VakıfBank becomes first Turkish lender to obtain license in Qatar
Turkish public lender VakıfBank has obtained a banking license in Qatar, it announced Monday. The bank's announcement came after…
Retail Banking
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SABB reports 7.6% drop in Q1 profit at $272m
The Saudi British Bank recorded a net profit after zakat and income tax of SR1,022 million ($272 million) for the…
First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold -sources
First Abu Dhabi Bank has put on hold discussions to acquire the Egyptian assets of Lebanon's Bank Audi AUDI.BY due…
Mashreq welcomes new executive team member
Mashreq has appointed Mufazzal Kajiji as the new Head of Mashreq Gold and Executive Vice President of Mashreq Bank, to…
Saudi’s NCB posts 2% rise in first-quarter profit even as impairments surge 173%
Saudi Arabia’s National Commercial Bank posted a 2.1% rise in profit for the first three months of the year to…
Digital innovation crucial for banks
We are living in an increasingly digital and automated world, characterised by rapid technological advancements that have come to be…
First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold: sources
First Abu Dhabi Bank (FAB.AD) (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi…
Saudi NCB, Samba post profits, diverge on provisions
National Commercial Bank, Saudi Arabia's biggest lender, on Sunday posted a 2.1% rise in quarterly profit despite higher provisions while…
Saudi wealth fund boosts US holdings with stakes in Citi, Boeing, Facebook
Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing , Facebook and Citigroup ,…
Mashreq welcomes new executive team member
Mashreq, one of the leading financial institutions in the UAE, has appointed Mufazzal Kajiji as the new Head of Mashreq…
Egypt's Suez Canal Bank to sell entire stake in Midor
Egypt’s Suez Canal Bank will sell its entire stake in Middle East Oil Refinery (Midor) for $30.6 million. The…
Emirates Post records 45% increase in last-mile delivery volumes in UAE
Emirates Post has registered a 45% growth in last mile delivery volumes since the beginning of 2020 compared to Q4…