Turkish central bank doubles 2022 inflation forecast to 23%
Turkey’s central bank ramped up its year-end annual inflation forecast to 23.2% from a previous 11.8%, but its chief dismissed…
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Masraf Al Rayan Reports A Net Profit Of QAR 1,718 Million
Total Income exceeded QAR 5,106 million; Net profit reached QAR 1,718 million; Financing assets reached QAR 121 billion, an increase…
Ithmaar Bank relaunches prize scheme
Ithmaar Bank has relaunched its Thimaar savings account, offering its holders 2,016 prizes. The Bahrain-based Islamic retail bank will…
SABB sponsors the 5th Riyadh Industrialists Council
The Saudi British Bank (SABB) was the strategic sponsor of the fifth session of the Riyadh Industrialists Council, which aims…
First Abu Dhabi Bank's full-year net profit jumps 19% to $3.4bln
First Abu Dhabi Bank (FAB), the UAE’s biggest lender, reported a “record performance” in 2021, driven by the UAE’s economic…
QNB named as most valuable brand in Qatar
QNB, the largest financial institution in the Middle East and Africa (MEA) region, has emerged as the most valuable brand…
Qatar banks' total assets increase 8.6% to QR1.827tn in 2021: QNB Financial Services
Total assets of Qatar banks increased by 1.8% month-on-month (MoM) and up 8.6% year-to-date (YTD) in December 2021 to reach…
Emirates NBD's 2021 profit up 34%, says in better shape for higher rates
Emirates NBD's annual profit rose 34% as improved economic activity boosted investment banking income, Dubai's biggest lender said on Wednesday,…
NBK reports net profit of KD 362.2mln for FY 2021
Al-Sayer NBK delivered strong financial results despite the continued challenges posed by the pandemic on operations The flexibility and diversity…
Open Banking Exchange launches in Saudi Arabia
This announcement comes twelve months after the Saudi Central Bank (SAMA) announced its open banking policy, designed to support Vision…
National Bank of Fujairah PJSC 2021 net profit surges 124.2%
Strong capital adequacy, ample liquidity and sound improvement in asset quality enabled enhanced returns and strong recovery NBF has announced…
Kuwait's parliament approves Credit Bank capital hike
Kuwait's parliament on Tuesday unanimously approved a legislative amendment to increase by 300 million dinars ($993.31 million) the capital of…