03/09/2021
Top 10 UAE banks’ profits shrunk 40% in 2020: A&M
Less volatile year seen, but with potential spike in provisions in second-half
Retail Banking
03/09/2021
Bahrain bank waives loan fees for customers having had COVID-19 vaccine
Al Salam Bank is also offering a range of financial services, such as those related to the Mazaya social housing program
03/09/2021
Bank of Bahrain and Kuwait B S C : Unique Financial Mall Offering 24/7 Services
Developing innovative digital banking solutions to meet the needs of our customers based on an in-depth understanding of their requirements and a continuous focus on providing advanced banking services.
03/09/2021
Turkey's non-state banks have the edge in 2021 amid lira volatility, high rates
Turkey is an attractive market for several large European and Middle East lenders
03/09/2021
First Abu Dhabi Bank’s Acquisition of Bank Audi Sae
Dechert LLP advised Bank Audi sal on the deal.
03/08/2021
UAE's first independent digital banking platform launches
YAP do not have physical branches, does not offer traditional banking services like loans and mortgages, but offers spending and budgeting analytics
03/08/2021
Qatari banks defy pandemic's impact on 2020 earnings
Net profit resilient despite higher provisioning charges and pressure on asset yields
03/08/2021
Starling Bank Attains Unicorn Status With Latest $373 Million Share Sale
Sky News quoted unidentified sources as having said Starling's leadership wants to use the new capital to expand the bank beyond the British Isles into Continental Europe.
03/08/2021
Dukhan Bank announces its 2020 financial results
Net operating profits record QAR 1 billion with a growth rate of 33%
03/08/2021
Middle East businesses wanting to enhance their ESG agenda encouraged to sign up to 'Living Business'
The programme, organised by Globally, Get in the Ring and HSBC, aims to improve the sustainability of businesses by helping them deliver a significant ESG enhancement initiative
03/05/2021
Qatar economy expected to bounce back to 2.5% growth in 2021, 3.9% in 2022: Lloyds Bank
Current account surplus narrowed to 2.4% of GDP in 2019 from 9.1% a year earlier as global energy prices fell.
03/05/2021
Oman said to agree $2.2bn loan with large group of banks
It was the first Gulf government to tap the international bond markets this year, raising $3.25 billion in three-part bonds in January, taking advantage of positive market conditions to replenish state coffers battered by the coronavirus crisis.
03/05/2021
Qatar Central Bank announces Bank Holiday on March 7
The said Decision stipulates that the first Sunday of March each year shall be an official holiday for all banks operating in the State of Qatar.
03/05/2021
Saudi lender Arab National Bank announces $160mln dividend
Two other Saudi firms, Baazeem Trading and Al-Andalus Property, decide to distribute payout
03/04/2021
Oman agrees $2.2 billion loan with large group of banks - sources
To make up the shortfall, the government aims to raise about 1.6 billion rials through borrowing and draw 600 million rials from its reserves.
03/04/2021
Saudi retail giants boost online footprint with Vogacloset deal
The pandemic has encouraged Saudi retail groups to rapidly ramp up their e-commerce investments in response to the boom in online shopping
03/04/2021
Finastra reveals corporate bank priorities for 2025
To thrive, these organizations must change their business models, adopting new infrastructures that support the journey towards digital, end-to-end, platform-driven corporate banking.
03/04/2021
Commercial Bank successfully issues $500mn PNC5 AT1
Commercial Bank's $500mn PNC5 AT1 is the largest size issuance for an AT1 out of Qatar
03/03/2021
Saudi National Bank, the Kingdom’s new national champion in banking
The combination of the two Saudi banks is the latest in a wave of Gulf banking mergers
03/03/2021
Banque Saudi Fransi board recommends $127.9mln dividend
More than one billion shares will be eligible for the compensation at $0.11 per share