UAE committed to financial action task force standards, central bank governor says
The UAE is committed to Financial Action Task Force (FATF) standards and will develop policies to strengthen the local banking…
Retail Banking
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Qatari banks' first-half profit 'strong' despite higher provisioning: Moody's
Qatari banks continue to have strong income-generating capability with their first half profit remaining strong despite higher provisioning costs related…
Qatar cultivates first green bonds as QNB raises $600 mln
Qatar saw its first green bond issue on Tuesday when Qatar National Bank (QNB) QNBK.QA sold $600 million of the…
SABB wins ‘Saudi Arabia’s Best Bank 2020’ award
The Saudi British Bank has been named the “Best Bank in Saudi Arabia for 2020” by Global Finance magazine, an…
Bank of Bahrain and Kuwait to take over Ithmaar Bank’s Bahrain operations
The Bank of Bahrain and Kuwait, one of the biggest commercial banks in Bahrain, and Ithmaar Holding have agreed on…
First Abu Dhabi Bank partners Aldar for card-based payment to property tenants
First Abu Dhabi Bank is partnering Aldar Properties’ real estate management firm Provis to provide consumer card payments for customers.…
Russia's Sberbank to target Middle East investors with UAE subsidiary
Russia's largest lender Sberbank SBER.MM has received approval in principle to open an office in the United Arab Emirates to…
Commercial Bank wins ‘Best Retail Bank in Qatar’ award for fourth consecutive year
Commercial Bank makes headlines again for receiving The Best Retail Bank in Qatar Award for 2020 by The Asian Banker…
Head of Israel's biggest bank expects deals soon with UAE
Israel’s biggest bank expects to strike deals soon with major lenders in the United Arab Emirates for the first time,…
Lebanese banks under more pressure after landmark UK ruling
An English High Court has ruled that Lebanese citizens living in the EU do not have to be in Lebanon…
Covid hits Saudi banks’ profitability outlook: report
The profitability outlook for Saudi Arabia’s banks remains subdued as a result of the twin effects of low oil prices…
Jordan's Capital Bank begins due diligence to buy Lebanon's Audi's units in Jordan, Iraq
Jordan's Capital Bank EXFB.AM has begun due diligence on buying Lebanese Bank Audi's AUDI.BY Iraq and Jordan units in an…