Masraf Al Rayan-al khaliji potential merger will enhance combined entity’s franchise
The potential merger of Masraf Al Rayan and Al Khalij Commercial Bank (al khaliji) would maintain the combined entity’s (Masraf…
Retail Banking
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ADIB records surge in demand for digital banking services
Abu Dhabi Islamic Bank has recorded high levels of digital adoption across its retail and corporate banking services in the…
QNB 1st in MEA on The Banker’s list of ‘Top 1000 World Banks’
QNB Group, the largest financial institution in the Middle East and Africa (MEA), has maintained the first position in the…
S&P reaffirms Commercial Bank’s stable outlook
S&P Global Ratings reaffirmed on June 29th its stable outlook on Commercial Bank of Qatar, a short-term rating of A-2,…
Saudi Arabia can bridge budget gap through debt, says Citi Bank chief
Saudi Arabia has the capacity to help fund its budgetary needs during the COVID-19 crisis via a mixture of local…
CIB obtains $100m support loan from CDC
The Commercial International Bank – Egypt (has announced it has signed an agreement to obtain a $100m support loan from…
UAE needs to bring in the ‘revenge’ spenders
On May 5, the Shanghai government introduced the “Double Five Shopping Festival”, scheduled to last for two months, providing mega…
Gulf’s betting big on banking consolidation, and it will pay off
GCC economies were moving towards more sustainable ways well before the COVID-19 pandemic struck. This was caused by the 2016…
Citi targets more growth in Saudi Arabia after adding over 20 bankers in two years
Citigroup is planning to hire more bankers in Saudi Arabia for its direct custody business after adding more than 20…
Shock move comes as PM warns of ‘financial blockade to starve the people’
Salim Sfeir, chairman of the Association of Banks in Lebanon (ABL), said that US dollars will be supplied by the…
UAE: new consumer and data security law moves closer
A new federal law on consumer protection, with provisions on data security included, has moved closer to being finalised after…
New M&A Wave Seen for Gulf Banks Trying to Outrun Virus Slowdown
The coronavirus-induced economic slowdown is prompting a new wave of consolidation talk among banks in the Persian Gulf. In…