Al Baraka Banking Group holds its AGM and EGM
Al Baraka Banking Group B.S.C has held its Annual Ordinary General Meeting (AGM) and Extraordinary General Meeting (EGM) on Wednesday,…
Retail Banking
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Banque du Caire unveils official joining of UNEP FI
ArabFinance: Banque du Caire (BDC) (BQDC) has officially joined the United Nations Environment Program Finance Initiative (UNEP FI), according to…
Egypt’s CBE, Arab Monetary Fund ink agreement to tap regional payment settlements, set-offs
Central Bank of Egypt (CBE) has signed an agreement with the Arab Monetary Fund (AMF) to register with the AMF’s…
EDB named Official Banking Partner of AIM 2022
Emirates Development Bank, a key financial engine of the UAE’s economic diversification and industrial transformation agenda, has been named as…
GCC banking sector sees 7-quarter high ROE in 2021: Kamco
Higher profits reported by GCC banks pushed the aggregate return on equity (ROE) for the sector to a 7-quarter high…
Egypt state banks sell $16.6 bln in 18% CDs, absorbing post-devaluation liquidity
Egypt's two biggest state banks have sold 303 billion Egyptian pounds ($16.57 billion) in special certificates of deposit (CDs) they…
All sectors return to activity in Bahrain says CBB data
Bahrain’s key economic indicators are consistent with the return to activity of all economic sectors in the Kingdom and demonstrate…
First Abu Dhabi Bank to buy Egypt’s EFG Hermes
UAE lender First Abu Dhabi Bank has set the wheels in motion for the purchase of a 51 percent stake…
Sharjah Islamic Bank wins the Dubai Service Excellence Program award
Sharjah Islamic Bank picked up the award for Best Service Performance Brand in the service sector, at the twenty-eighth session…
Al Baraka Bank covers $40.93mln of Palm Hills’ sukuk issuance
Al Baraka Bank Egypt has contributed EGP 750 million to the coverage of the issuance of EGP 3.251 billion sharia-compliant…
Social Development Bank allocates $2.9bn to support Saudi entrepreneurs
The Social Development Bank announced at the Gulf Entrepreneurship Congress in Riyadh to allocate more than SR11 billion ($2.9 billion)…
BankDhofar raises a SOFR linked dual tranche syndicated term facility
BankDhofar, the second largest bank in Oman by assets, announced that it had successfully raised USD 400 million dual tranche…