Ebdaa Bank chairman in Forbes ‘most powerful’ list
Mona Yousuf Khalil Almoayyed, chairman of Ebdaa bank for Micro financing – Bahrain, has been awarded first-rank in Bahrain and…
Retail Banking
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Libya’s banking woes escalate with conflict
Banks in Libya have been foundering for years under the weight of worsening chaos and UN Envoy Ghassan Salame warned…
National Bank of Fujairah PJSC – Operating profit and income up over 8% exhibiting resilient business performance and effective asset and liability management
Operating income at AED 1.7 billion experienced a growth of 8.5%. This was driven by a high level of resilience…
Emirates NBD remains UAE's top banking brand with a value of USD 4.13 billion
Emirates NBD continues to be the UAE’s most valuable banking brand with a USD 4.13 billion brand valuation in the…
Ahli Bank registers net profit growth of 7.7% in 2019
Ahli Bank has announced its unaudited financial results for the year ended 31 December 2019. The bank’s net profit increased…
NBO’s Al Kanz Mega Draw Rounds off 2019 With Over 700,000 Rials in Cash Prizes
National Bank of Oman ended the year by giving away more than OMR 700,000 Omani Rials as part of its…
OAB Signs Agreement with Majan Lounge
Oman Arab Bank recently signed an agreement with Majan Lounge at the Muscat International Airport. The agreement will see…
UAE's largest bank said to cut hundreds of jobs
First Abu Dhabi Bank has cut hundreds of jobs, according to people with knowledge of the matter, making it the…
Jersey’s Royal Court fines Abu Dhabi Commercial Bank £475,000
A Middle-Eastern bank has been fined £475,000 by Jersey’s Royal Court for failing to abide by money-laundering laws. The…
Brand Value of World’s Largest Banks Contracts First Time since Financial Crisis
For the first time since 2009, the total brand value of the world’s 500 largest banks has declined year on…
Dubai’s CBD reports 20.5% profit increase on higher revenue
Commercial Bank of Dubai reported a 20.5 per cent increase in its full-year net profit for 2019 on the back…
Kuwait's Boubyan Bank hires arrangers for dollar sukuk
Kuwait’s Boubyan Bank has hired international and regional banks to arrange the issuance of five-year U.S. dollar-denominated sukuk, a document…