18 banks, financial companies record profits of AED46.47 billion in 2019
A total of 18 out of 19 national banks and financial companies registered in Emirati financial markets declared their financial…
Retail Banking
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ADCB and Al Hilal Bank sign agreement with Etihad Holidays
Abu Dhabi Commercial Bank and Al Hilal Bank have signed an agreement with Etihad Holidays, the destination and leisure management…
FAB raises over Dh3b through bonds within 3 days
First Abu Dhabi Bank, the UAE’s largest bank has issued bonds worth over Dh3 billion via two separate public issuances…
UAE bank customers' complaints to be dealt with quickly under new guidelines
Customers of banks and financial institutions in the UAE will have greater protection under new guidelines being drafted by the…
UAE banks will have to process consumer complaints within timeframe
Banks and financial institutions in the UAE will have to process consumer complaints within a certain timeframe and also give…
Ajman Bank’s net profits drop in 2019
Mubasher: The net profits of Ajman Bank plunged to AED 84.402 million in 2019 from AED 170.034 million in 2018,…
OAB appoints new acting head of retail banking division
Oman Arab Bank has appointed Rashad Al Shaikh as the new Acting Head of Retail Banking Division, as of January…
Ithmaar Holding reports profits for the year
Ithmaar Holding has announced its financial results for the year ended 31 December 2019. The announcement, by Ithmaar Holding…
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
Kuwaitis, expats borrowed 1.57 billion dinars in 2019
The credit granted by Kuwaiti banks witnessed a 4.3% jump during 2019 by end of the year to record 38.4…
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
Discover Increases Acceptance in Oman
Discover Global Network has signed a deal with the National Bank of Oman to increase acceptance for Discover, Diners Club…