08/30/2022
Seven Kuwaiti banks among 1000 largest banks in world
Kuwait ranked fourth in terms of the number of banks that entered the list of the largest 1000 banks in the world, with 7 Kuwaiti banks on the list
Retail Banking
08/30/2022
Emirates Development Bank to approve loans of up to Dhs5m to SMEs, startups within five days
The lending service will be available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors, which are manufacturing, healthcare, food security, advanced technology and infrastructure
08/29/2022
Doha Bank launches Doha Pay
The payments are accepted with a single tap at a wide network of Doha Bank POS terminals and also any contactless (NFC-enabled) machines across the state of Qatar or globally.
08/29/2022
NBI becomes first Iraqi bank to start operations in Saudi Arabia
Abunayyan noted that the bank will have the opportunity to increase its market share in the total commercial transactions between Saudi Arabia and Iraq by providing services to strategic corporate clients and facilitating their commercial transactions.
08/29/2022
Arab Bank launches “Tabeeb Plus” banking package for physicians
Providing them with a comprehensive and personalized banking experience as well as preferential banking benefits
08/29/2022
NBK - Bahrain Reports a net profit of BHD 54.84mln (KD 44.68mln) in 1H 2022
Al-Sager: NBK-Bahrain’s profits reflect the success of the Group’s regional expansion strategy in supporting the Group’s profitability and mitigating risk
08/22/2022
Ahlibank successfully completes issuance of RO 75mln Additional Tier 1 capital instruments
Comprising 50,000,000 Bonds, with a Green shoe option of up to 25,000,000 additional bonds
08/22/2022
Turkey forces banks to slash commercial loan interest rates
The central bank cut its policy rate to 13%, even with inflation running at a 24-year high of 80%
08/18/2022
Emirates NBD launches global call for metaverse start-ups to transform future of banking
Marking Emirates NBD’s first play in the metaverse, the accelerator programme positions the bank as a leader in the next phase of banking innovation
08/16/2022
Suez Canal Bank’s profit rises to over $13mln in H1-22
The bank’s net interest income stood at over $43mln in the January-June period in 2022
08/16/2022
Oman Arab Bank sponsors the Little Tourist Forum
Seeking to develop the skills of young children in the tourism sector
08/15/2022
Al Ahli Bank of Kuwait – Egypt achieves net profit of over $46mln in H1 2022
According to the Bank’s announced results, the total assets grew by 8%
08/12/2022
UAE banking system can withstand adverse scenarios: Central Bank
The CBUAE projects real GDP growth to further increase to 5.4% in 2022, supported by higher economic activity and higher oil prices
08/12/2022
Ahli United Bank Egypt offers 8% cashback on 3-years Premium CD
The purchase of AUBE’s CDs and account opening services are available at its branch network of 40 branches nationwide
08/11/2022
Building a strategic procurement function in retail banking
Retail banks can potentially face an array of challenges to their procurement function that may be hindering their ability to cut costs and increase their reach in the market.
08/11/2022
Gulf International Bank achieves 121% in net profit for the first half of 2022
The second quarter provisions witnessed a release of $0.9 million, compared to a provision charge of $12.1 million in the second quarter of 2021
08/09/2022
Oman’s Sohar bank eyes merger with HSBC
The board will keep the market updated as the matter progresses, it added.
08/09/2022
SABB “Best bank for sustainable finance in the Kingdom” for 2022
SABB was chosen for this award based on a set of international standards in a variety of categories, including sustainable financing, community support, emerging market growth, and infrastructure
08/09/2022
First Abu Dhabi Bank selects IBM Consulting as digital partner
Already partnering with IBM for years on multiple technology fronts, First Abu Dhabi Bank has now appointed ‘Big Blue’s (one of IBM’s nicknames) consulting division as a consultancy partner for its digital transformation journey.
08/08/2022
EDB approves $653m in finance during H1; up 418%
The Board meeting was held for the first time in the Bank’s new headquarters in Abu Dhabi located in Mubadala Tower