Burgan Bank announces the new winner of the KD 125,000 cash prize in the Yawmi Quarterly Draw
Burgan Bank has announced Mr. MOHAMMAD ABDULLAH ALWAZZAN as the new KD 125,000 cash prize winner in the Yawmi Quarterly…
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Liquidity of UAE banking system back to pre-COVID-19 levels: central bank governor
During the year’s first quarterly meeting with the CEOs of the largest banks operating in the UAE, the governor of…
Doha Bank shareholders approve extension period for bond issuance under EMTN programme
* Doha Bank's Ordinary General Assembly also endorsed the board’s recommendation to distribute cash dividends to the shareholders by QR0.075…
Government projects to boost Qatari banks’ lending growth
The banking sector of Qatar will be less impacted by the adverse effects of COVID-19 outbreak, compared to banking sector…
GTA announces partnership with Commercial Bank and QIIB
The General Tax Authority has signed a Memorandum of Understanding (MoU) with the Commercial Bank of Qatar and Qatar International…
Banque Misr tender offer for CI Capital receives strong shareholder interest
The tender offer, which closed on Thursday, was 1.1x oversubscribed, with shareholders agreeing to sell some 720.8 million shares. This…
Saudi banks thriving on back of govt reforms: KPMG
Backed by government reforms, halt in credit losses, stable liquidity, stronger CAR, and transformational changes, Saudi Arabia’s banks are heralding…
UAE leads Middle East’s digital wallet revolution
UNWIELDY wads of cash gave way to plastic money decades ago. Now cash and plastic are passé, and digital wallets…
Will Gulf banks suffer from ‘long-COVID?’
Gulf banks are expected to experience a long lasting impact from the pandemic as asset quality deteriorates, Moody’s said. …
UAE-GCC states trade exchange at $62bln in 2019
The trade exchanges between the UAE and GCC states amounted to around AED229 bn in 2019, a 4 percent growth…
UAE banks provided $1.06bln in industrial sector credit facilities for non-residents in 2020
The UAE banks provided in 2020 AED3.9 billion in industrial sector credit facilities for non-residents, according to figures revealed by…
Alawwal & SABB fully integrate in historic bank merger
SABB and Alawwal bank completed their historic merger on March 14, with all products and services now combined for all…