StanChart sees Asia, Middle East as bright spots in weak global economy
Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in…
Retail Banking
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QNB Group, Ajlan & Bros Holding strategic partnership to grow digital banking presence in Saudi Arabia
QNB Group has entered into a joint venture agreement with Ajlan & Bros Holding, to “collaborate and grow” the digital…
Banque Saudi Fransi completes $700mln notes offering
Saudi Arabian lender Banque Saudi Fransi has completed issuing USD-denominated notes for a total value of $700 million under its…
Dubai Islamic Bank and Al Ramz Corporation announce strategic alliance
Dubai Islamic Bank PJSC and Al Ramz Corporation PJSC have announced a strategic partnership to leverage capital markets services and…
UAE banks' revenue to jump to $25bln boosted by digitisation – report
The revenue of UAE banks is expected to rise by 52% to about $25 billion by 2030, with digital transformation…
GCC retail sector set for 15.7% growth in 2022 but greater digital focus is needed: Alpen Capital
Retailers in the Gulf Cooperation Council region are reporting higher turnovers due to inflation rises and consumers increasing spending on…
Chairman of Bank Leumi Promotes Economic Collaborations in the Middle East
Chairman of Israel's Bank Leumi, Dr. Samer Haj-Yehia, participated this week in a series of international conferences in the Persian…
HSBC Oman board approves merger agreement with Sohar International
HSBC Bank Oman's board of directors has approved entering into a binding merger agreement with Sohar International Bank as the…
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
Banque Misr, one of the largest banks in Egypt, has secured a loan of $160 million from the African Development…
Al Salam Bank's Ithmaar unit acquisition valued at $2.2bln
Al Salam Bank recently announced that it has completed the acquisition of select assets from Ithmaar Holding in Bahrain, including…
Al-Othman: Weyay Bank exceeded its customer acquisition goal by 300%
Mohammed Al-Othman, General Manager – Consumer Banking Group at National Bank of Kuwait said that banks in Kuwait embarked on…
GIB achieves 30% increase in Net Profit for the nine-month period ended 30th september 2022
For the third quarter of 2022, GIB reported a net profit attributable to the Shareholders of the Bank amounting to…