Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad
Bahrain’s United Gulf Holding as secured Central Bank of Iraq’s approval to acquire a stake in Bank of Baghdad. …
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UPDATE 1-Saudi lender NCB reports 18.8% rise in 2019 net profit
Saudi Arabia’s National Commercial Bank, saw a 13.2% rise in fourth-quarter net profit, according to Reuters calculations, helped by increased…
FAB partners with Alipay to help UAE merchants unlock more business opportunities
First Abu Dhabi Bank has partnered with Alipay to better connect UAE merchants with growing number of Chinese residents and…
NBK won 'Best Customer Service Bank', 'Best Social Responsibility Program' Excellence Awards
#National Bank of Kuwait (NBK) was awarded with the Excellence in the Corporate Social Responsibility Programs and also received the…
UAE’s biggest bank records Dh12.5b profit
First Abu Dhabi Bank (FAB) reported on Tuesday an increase in its net profit for 2019 by nearly 4 per…
KFH 2019 net profit up 10.4pc to $824m
Kuwait Finance House (KFH), a leading financial institution in the region, has recorded a net profit of KD251 million ($824…
AFS named official POS acquirer for The Bahrain International Circuit
Arab Financial Services had signed an agreement with Bahrain International Circuit to become an official POS (point-of-sale) acquirer in advance…
Kuwait’s central bank should relax rate caps – IMF
The International Monetary Fund says the Central Bank of Kuwait should relax lending rate gaps once new credit laws have…
CBK, ABK and KfW IPEX-Bank lead arrange $650m project finance
A consortium of six banks led by Commercial Bank of Kuwait, Al-Ahli Bank of Kuwait, and KfW IPEX-Bank as Initial…
Boubyan Bank announces a successful offer for BLME Holdings plc
The offer will remain open for further acceptances until 1.00 p.m. (London time) on 19 February 2020 Boubyan Bank…
NBK "First Bank locally, in Kuwait launches Fitbit Pay"
National Bank of Kuwait has announced that Fitbit Pay is now available to its customers, which will enable them to…
Buna Payment Platform To Include Saudi Riyal
The Arab Monetary Fund had announced the inclusion of the Saudi Riyal along with the US Dollar and Euro among…