09/06/2017
Around 400 jobs axed across Abu Dhabi’s banks
Number of employees in sector falls to 12,100 in second quarter.
Retail Banking
09/05/2017
Net income of Abu Dhabi-based commercial banks hits Dhs9bn in Q2 2017
The growth recorded in bank income reflects the resilience of the banking sector as compared to other GCC states despite the global economic slowdown.
09/04/2017
Doha Bank CEO Says in Talks With Foreign Lenders to Raise Debt
Lender considering private placement or public debt sale
09/04/2017
NRIs drive UAE bank deposit growth
The fall in non-resident deposits in the first half was likely due to improving system-wide liquidity.
08/30/2017
Barwa Bank merger plans in final phase
After completing the legal and regulatory procedures, the three banks (Barwa Bank, Masraf Al Rayan and International Bank of Qatar ) will jointly announce the three-way merger, he said.
08/30/2017
Large UAE banks set to post solid profitability
The oil price levels will continue to weigh on deposit growth for the next few quarters.
08/30/2017
Large UAE banks post solid Q2 profitability as interest income rises
Combined deposits at the four banks declined marginally by one per cent to AED1 trillion compared to Q1 2017.
08/29/2017
Major banks' profits to remain solid
Operating expenses across the four banks were down by six per cent relative both to the previous quarter and to second quarter 2016.
08/24/2017
Qatar bankers ask who their friends are in Gulf scrap
Qatar’s central bank asked them to rate whether international banks increased, kept steady or reduced their business.
08/23/2017
Bank of Palestine announces a net profit of $24.72 million for the first half of 2017
Total assets up by 13.06 per cent at $4.65 billion compared with $4.11 billion at year end of 2016.
08/23/2017
Credit demand at Saudi banks to remain subdued: BMI
BMI believes that liquidity conditions in Saudi’s banking sector will continue to improve throughout the rest of 2017 and in 2018, after experiencing significant headwinds in 2016.
08/20/2017
Turkey’s Akbank secures $1.2 billion loan for 2017
On the back of favorable political and macroeconomic developments in Turkey and Akbank’s strong fundamentals.
08/17/2017
United Gulf Bank posts H1 results
UGB balance sheet remains strong with total equity of $550.2 million (31 December 2016: $529.5 million) mainly reflective of the increase in retained earnings and fair value reserves.
08/16/2017
Union National Bank opens Shanghai branch
Becoming the first bank from the UAE to operate a branch in mainland China
08/14/2017
Emirates NBD takes financial fitness to a new level
We leveraged this opportunity to encourage our customers to become healthier and happier.
08/10/2017
RAKBank to stop clearing cash cheques from next month
The bank recommends its customers to register for digital banking services to facilitate quick and convenient processing banking transactions including funds transfer requests.
08/10/2017
Qatar Banks Shunned by Peers Will Need to Pay More for Cash
Saudi Arabia and other Arab nations severed relations with Qatar two months ago accusing it of supporting extremist groups, a charge it denies.
08/09/2017
Oman Arab Bank unveils unified digital banking platform
Following the launch of the new platform, the bank also announced the launch of its new mobile banking application, which uses the same innovative icon-based design, offering the bank’s customers a better banking experience.
08/07/2017
Saudi's Samba Q2 profit down 3.3 percent
Four analysts polled by Reuters had on average forecast the bank would make a quarterly net profit of 1.22 billion riyals.
08/07/2017
Qatari bank mulls fresh fundraising
As some Gulf lenders refuse to roll over holdings.