Al Fulaij: National Bank of Kuwait looks to diversification
Kuwait is in an excellent position to grow with low break even oil price and high income CBK was proactive…
Retail Banking
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Burgan Bank Appoints Raed Al-Haqhaq as Deputy Group Chief Executive Officer
Burgan Bank had announced the appointment of Mr. Raed Al-Haqhaq as Deputy Group Chief Executive Officer, and Chief Executive Officer-Kuwait,…
Bank ABC Launches “Ila” Its Digital, Mobile-Only Bank in Bahrain
Bank ABC launches ila Bank, foraying into the digital, mobile-only banking space, beginning with Bahrain with a roadmap to take…
NBK awarded ‘Best Foreign Exchange Provider’ in Kuwait and the Middle East for 2020
National Bank of Kuwait (NBK) was recognized as the Best Foreign Exchange Provider in Kuwait and the Middle East for…
QNB receives ‘Achievement in Market Risk Management in the Middle East and Africa’ award from The Asian Banker
QNB has received the “Achievement in Market Risk Management in the Middle East and Africa” award from The Asian Banker…
Doha Bank wins the ‘Golden Peacock Global Award for Excellence in Corporate Governance’
Doha Bank has won the ‘Golden Peacock Global Award for Excellence in Corporate Governance’ presented by the Institute of Directors…
Commercial Bank launches campaign for Diners Club credit card holders
Commercial Bank is launching an “exclusive campaign” for its “valued customers” holding the elite Diners Club Credit Card, to make…
National Bank of Kuwait Sells $750 Million in Perpetual Bonds
The National Bank of Kuwait sold US$ 750 million of perpetual bonds offering a 4.5% yield. The global coordinators…
Emirates NBD rights issue draws $4.9bn
Emirates NBD Bank has announced that its rights issue was oversubscribed approximately 2.8 times as a result of strong demand…
Dubai and FAB partner up on new financing scheme to boost SME sector
Dubai SME's Mohammed Bin Rashid Fund and First Abu Dhabi Bank formed a partnership to roll out a new receivable…
Emirates NBD raises $1.76 bln in an oversubscribed rights issue
Emirates NBD Bank ENBD.DU raised 6.45 billion dirhams ($1.76 billion) by issuing new shares after the capital call was oversubscribed…
Loans: Business and retail credit demand in UAE to pick up
Banks and financial institutions in the UAE expect a further pick in credit demand and loan off-take in the fourth…