CBO issues treasury bills worth OMR29 million
Oman’s central bank raised OMR29 million by way of allotting treasury bills on Tuesday. The treasury bills are for…
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JCB in pact with Riyad Bank to expand in Saudi Arabia
JCB International has entered an acquiring partnership with Riyad Bank to enable acceptance of JCB cards at merchant terminals and…
FAB posts Q3 net profit up 4% at $680m
First Abu Dhabi Bank has reported a net profit of AED2.5 billion ($680 million) for the third quarter (Q3) of…
NBB reports $37.1m Q3 net profit
National Bank of Bahrain (NBB) has reported a 12.5% decrease in its net profit attributable to equity shareholders to BD14…
Ahli United Bank announces update on AUB Egypt acquisition
Ahli United Bank – Bahrain (AUB Bahrain) announced that the public tender offer to increase its stake in its unit…
Bahrain's Investcorp bets on e-commerce growth with $280m US real estate deal
Bahrain-based Investcorp on Monday announced that it has acquired 32 industrial properties totalling 3.5 million square feet across four major…
DIB to suspend services for final merger phase with Noor Bank
Dubai Islamic Bank will temporarily suspend its services to complete the final phase of its merger with Noor Bank. The…
UAE's biggest bank FAB posts 19% drop in Q3 net profit
First Abu Dhabi Bank, the United Arab Emirates' biggest lender, reported a 19% fall in quarterly profit on Monday, dragged…
Egyptian bank CIB says chairman stepping down
Commercial International Bank Chairman Hisham Ezz al-Arab is stepping down with immediate effect under orders from the central bank, which…
QDB launches "KHOTWA" programme to support retirees projects
Qatar Development Bank, in co-operation with the General Retirement and Social Insurance Authority launched the 5th edition of "KHOTWA" programme,…
Saudi's Al Rajhi Bank reports 3% drop in third-quarter profit
Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 3% drop in third-quarter net profit on Sunday, but…
Standard Chartered Named Best Renminbi Bank In The UAE For The Second Consecutive Year
Standard Chartered has been named the ‘Best Renminbi Bank’ in The UAE for the second year in a row by…