What Dh1m can buy you on the UAE's property market
If you're looking to invest in the UAE's property market, then what can Dh1 million buy you in the current…
Retail Banking
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Uncertain Future For GCC SMEs
With a $2.3 trillion in assets at the end of 2019, banks in the six-member Gulf Cooperation Council (GCC) would…
Dubai’s Department of Economic Development Launches UAE KYC Blockchain Platform
Dubai Economy (Dubai Department of Economic Development or DED) and Emirates NBD, a leading banking group in the MENAT region…
FAB Q2 net income slides as provision charges rise
First Abu Dhabi Bank, the UAE’s largest lender by assets, reported a 25 per cent drop in its second quarter…
M&A benefits the Saudi banking sector
Last year two local banks (SABB and Alawwal bank) legally completed their historic merger. It was a transformational event for…
First Abu Dhabi Bank raises impairments to Dh1.06b
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…
HSBC arranges first green export credit agency loan for Saudi ministry
Lender HSBC arranged a $258m export credit agency loan for Saudi Arabia’s Ministry of Finance. HSBC acted as a…
Abu Dhabi Commercial Bank cuts employees
Abu Dhabi Commercial Bank is letting go hundreds of employees - the latest in a round of lay-offs by regional…
NBK reports KD 111.1 million net profit for the 1H 2020
Al Sayer: NBK is committed to supporting Kuwait’s economy to ease the impact of the pandemic and will be a…
Moody’s affirms Barwa Bank’s credit rating at ‘A2/Prime-1’ with ‘stable’ outlook
Barwa Bank announced that Moody’s, the global credit rating agency, has affirmed its long-term credit rating at ‘A2/Prime-1’, with a…
Doha Bank posts QR501mn half-yearly net profit
Doha Bank posted a net profit of QR501mn in the first half of the year (H1, 2020), chairman Sheikh Fahad…
Abu Dhabi's ADCB to lay off 400 employees, sources say
Abu Dhabi Commercial Bank (ADCB) is letting go hundreds of employees, sources said, the latest in a round of lay-offs…