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.
Retail Banking
06/16/2023
Mastercard and Bankiom to launch virtual prepaid cards across the GCC
With the partnership, Mastercard aims to drive digitalisation in the payments landscape throughout the Gulf Cooperation Council (GCC) region.
06/15/2023
Commercial Bank of Dubai raises $500 million in inaugural green bond issuance
Orders peak at $1.5 billion, showcasing strong confidence in CBD’s financial performance
06/15/2023
Kuwait’s banking sector projects a resilient future outlook, ensuring stability and growth
The large concentrations of loans granted to individual borrowers and to some business sectors
06/15/2023
Burgan Bank closes $800mln unsecured term loan facility
The syndication, originally launched at $300mln in February 2023, was oversubscribed threefold, with commitments totaling $920mln
06/15/2023
Oman Arab Bank recognized by Ministry Of Social Development for inclusive and diverse policies
This achievement reflects OAB's human resources policies, which prioritize inclusivity and forward-thinking practices
06/14/2023
Commercial Bank International’s board greenlights up to $242.23mln capital raise
The capital hike is still subject to the approvals of the Central Bank of the UAE as well as the Securities and Commodities Authority
06/14/2023
Bank of China to start operations in Riyadh this year, says official
The development comes on the heels of the 10th Arab-China Business Conference that concluded in Riyadh on Monday.
06/13/2023
Al Ahli Bank of Kuwait closes a 37-month $600mln Asian syndicated term loan facility
This inaugural transaction will register ABK with the largest facility, by volume, from a Kuwaiti borrower targeting the Asian market to date
06/12/2023
QIB becomes the first Qatari bank to adopt equator principles
Through its ESG based risk management framework, the EPs support sustainable development efforts worldwide.
06/12/2023
Dukhan Bank announces June winners of its Thara’a savings account prize
Cash prizes were also awarded
06/12/2023
UAE bank investments hit all-time-high of $149bn
UAE bank investments are at an all-time high says CBUAE
06/09/2023
Saudi: Bank Albilad provides final payment real estate financing
The Bank has emphasized the continuation of its efforts to offer innovative solutions and qualitative real estate financing programs aimed at providing housing options which perfectly suit the Saudi family’s needs
06/08/2023
Dubai bank in green bond debut
The spread on CBD's bonds was set at 140 basis points over US Treasuries, tightened from initial guidance of 175 bps HSBC (0005) and Standard Chartered are joint global coordinators on the debt sale.
06/08/2023
Ithmaar Bank Reports Q1 2023 Results
Total assets stood at BD2.08 billion as at 31 March 2023, 10% lower than BD2.31 bn as at 31 December 2022.
06/06/2023
Goldman Sachs latest bank to expand in Gulf as balance of power shifts
Economic trends are incentivizing multinational banks and financial services firms to expand their operations in the Gulf region.
06/06/2023
Gulf Bank and Ahli Bank of Kuwait call off merger talks
Lenders did not disclose the reasons for the move
06/05/2023
Business confidence in largest Arab economies rises in May on robust economic momentum
Selling prices in Saudi Arabia rose at the quickest pace since August 2020 and optimism in the UAE improves further amid demand strength
06/05/2023
Egypt seeks luring private investments from New Development Bank
The North African state is seeking to reinforce cooperation with the bank
06/05/2023
Oman Arab Bank opens strategically relocated and enhanced Duqm branch in future economic hub
Strategically moved from its previous location that first opened in 2008