05/02/2023
KPMG publishes eighth edition of the GCC listed banks’ results
Kuwait’s banking sector records highest growth in total assets
Retail Banking
04/28/2023
Gulf Bank records profit for first quarter
The Bank’s return on assets improved from 0.9% in the first quarter of 2022 to 1.0% for the first quarter of 2023
04/28/2023
Mashreq operating profit jumps 96% in Q1 2023
The bank also crossed the milestone of Dh200 billion in total assets
04/27/2023
Emirates NBD posts record breaking profit of $1.633bln for Q1 2023
Income reached $2.72bln for the first time
04/27/2023
UAE' biggest bank FAB powers up with Dh3.9b Q1-2023 net profit
FAB's group-wide income totals Dh6.7b helped by 'superior returns'
04/27/2023
RAKBANK delivers the highest annual profit growth in over a decade
Highlights Q4/Full Year ended 31 December 2022
04/25/2023
Emirates NBD introduces new banking proposition
The invite-only proposition aims to offer an enhanced banking experience that matches the specific needs and objectives of ultra-wealthy customers maintaining an average balance of Dhs 7 million across deposits and investments.
04/24/2023
UAE banks team up to help SMEs amid $30bn finance support pledge
UAE financial institutions team up to offer SME funding
04/21/2023
Emirates Development Bank and Emirates Islamic announce collaboration in the UAE
Emirates Islamic is the 11th commercial bank to join EDB’s credit guarantee scheme platform offering favourable financing solutions to SMEs.
04/21/2023
Dubai Islamic Bank First Quarter 2023 Group Financial Results
Upgraded standalone credit ratings by Moodys driven by improved profitability and strong liquidity.
04/19/2023
National Bank of Kuwait Q1 2023 net profit up 15%
Higher interest income was offset by higher provisions
04/19/2023
United Arab Bank reports financial results for the quarter ending 31st March 2023
Net Interest income increased by 38% compared to prior year
04/18/2023
Qatar's QIIB first quarter net profit jumps 7.1% to $95mln
Capital adequacy (Basel III) reached 18.4%, which is much higher than the required regulatory limit of QCB
04/18/2023
Gulf Bank raises awareness on the importance of avoiding anonymous messages and contacts from unknown origins
In support of the Diraya “Let’s Be Aware” campaign
04/18/2023
Capital Bank of Jordan : Group Amongst Middle East's 50 Largest Banks in 2023 in Terms of Market Value
Capital Bank Group's Chairman Bassem Khalil Al-Salem expressed his pride in Forbes magazine's recent ranking of the group among the 50 largest banks in the Middle East.
04/17/2023
Standard Chartered: Qatar economic growth forecasted to be highest in Gulf
Growth forecasted to be at 4.0% in 2023, down from 4.75% in 2022
04/14/2023
Qatar: Dukhan Bank AGM approves 16% cash dividend for 2022
The bank recorded a net profit of $343mln
04/13/2023
Oman's Al Ahli Bank rejects merger proposal from Bank Dhofar
The lender had received a non-binding offer from Oman's second largest bank
04/12/2023
Commercial International Bank Egypt opens first branch in Kenya
The bank’s expansion into the Kenyan market aims to bolster bilateral relations between the two countries
04/12/2023
Oman’s second-largest bank pursues merger with smaller rival
Stock in Bank Dhofar rose over 3 percent in trading Tuesday on the Muscat Securities Market, to more than 40 cents a share.