03/17/2017
Arab bank deposits amount to $2.2tr, says report
The report stated the total assets of the sector amounted to $3.4 trillion at the end of 2016, which equals 140 percent of the total Arab gross domestic product.
Retail Banking
03/17/2017
Bank Muscat, ONEIC join hands to promote electronic payment
Bank Muscat, and Oman National Engineering & Investment Company have signed an agreement to facilitate PoS card payment across the network of ONEIC outlets in Oman.
03/15/2017
Bankdhofar launches Oman's first sme-exclusive credit card
SMEs form the backbone of economies, and our solutions are helping these organisations thrive and conduct their business in a convenient and secure manner.
03/15/2017
Qatar First Bank records net loss for FY2016
QFB’s Sukuk book continued to generate positive returns close to QAR 30 million.
03/15/2017
Bahrain’s Khaleeji Commercial Bank to list on DFM
This reflects our success in implementing our strategy, according to our studied plans and clear objectives that we set based on our careful reading of market conditions and our continuous evaluation of our performance.
03/14/2017
Burgan Bank celebrates Mother’s Day with its customers
Burgan Bank continues to engage in partnerships with its customers that tie together privilege.
03/14/2017
Oman- Commercial banks plan to boost capital
Most commercial banks recorded growth in their net profits for 2016 except for the National Bank of Oman and Bank Sohar.
03/13/2017
UAE bank sector assets at Dh2.6 trillion, tops in GCC
The merger between the NBAD and FGB took the lead in terms of capital stock.
03/10/2017
Saudi's Bank AlJazira proposes 30 pct capital increase
Bank AlJazira in January reported a 4.4 percent drop in fourth quarter net profit.
03/10/2017
UAE's Union National Bank has no plan to merge with other banks, CEO
The bank has so far issued bonds worth US$I billion under its $3 billion bond programme
03/09/2017
Mashreq Qatar launches unique offers for premium segment customers
The financial needs of our premium clients are unique and so, we create financial solutions that address their aspirations.
03/09/2017
Gulf Bank concludes Annual General Meeting
Gulf Bank recorded a net profit of KD 43 million for the year ended 2016, a 10% increase over the previous year.
03/09/2017
Dubai outperforms in mostly quiet market; Bank Doha extends slide
Abu Dhabi's index was up 0.3 percent. Union National Bank was the top gainer there, jumping 4.1 percent.
03/09/2017
Gulf Bank records a profit of KD 43 million
Nonperforming loans reached KD 93 million or 2.4% NPL ratio, levels that have not been seen since 2007.
03/09/2017
UAE's Union National Bank to open China branch, expand in Egypt
The bank has no plans to enter any new markets.
03/08/2017
Doha Bank set to raise capital by 20% through a rights issue
The rights issue is going to help us give nearly QR1.3bn worth of added incremental capital for the purpose of compliance with Basel III.
03/08/2017
One Global launches secure mobile app for digital finance transactions
It acts as a seamless platform to connect consumers, banks, telecommunication operators, foreign exchange providers and merchants, all via the convenience of a mobile phone.
03/08/2017
Kuwait’s Warba Bank sets initial price guidance for dollar sukuk
Standard Chartered is global coordinator of the transaction
03/08/2017
Third bank joins instalment plan for traffic fines
Payments can also be made through service centres
03/08/2017
Ahlibank EGM approves increase in bank capital
Cost to income ratio for 2016 remained steady at 30.7%, reflecting “efficient management” of operating expenses.