Commercial Bank of Dubai hires banks for perpetual bonds
Commercial Bank of Dubai has hired a group of banks to arrange a global investor call ahead of a potential…
Retail Banking
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Fitch Affirms Burgan Bank Turkey at 'B+'; Downgrades Viability Rating to 'b-'
Fitch Ratings has affirmed Burgan Bank A.S.'s (Burgan Bank Turkey) Long-Term Foreign-Currency Issuer Default Rating at 'B+'. The Outlook is…
Banking innovations prod customers to go digital
Making use of the latest technology, banks in Qatar are prodding residents to go digital. Banks have rolled out innovative…
Saudi’s National Commercial Bank buys Samba in $14.8B deal
Saudi Arabia’s National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at…
Fund transfers among the UAE banks amounted to Dhs6.307tr
The total value of fund transfers among the UAE’s banks amounted to Dhs6.307 trillion during the first eight months of…
Islamic Corporation for the Development of the Private Sector issues $600 mln five-year sukuk
The Islamic Corporation for the Development of the Private Sector (ICD) sold a $600 million five-year sukuk with a profit…
HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud
Despite the world health crisis, HSBC’s economists forecast that Egypt’s GDP growth will be 2.4% in 2020, while their expectations…
UAE and GCC economies to rebound in 2021: HSBC’s regional CEO
COVID-19 has inflicted unprecedented damage to the global economy. In an exclusive interview with Gulf News, Martin Tricaud, Chief…
Saudi Arabia's NCB and Samba agree to $15bn merger that will create kingdom's largest lender
Saudi Arabia’s National Commercial Bank, the kingdom's biggest lender, agreed to merge with Samba Financial Group, in a $15 billion…
QNB nine-month net profit falls as it books more provisions
Qatar National Bank, the Gulf's largest lender, saw a roughly 18% fall in its third-quarter profit as it booked more…
NCB-Samba to merge into Saudi banking heavyweight
Saudi Arabia's biggest lender National Commercial Bank 1180.SE (NCB) has entered a binding merger agreement with smaller lender Samba Financial…
The Egyptian Central Bank establishes a company to transfer funds and…
The Central Bank of Egypt announced the establishment and launch of the “EgyCash Technology Solutions for Cash Transactions”, which specializes…