UAE banks' asset quality on the rise
Country’s lenders expected to fortify their funding bases as they brace for US interest rate hike The first-half results…
Investment Banking
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Barclays job cut plans not to impact Middle East operations
A potential upward revision of a job cut programme announced a year ago at British banking giant Barclays Plc will…
Chairman of Abu Dhabi's Al Hilal Bank said to resign
The chairman of Abu Dhabi's government-owned Al Hilal Bank has resigned, a week after the chief executive quit, sources aware…
Arison mulls foreign partner for Bank Hapoalim
Shari Arison hopes that selling a stake to a foreign partner would help expand the Bank's international business. Shari…
Almost all UAE banks now using new credit bureau
Almost all banks are now using data from the United Arab Emirates' new credit bureau, its CEO says, a development…
Bank ABC inks $250 million loan facility for Bank Sohar
Bank Sohar has signed a $250 million loan facility with a three-year lifespan, with the proceeds to be used for…
Chief executive of Abu Dhabi's Al Hilal Bank resigns
The chief executive of Abu Dhabi government-owned Al Hilal Bank has resigned, the Islamic lender said on Wednesday. Mohamed Jamil…
Sleepless Ex-Deutsche Banker Preps Iran Deals in Career Bet
With Iran and world powers said to have signed a nuclear deal, Xanyar Kamangar’s big career bet may just be…
National Bank of Kuwait Q2 net profit up 9.9 pct, misses estimates
National Bank of Kuwait, the Gulf Arab state's largest commercial lender, reported a 9.9 percent increase in second-quarter net profit…
Qatari bank CBQ beats forecasts with 17.3 pct jump in Q2 net profit
Commercial Bank of Qatar, the Gulf Arab state's second-largest lender by assets, beat analysts' forecasts with a 17.3 percent rise…
National Bank of Oman profits rise, deposits fall
National Bank of Oman, the country's third-largest bank by assets, reported a 21.4 percent rise in second-quarter profit on Tuesday,…
Arab Monetary Fund lends $58 million to Jordan
The Arab Monetary Fund (AMF) has provided the Hashemite Kingdom of Jordan a new loan of $58 million. The…