Dubai Islamic Bank Full Year 2019 Group Financial Results
Net Income grew to AED 9,267 million, up 13% YoY Net Profit at AED 5.1 billion, up by 2% YoY…
Retail Banking
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ila Bank Bahrain appoints Chief Executive Officer
ila Bank Bahrain has appointed Mohamed Al Maraj as its CEO. Launched in November 2019 as a wholly owned retail…
Gulf International Bank officially inaugurates its Operations Centre in Al Khobar
Gulf International Bank has announced the inauguration of its new operations centre in Al Khobar, which was inaugurated by His…
MOU signed between Commercial Bank of Kuwait and Zain Group
The Memorandum of Understanding was signed at the headquarters of the Commercial Bank of Kuwait, in the main city of…
Istanbul Airport operator reportedly in talks with Chinese banks to refinance 5.7B euros in loans
Turkey's Istanbul Airport operator IGA is in talks with Chinese banks led by Industrial and Commercial Bank of China to…
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
The worst is yet to come for Lebanon’s banks. The old-style way of running the economy – attracting capital…
Kuwait's Boubyan Bank to sell $750 mln 5-yr sukuk
Kuwait’s Boubyan Bank plans to sell $750 million in five-year sukuk, or Islamic bonds, at 120 basis points (bps) over…
Team EFG Bank wins Sailing Arabia – The Tour in Oman
Team EFG Bank, made up of Olympian Sofian Bouvet, fellow Frenchman Gaulthier Germain, and rising Omani star Ali al Balushi,…
CBI maintained a steady AED 111 million net profit in 2019
Commercial Bank International has announced its Q4 2019 and full year 2019 financial results. Q4 2019 and FY 2019…
UAE's CBI reports Dh111 million net profit in 2019
Commercial Bank International (CBI) on Monday reported a net profit of Dh111 million for 2019 compared to Dh223 million reported…
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…
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…