibank witnessed a surge of 18% in its deposits last year, not seen in many years
09/02/2019
Empower facilitates bill payment through ADCB mobile app
By October 2019 customers can start using ADCB credit cards and TouchPoints to pay their district cooling bills
09/02/2019
UAE banks asked to treat males, females equally while giving loans
They need to develop policies and procedures that promote gender equality in customer dealings.
09/02/2019
Dubai’s Biggest Bank Seeks to Raise Foreign Ownership Limit
Emirates NBD’s plan comes after First Abu Dhabi Bank PJSC in July proposed removing a cap on the foreign ownership limit on its shares.
08/30/2019
Islamic Development Bank hires banks to raise more than $1 bln in sukuk -sources
It has hired a group of banks including Emirates NBD , Standard Chartered, Gulf International Bank and HSBC to arrange the new transaction, expected to take place next month.