08/18/2013
Standard Chartered plans to expand in Iraq with UK government help
Standard Chartered is counting on the assistance of the British government to help it to open branches in Iraq by the end of the year.
Retail Banking
08/17/2013
Bank Sohar attains 'Best CSR Bank Oman 2013' award
Bank Sohar plans to continue in its steadfast quest of philanthropy
08/17/2013
UAE central bank says monetary aggregate rose 7.8% on year
The UAE Central Bank said during the first six months of 2013, monetary aggregate M2 increased 7.8 per cent on year
08/14/2013
BMI Bank's net profit soars 88pc to $1.4m
This was mainly due to improved recoveries against impaired loans along with a one-off exceptional income.
08/12/2013
Kuwait's Burgan Bank 2Q Net Profit Falls 10%
Kuwait's Burgan Bank a unit of Kuwait Projects Co., said its second-quarter net profit dropped 10% to 12.26 million Kuwaiti dinars ($43.1 million), from KWD13.62 million in the year earlier period.
08/12/2013
Barclays considers potential sale of UAE retail business
Some British banks have already exited retail banking in the Gulf state
08/05/2013
CBK posts KD 7.8 million worth of net profit
Al Ebrahim said that the operating profit for the period is KD 50.8 million of which KD 42.6 million were used to enhance the existing provisions in the bank's records
08/05/2013
Arab Bank Named Best Consumer Internet Bank in Jordan for the Fifth Consecutive Year
Arab Bank Named Best Consumer Internet Bank in Jordan for the Fifth Consecutive Year
08/04/2013
Turkish banks' H1 net profit up 19.7 pct
The Turkish banking sector's net profit jumped 19.7 percent year-on-year to 13.86 billion lira ($7.2 billion) in the first half of the year
08/03/2013
Credit Agricole Egypt (CAE) Q2 2013 net profit EGP 207 million
Net interest income for Q2 2013 increased 21 per cent YoY and 12 per cent QoQ and came two per cent higher than NBK Capital MENA forecast.
08/03/2013
Bahrain's Al Baraka Bank Q2 net rises 11 pct
Bahrain-based Islamic lender Al Baraka Banking Group said on Sunday that its net income for the second quarter totalled $42 million
07/31/2013
GIB's net income rises 4.5pc to $60.6 million
Bahrain-based Gulf International Bank yesterday reported consolidated net income after tax of $60.6 million for the first half of the year.
07/30/2013
ABC Islamic Bank Announces 49% Increase in 2013 Half-Year Profit to US$6 Million
Total operating income grew to US$8.3 million
07/30/2013
HSBC and Zurich Insurance launch new wealth product in Middle East
Exclusive product offering from Zurich for HSBC customers in the Middle East
07/30/2013
MasterCard profits advances as revenue grows, led by emerging markets
Mastercard, the payments processing company, reported a 19 percent increase in its second-quarter profit as more people worldwide used its debit and credit cards to make payments.
07/29/2013
Burgan Bank wins “Best Domestic Retail Bank of the Year”
Burgan Bank announced hat it has won the coveted “Best Domestic Retail Bank of the Year” award from the Asian Banking and Finance Magazine
07/29/2013
HSBC Bank Oman net profits up 28%
HSBC Bank Oman announces that at the Board of Directors' approved HBON's unaudited financial results for the six months ended 30 June 2013
07/29/2013
Bank Sohar to appoint consultant to study merger
Muscat Bank Sohar board has decided to appoint a consulting firm to study the proposed merger with Bank Dhofar.
07/28/2013
UNB's Q2 profit rises 7.2%
A 7.2 percent percent rise in second-quarter profit helped lower provisions
07/24/2013
Fitch affirms Commercial Bank of Kuwait at 'A+'
Fitch says CB's long and short-term IDRs, support rating and support rating floor reflect the agfency's belief