HSBC MENAT eyes growth opportunities as GDP, trade rebound
HSBC has ambitious plans for growth in its business in the Middle East, North Africa and Turkey (MENAT), where a…
Retail Banking
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Bank Muscat posts net profit of OMR163.36 million
Bank Muscat, the leading financial services institution in the Sultanate, announced its preliminary unaudited results for the year ended December…
Saudi Arabia’s Top Bank Follows UAE Rivals to Dollar Bond Market
Saudi Arabia’s National Commercial Bank hired advisers to tap the dollar bond market, joining rivals in the neighboring United Arab…
Improved GCC equity outlook amid Covid-19 vaccines rollout: NBK
GCC equity markets will likely continue to be influenced by their global peers, geopolitical factors, oil market stability, implementation of…
Israeli lenders Hapoalim and Leumi sign accords with National Bank of Bahrain
Israel’s two largest banks, Bank Hapoalim Ltd. and Bank Leumi Le-Israel Ltd., said on Sunday they have signed memorandum of…
Bank ABC enters agreement to acquire Blom Bank Egypt
Arab Banking Corporation has announce that it has entered into an agreement with Blom Bank S.A.L. on Friday 15 January…
Dukhan Bank names winner of its QR1m Thara’a grand prize
Dukhan Bank yesterday announced Ameera Al Saadi as the winner of its QR1m Thara’a grand prize. The draw was…
Bank ABC acquires Blom Bank Egypt for $480 million – sources
Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million on Thursday, two…
Britain, Gulf could create Islamic superbanks, says top UK financier
Gulf banks could reach out to offer more services into Britain in the coming years, according to one of the…
QNB’s total assets reach QR1 trillion
For the first time in history of the region, QNB became the first banking institution to record total assets of…
Qatar National Bank profits drop 16% as loan loss provisions rise
Qatar National Bank, the Gulf’s biggest bank by assets, on Tuesday reported a drop in annual profit of more than…
Mortgage financing: Dubai Islamic Bank, EMAAR sign agreement
Dubai Islamic Bank & EMAAR Karachi Ltd signed an agreement to promote home financing for their current and upcoming projects.…