01/27/2021
UAE banking sector still 'in good health': Emirates NBD
Lender optimistic about economic growth in 2021
Retail Banking
01/27/2021
HSBC launches first cashback credit card
The HSBC Signature Cashback Credit Card complements the existing HSBC Credit Card suite and gives customers a greater variety of payment options to suit their individual needs.
01/26/2021
Arab Bank Group reports net profits of $195.3 million for 2020 12% cash dividends
The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020
01/26/2021
Qatar commercial banks post more than 9% jump in total domestic credit in December 2020
Credit to the general services witnessed a 14.44% year-on-year jump to QR292.75bn, which was about 89% of the total credit to the services sector.
01/25/2021
Burgan Bank Intends to Redeem KD100 Million, Subordinated Tier 2 Bonds Issued in 2016
The bonds comply with the Basel III regulatory framework, as adopted by the Central Bank of Kuwait.
01/25/2021
Borrowers from ODB benefit from loan deferment
Oman Development Bank provides more than 11,800 development and emergency loans during 2020, with a total value of OMR 68.8 million , with a growth rate of 13 percent compared to 2019.
01/24/2021
Saudi Arabia’s bank merger between NCB and Samba to consolidate asset management
NCB Capital likely to go for product diversification into fixed income and alternatives
01/22/2021
QIIB names winners of National Day Cards Campaign
The card campaign allows QIIB (debit, credit) cardholders to win prizes with each equivalent to180,000 QIIB points when using QIIB cards (inside and outside) Qatar.
01/22/2021
HSBC plans ambitious UAE growth with balance sheet of 'billions of dollars'
Abdulfattah Sharaf, group general manager, CEO of HSBC UAE and head of international, HSBC Bank Middle East Limited, speaks exclusively to Arabian Business as the lender prepares to open its new private banking branch
01/22/2021
Ithmaar Bank re-launches Thimaar savings account
Ithmaar Bank is committed to becoming the retail bank of choice,” said Ithmaar Bank Deputy Chief Executive Officer, Abdul Hakeem Al Mutawa.
01/21/2021
Bank Audi sal and FAB sign definitive agreement for the sale and purchase of 100% of Bank Audi sae (Egypt)’s share capital
The transaction is expected to be completed within the next few months, following the satisfaction of customary conditions, including the receipt of regulatory approvals in the UAE and Egypt.
01/21/2021
Riyad Bank plans to launch up to $2.67bn sukuk progam
The purpose of the program is to strengthen the bank's capital base
01/21/2021
Crédit Agricole Egypt signs a cooperation protocol with Dsquares to launch the first loyalty program availing online redemption
The new program reflects the bank's strategy to achieve customers' satisfaction
01/20/2021
FAB launches 2021 Global Investment Outlook Report
First Abu Dhabi Bank has published its 2021 Global Investment Outlook Report: ‘Paving the path for our investors to grow stronger’.
01/20/2021
Emirates NBD sees increased remittances via 60 second DirectRemit service
Bank records rise in DirectRemit transfers as customers switch to digital platforms
01/20/2021
Qatar banks’ assets rose by 3.7% in first nine months of 2020: PwC
In the report, PwC added that Qatar’s financial institutions are accelerating transformation programmes to build financial institutions of the future aimed at increasing cost efficiencies and lending activities by reaching out to new customer segmen
01/19/2021
Qatari bank sees gradual growth in Saudi Arabia
Qatar National Bank expects its business in Saudi Arabia will pick up only gradually after reviving its Riyadh branch
01/19/2021
QIB net profit rises to QR3.07bn in 2020
Total Assets of the Bank has increased by 6.6 percent compared to 2019 and now stands at QR174.4bn driven by a growth in the core banking activities.
01/19/2021
Ahlibank net profit rises to QR680.06m in 2020
This demonstrates a continued vote of confidence from international investors in both Qatar and Ahlibank.
01/19/2021
Abu Dhabi market leads broader gains
First Abu Dhabi Bank was the best performer on the benchmark, adding about 8%.