11/16/2022
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan forms part of the firm’s Private Sector Development Strategy.
Retail Banking
11/15/2022
Al Salam Bank's Ithmaar unit acquisition valued at $2.2bln
The full transition of Ithmaar Bank’s consumer banking services to Al Salam Bank is expected to be completed within 2022, Al Salam Bank has said
11/15/2022
Al-Othman: Weyay Bank exceeded its customer acquisition goal by 300%
At the "MoneyTech" Summit, Head of Consumer Banking Group at NBK
11/14/2022
GIB achieves 30% increase in Net Profit for the nine-month period ended 30th september 2022
GIB reported a net profit attributable to the shareholders of the bank amounting to $11.6 million
11/14/2022
Burgan Bank Launches New Concierge Services in Partnership with Peacock Concierge
The partnership marks a major leap in the premium quality of services offered by the bank to its elite customers.
11/14/2022
QDB launches ROWAD Qatar 2022 in new format featuring comprehensive digital platform
The digital platform promotes the culture of entrepreneurship and underscores the importance of strengthening & diversifying the local private sector.
11/11/2022
S&P upgrades Commercial Bank’s rating to A- from BBB+
Commercial Bank is also rated by Moody’s at A2/P-1 and Fitch at A-/F2, both with stable outlook.
11/10/2022
Deutsche Bank expands support for Egypt’s sustainability ambitions
Joins six bank working group to advise on attracting private finance at scale for transition projects
11/10/2022
Abu Dhabi-based IHC reports 236 per cent rise in profit for first nine months
Continued momentum in direct and indirect acquisitions were the main drivers behind the growth rate over the previous year’s quarter, with IHC’s total assets increasing to Dhs198.8bn
11/10/2022
Mashreq Bank to facilitate sustainable financing worth $30bn by 2030
This deal is the largest ever sustainability-linked loan in the entire Middle East and North Africa region.
11/09/2022
SABB launches a new prepaid procurement card for corporates and businesses
Enables corporates and businesses to optimally manage payments in a smarter and safer way
11/08/2022
Commercial Bank holds grand prize awarding ceremony at CB Premium Place Vendome
The Grand Draw took place on Monday, October 31, 2022 at the CB Plaza main office with the presence of Ministry of Commerce and Industry representative.
11/04/2022
Emirates NBD observes UAE Flag Day
Group employees from more than 80 Nationalities celebrated the UAE Flag Day
11/03/2022
FABMISR announces successful integration of all banking services with Bank Audi Egypt
Starting with the legal merger, FABMISR concluded the merger process through several stages, wherein, all assets proceeded to operate under the new brand in April 2022.
11/03/2022
UAE Central Bank raises interest rate by 75 basis points
The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time
11/01/2022
World Bank expects UAE's real GDP to grow by 5.9% in 2022
Recent bilateral free trade agreements with Asian partners supported by strong oil exports will place the UAE's current account surplus
11/01/2022
Arab Bank’s profit for first 9 months up nearly 50% on higher interest, loans
Bank also reports growth in commission income, deposits
10/31/2022
Capital Bank’s profits hit JD 80mln by the third quarter of 2022, a 52% increase
Al-Salem: The group’s assets rose to approximately JD6.7 billion by the end of September, and shareholders’ equity amounted to JD638 million
10/28/2022
Saudi Arabia's SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn
According to the statement, Credit Suisse is aiming to separate its investment bank to create CS First Boston, focused on advisory and capital markets, and hopes to attract third-party capital.
10/28/2022
Credit Suisse Becomes Part of Saudi Crown Prince's Vision
The largest Saudi bank, with around 11 million customers, emerged last year from the merger of the National Commercial Bank and the Samba Financial Group.