COVID-19: UAE's ADIB bids on digital to drive Islamic trade finance
UAE lender Abu Dhabi Islamic Bank is renewing its focus on providing shariah-compliant trade financing in the region, driving in…
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QIB’s Gamal warns of profit threat to every bank
Never letting a good crisis go to waste, to borrow a phrase from Winston Churchill, Qatar has used a three-year…
UAE Exchange House's parent company now 'finds' $1 billion plus debt
The parent company of UAE Exchange Centre had “hidden” debts of around $1.3 billion, according to the latest revelations of…
Credit profile of GCC banks to weaken over COVID-19, lower oil prices
Standalone credit profiles of GCC banks are set to weaken following the coronavirus pandemic and the drop-in oil prices, Fitch…
Banque du Liban governor: State spenders must be held accountable
Riad Salameh, governor of the Lebanese central bank, on Wednesday defended his record, rejecting criticism that he was to blame…
NBF reports Dh75 million first quarter 2020 net profit
National Bank of Fujairah posted a net profit of Dh75.4 million for the three month period ended 31 March 2020,…
Bahraini bank Al Baraka boosts provisions to cover any virus impact
Al Baraka Banking Group increased provisions by 10-12% in the first quarter to deal with any fallout from the coronavirus…
National Bank of Fujairah PJSC – Q1 2020 Results
NBF’s robust liquidity and capital position and focused asset and liability management positions its well to navigate the uncertain environment…
Dubai to Avoid Glare of Public Markets and Raise Bonds Privately
Dubai is in talks to raise billions of dollars of debt privately instead of following Gulf neighbors by tapping public…
Al Rayan Bank names new chief risk officer
Jerold Williamson has been appointed as chief risk officer at Al Rayan Bank, subject to regulatory approval. This is…
Bank closes Jersey branch after £475,000 fine
THE Jersey branch of a global bank is closing down its business and leaving the Island after being fined £475,000…
COVID-19 impact: UAE bank profits come under pressure
Early indicators from the first quarter results of UAE banks point to a spike in provisions on expected credit losses…