National Commercial Bank issues board circular for planned merger with Samba
National Commercial Bank (NCB) issued today, Feb. 9, a circular addressed to its shareholders with respect to the planned merger…
Retail Banking
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FAB partners with Mastercard to enhance commercial payments for UAE businesses
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has…
UAE's biggest bank returns to debt markets for fifth time in 2021
The UAE's biggest bank has returned to the debt markets for the fifth time in less than two months. …
Saudi Arabia to introduce faster interbank instant money transfers this month
Saudi Arabia this month will introduce a new inter-bank money transfer system, which will allow payments to be processed faster…
HSBC's business clients in UAE can now make 'virtual' card payments
HSBC has introduced a ‘virtual’ debit card in the UAE, which the UK bank says is a first in the…
Doha Bank Achieves Net Profit of QR. 703 Million for 2020
His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, has announced…
Al Ahli Bank of Kuwait (ABK) Appointments Omar Whaby as Chief Executive Officer- UAE
Al Ahli Bank of Kuwait this week has announced the appointment of Omar Wahby as CEO – UAE. Omar has…
GCC Consumer Confidence out performs that of G8 Nations
Consumers in the GCC are among the world’s most optimistic when considering a post-Covid future according to the Inaugural Ding…
Oman Development Bank grants loans worth over OMR120mn
Oman Development Bank has worked on increasing its finance to the industry sector by offering loans worth more than OMR120…
Bank Albilad 2020 net profit up 8% to $346.6m
Bank Albilad reported a net profit of SR 1.348 billion ($346.6 million) for 2020, up 8 percent, compared to SR…
Qatar First Bank acquires '“Huntsman International' HQ in Texas
Qatar First Bank has completed the acquisition of Waterway Plaza I, a class A+ office tower spanning more than 223,0000…
Dubai’s largest bank positive about UAE equity markets in 2021
The outlook for the UAE stock markets is positive and Dubai’s largest bank Emirates NBD is bullish about the UAE…