Most Gulf markets fall; Abu Dhabi gains
Most Gulf markets ended in the red on Thursday, with the Saudi index pressured by losses in its banking shares.…
Retail Banking
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National Bank of Kuwait sells $700 million AT1 bonds -document
The National Bank of Kuwait launched $700 million Additional Tier 1 bonds on Thursday at 3.625%, a document showed. …
Infinet Wireless provides NBO with reliable connectivity
The National Bank of Oman (NBO), the largest local bank in that country, recently chose Infinet Wireless’ solutions for the…
National Bank of Bahrain goes live with Backbase-built digital banking platform
National Bank of Bahrain has announced the launch of its new digital banking platform, built in partnership with banking technology…
New SME bank to help fill Kingdom’s financing gaps
Saudi Arabia’s decision to set up a bank dedicated to small and medium-sized enterprises has been welcomed by industry experts…
National Bank of Bahrain B.S.C. reports a net profit of BHD 53.3 million
National Bank of Bahrain B.S.C. has reported a 44.0% decrease in its net profit attributable to equity shareholders to BHD…
Global payments platform Adyen selects DIFC for its regional headquarters
DIFC selected as Adyen’s regional headquarters to serve the Middle East Adyen has a market capitalisation of €66.4 billion and…
Commercial Bank launches Tap N’ Earn campaign
Commercial Bank, Qatar’s leading innovative digital Bank, has launched “Tap N’ Earn”, an exciting campaign encouraging CB customers to pay…
Bahrain's Bank ABC focuses on fees, eyes new markets for digital bank
Gulf banks face a tough year and the pandemic is spurring lenders to introduce digital services more rapidly, a top…
UAE banks returned $3.94bln received from Central Bank's $13.61bln TESS
UAE national banks have returned around AED14.47 billion from the stimulus they had received since March 2020 from the Central…
Global companies to be rewarded for setting up in KSA: Officials
Saudi Arabia’s decision to stop signing contracts with foreign companies from 2024 unless their regional headquarters are based here will…
Emirates NBD and MetLife form strategic partnership
Emirates NBD and MetLife have announced a strategic partnership to provide insurance products and solutions to the bank's extensive wealth,…