07/11/2023
Gulf's biggest bank by assets Qatar National Bank H1 net profit up 8%
The profit rise was driven by credit growth and customer deposits, QNB said
Retail Banking
07/11/2023
QNB Group’s H1 2023 net profit jumps 8% to $2.1bn
The bank’s operating income jumped 14 per cent year-on-year to QAR18.5bn compared to the same period a year earlier
07/10/2023
Saudi business sector boom spurs growth in bank credit
SAMA’s recent monthly report revealed that the segment also recorded a 21 percent increase in bank credit compared to SR4.11 billion in April.
07/10/2023
Nomo Bank signs strategic partnership with Blueprint
Partnership to offer best property finance solutions for customers in Kuwait, region
07/10/2023
Top Egypt bank gets $250 million in loans with eye on green work
The bank signed a 7-year $100 million loan to finance sustainable projects
07/10/2023
KIB offers exclusive services to Visa Infinite credit cardholders
As part of its “Peace of Mind with Black Concierge” campaign
07/10/2023
ADCB rebrands Wholesale Banking to Corporate & Investment Banking
Reflecting its enhanced suite of banking and capital markets solutions
07/07/2023
Turkish neobank Papara becomes latest unicorn following acquisition of Spain’s Rebellion
Papara has purchased Rebellion from Beka Finance, the Spanish financial services company, as it looks to gain a foothold in the digitally thriving Spanish market.
07/05/2023
Central Bank of Oman issues treasury bills worth $90.9m
The tranche worth 20 million rials had a maturity of 28 days, and per 100 rials the average and minimum accepted price reached 99.665 rials.
07/04/2023
National Bank of Egypt reports over 14mln withdrawals worth $1.14bln through ATMs in 14 days
The National Bank of Egypt also provided mobile ATMs in some coastal cities, including the North Coast, Alexandria, Ras Sidr, Matrouh, Mousa Coast, and Ain Sokhna
06/30/2023
UAE banks' funding to commercial, industrial sectors up 5.6pc
The central bank said by the end of April, the Abu Dhabi banks had provided AED365.6 billion in credit to these sectors, banks in Dubai AED351.3 billion, and those in the other emirates AED102 billion.
06/30/2023
National Bank of Bahrain wins top award from JP Morgan
Since 1997, JP Morgan has been presenting awards in recognition of outstanding efforts in best Straight-Through Processing.
06/26/2023
Ras Al Khaimah Digital Assets Oasis welcomes RAKBANK as its first banking partner
RAK Digital Assets Oasis signs Memorandum of Understanding with RAKBANK in Game-Changing Collaboration to Usher in New Era of Web3 Innovation and Success
06/23/2023
Oman's GDP growth rate to slip this year on OPEC+ cuts
However, non-oil sector is set to see a spurt, led by tourism
06/23/2023
KIB successfully completes its capital increase, oversubscribed by 687%
The Bank's financial results for the fiscal year 2022 showcased a solid financial performance
06/22/2023
Saxo Bank surpasses 1mln clients
This milestone comes shortly after the recent news that its client assets globally have crossed the USD 100 billion mark
06/20/2023
Mbank, in collaboration with Khalifa Fund, launches corporate banking platform
All businesses can open a fully digital business bank account in six simple steps
06/20/2023
Emirates NBD completes 60 years since establishment as the first national bank in the UAE
Bank unveils special 60th anniversary logo and ‘60 years together’ theme
06/20/2023
United Arab Bank Collaborates with Kyndryl to Transform its Data Assets
The bank is continuously investing in digital and analytics capabilities to offer better financial solutions and drive excellent customer experience.
06/16/2023
UAE lenders increase support to Turkish banks: Bloomberg
One of the reasons that may account for the UAE's increasing support to Turkish banks is the improving regional and geopolitical environment.