UAE central bank urges commercial lenders to use stimulus scheme
The United Arab Emirates central bank on Sunday urged commercial lenders to use the $70 billion-worth of capital and liquidity…
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ECI inks strategic partnership with National Bank of Fujairah
In the wake of the COVID-19 outbreak, banking institutions in the UAE are establishing many new ways to help their…
Qatar- Ahlibank reports net profit of QR180.4m for first quarter
Ahli Bank (Ahlibank) has recorded a net profit of QR180.4m for the first three months of 2020, an increase of…
Bahrain’s Kuwait Finance House joins ‘Skiplino’ app
Kuwait Finance House–Bahrain has announced joining the ‘Skiplino’ application. The app allows the bank’s customers to remotely make appointments via…
UAB's shareholders raise foreign ownership to 40%
The ordinary general meeting of United Arab Bank has approved raising the foreign ownership limit to 40%, setting the national…
BLOM Bank Egypt increases capital to $190mln
Egypt’s general assembly has agreed to increase the bank’s issued and paid capital by EGP 1bn, meaning its capital now…
BNP Paribas activates emergency support plan in Bahrain in response to global health crisis
100,000 EUR will be donated to Bahrain’s national campaign against the coronavirus pandemic BNP Paribas and its subsidiaries around the…
UAE banks told not to terminate Emiratis or cut their salaries due to coronavirus
The UAE Central Bank has postponed Emiratisation target in the financial sector for 2020 and also asked banks not to…
United Arab Bank: The Journey Forward
United Arab Bank shines wiser, stronger, taller and more determined on the other side of 2019. As a result of…
QIIB launches ‘corporate cash deposit’ cards
QIIB has launched its ‘Corporate Cash Deposit’ cards that allow the bank’s corporate customers to make cash deposits round the…
QIB posts 3-month profit of QR687.5mn
Qatar Islamic Bank has reported net profit of QR687.5mn for the first three months ended March 2020 and said its…
UAE's ADCB files criminal complaint against NMC officials
Abu Dhabi Commercial Bank, a key lender to NMC, has initiated criminal legal proceeding with the Attorney General in Abu…