Gulf International Bank achieves 62% increase in first quarter net profit
Gulf International Bank B.S.C. reported a net profit of $12.8 million for the first quarter of 2022 attributable to the…
Retail Banking
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Commercial Bank wins 'Most Outstanding Innovation in Fraud Detection award in the World' from Global Finance
Commercial Bank, the most innovative digital bank in Qatar, won “The Most Outstanding Innovation in Fraud Detection award in the…
Ithmaar posts $3.95m Q1 profit; operating income up 16pc
Ithmaar Bank, a leading Bahrain-based Islamic retail bank, has reported a net profit of BD1.502 million ($3.95 million) for the…
QIB wins 4 prestigious awards from the Digital Banker Magazine
Qatar Islamic Bank (QIB) is pleased to announce its recognition with four prestigious awards at The Digital Banker’s - Middle…
UAE Banks to Benefit from High Oil Prices, Rate Rises
UAE banks’ Standalone Credit Profiles will be supported by improved operating conditions due to high oil prices and rising interest…
Bahrain-based Bank ABC Q1 net profit rises 3pc to $31m
Bahrain-based Bank ABC (Arab Banking Corporation) has posted a $31 million Q1 net profit attributable to the shareholders of the…
Dukhan Bank reports QR392m net profit for Q1
Dukhan Bank has announced QR392m net profit for the first quarter of 2022, recording an increase of 47 percent compared…
Top 10 Saudi banks post 15.5% surge in 2021 net income
Profitability metrics of the top 10 banks in Saudi Arabia witnessed an improvement during 2021 with post Covid-19 economic recovery,…
GCC central banks raise interest rates after US Federal Reserve move to curb inflation
The central banks of the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar increased their benchmark interest rates following the US…
Arab Bank Group reports $166 million in net profit for first quarter of 2022
Arab Bank Group reported Saturday a net profit of $166 million in the first quarter of 2022, compared to $128.3…
UAB's profits hike 198% in Q1-22 unaudited financials
The net profits of United Arab Bank skyrocketed by 198% to AED 30.38 million in the first quarter (Q1) of…
Mashreq Bank joins UAE KYC Blockchain Platform, enables firms to open instant digital bank account
UAE-based privately owned Mashreq Bank has joined the UAE KYC Blockchain Platform initiative, partnering with Dubai’s Department of Economy and…