Saudi banks lead Gulf in loan growth as sector posts strong quarter
Saudi Arabian banks reported the Gulf’s biggest increase in net loans in the second quarter while return on equity surged…
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Saudi Arabia: 95 bank branches close in last year
Saudi banks closed 95 branches in various regions of the Kingdom in the last year, according to Saudi Central Bank.…
Top 10 UAE banks record healthy Q2 rebound
The top ten UAE banks recorded a healthy rebound in profitability and balance sheet metrics in the second quarter with…
GCC banks saw record loan growth in Q2 as economies revived
Listed banks in the GCC continued to post robust growth in lending activity during the second quarter (Q2) of 2021,…
QIB wins 6 accolades from Global Finance Best Digital Banks Awards 2021
Qatar Islamic Bank (QIB) was recognised for reforming the banking sector in Qatar and the region with the introduction of…
Bank Alfalah posted market leading growth in deposits and consumer lending – profit up by 24%
The Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited…
Jordan gov’t acquaints banking sector with economic recovery priorities
The government on Wednesday presented its priorities for economic recovery between 2021 and 2023 to members of the banking sector…
LE 2.7M stolen from clients of Banque Misr
Clients of Banque Misr were subjected to 13 incidents of theft by unknown persons, with a total value of LE…
Can Gen Z help reshape traditional banking to suit their 'mobile-first' lives?
When Khalifa Younis Al Khouri, a 16-year-old who lives in Abu Dhabi, does his banking, he avoids physical branches and…
The future of payments in the Middle East
The payments landscape in the Middle East is heading for an inflection point. Despite the region’s digitally savvy population—with smartphone…
ADIB launches Amwali, the world’s first Islamic Digital Bank targeting GenZ
Abu Dhabi Islamic Bank (ADIB) officially unveiled “Amwali” digital bank, the world’s first Islamic digital bank targeting youth between the…
UAE banking sector profitability improves in Q2 2021
The UAE banking sector’s profitability improved in the second quarter on 2021 with the return on equity (RoE) back at…