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.
Retail Banking
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
06/01/2023
Saudi banking sector growth driven by mortgages: report
The rating agency noted that the government still held significant deposits with the Saudi Central Bank, also known as SAMA, amounting to SR637.5 billion ($170 billion) at the end of 2022.
06/01/2023
UAE Central Bank issues rules to combat money laundering, terror financing
The guidelines align with the standards set by the Financial Action Task Force
05/31/2023
Doha Bank announces launch of sustainable finance framework
Doha Bank is dedicated to fostering sustainable development and supporting the transition to a greener, more inclusive economy.
05/31/2023
Capital Bank of Jordan : Wins Two Prestigious Awards
Capital Bank has also invested heavily in digital innovation
05/30/2023
UAE banks’ Q1 profit surges 35%: Alvarez & Marsal
Incremental deposit growth outstripped credit growth for the first time since Q1’22 amidst monetary tightening
05/30/2023
Banque Misr to secure $260mln loan from IFC for MSMEs in Egypt
The loan is scheduled to be signed off on June 30th
05/29/2023
Omani banks set to benefit from improved conditions: Fitch
Fitch noted that Omani banks emerged from the Covid-19 pandemic with reasonable credit fundamentals which place the sector in a good position for improving profitability in 2023
05/29/2023
NBK-Egypt reports KD 6.9 million in net profits
Al-Bahar emphasized that the continued growth of NBK-Egypt’s balance sheet
05/29/2023
Warba Bank, Radisson Blu partner to offer ‘zero-profit financing’ for event hall rentals
Musaed Al-Mazyad, Deputy Chief Retail Banking Officer at Warba Bank, expressed his enthusiasm for this agreement
05/25/2023
Bank Dhofar makes offer to acquire 100% of competitor Ahli Bank
The lender withdraws its merger offer and intends to pursue the takeover deal
05/24/2023
Boubyan launches “Premium” account for its high-net-worth clients
Al-Mejhem: The new account complements the lifestyle of this segment, meets all their daily needs
05/22/2023
QIB receives ‘Best Retail Bank in Qatar’ award
And ‘Excellence in Customer Centricity & Excellence in Mobile Banking’ from MEED Magazine
05/22/2023
Gulf Bank educates customers on borrowing and financing
In support of the Diraya “Let’s Be Aware” campaign
05/22/2023
UAE ranks second globally in customer trust: UAE Banks Federation
Under the guidance of the Central Bank of the UAE, the UBF works to support, accelerate and develop the digital transformation of UBF member banks
05/22/2023
Oman's Bank Dhofar outlines terms of revised non-binding merger offer to Ahli Bank
The proposed offer extends to all Ahli Bank shareholders, granting them the liberty to elect to receive up to 25% of their consideration in cash, with the remaining allocation disbursed through freshly issued Bank Dhofar shares