Emirates NBD takes fight to FAB in battle for UAE retail market
Emirates NBD Bank PJSC's aggressive retail lending has enabled the Dubai-based bank to eclipse larger rival First Abu Dhabi Bank…
Retail Banking
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Strong credit growth to sustain profitability of Saudi banks in 2021
Banks in Saudi Arabia are expected to maintain strong loan growth in 2021, largely led by retail lending leading to…
HSBC Saudi Arabia Agrees to Relocate 3 Units to SABB’s Unit
HSBC Saudi Arabia said it had agreed to transfer its asset management, retail brokerage and retail margin lending businesses to…
Bahrain-based banks are ready for Open Banking
The Central Bank of Bahrain has announced the progress made by retail banks in Bahrain on complying with the Bahrain…
Khaleeji Commercial Bank BSC : ‘KHCB' offers Exceptional Real Estate Financing for Owns at ‘Danat Al Baraka' Project via ‘Mazaya'
Khaleeji Commercial Bank has recently announced the signing of an agreement with Eskan Bank to launch exclusive real estate financing…
Emirates NBD hires banks for AT1 dollar bonds – document
Dubai’s biggest lender Emirates NBD has hired banks to arrange the sale of U.S. dollar-denominated Additional Tier 1 bonds that…
Egypt’s e-payments to suppliers, state worker salaries record EGP 628bn, EGP 377bn respectively
Egypt’s Minister of Finance Mohamed Maait has announced that electronic payments (e-payments) made in the past 23 months to suppliers…
Citi appoints Citi Saudi Arabia CEO
Citi has announced the appointment of Wassim Al-Khatib as Citi Saudi Arabia (CSA) Chief Executive Officer, subject to approval by…
Saudi bank mortgage portfolios to expand 30 percent annually says S&P
Strong housing demand and the government’s commitment to meet Vision 2030 targets is expected to support Saudi credit growth over…
UAE banks to soft land amid profitability and asset quality challenges
The UAE’s banking sector that came under pressure from huge spike in loan loss provisions and squeeze on profitability from…
Al Salam Bank Partners with the Ministry of Housing and Eskan Bank for the Danaat Al Baraka project
Al Salam Bank has signed a Memorandum of Understanding with Eskan Bank and the Ministry of Housing under the “Mazaya”…
Mohamed Serokh new leader of Deloitte's Transfer Pricing practice
After spending fifteen years with PwC, Mohamed Serokh has crossed over to Big Four rival Deloitte where he will lead…