ADIB creates new innovation centre "ADIB Simple Lab"
Abu Dhabi Islamic Bank known as the “ADIB Simple Lab”, to create and invest in new technology in line with…
Retail Banking
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Zahran: KFH is on track in promoting synergy among the group's banks
Shadi Zahran, Acting Group Chief Executive Officer(GCEO) & Group Chief Financial Officer (GCFO)at Kuwait Finance House(KFH) said that KFH Group…
National Bank of Fujairah plans to set up SME banking platform
National Bank of Fujairah (NBF) plans to set up a banking platform for SMEs to provide access to comprehensive financial…
ICD to subscribe Emirates NBD rights issue
Emirates NBD announced on Thursday that the Investment Corporation of Dubai has committed to subscribe for its pro rata proportion…
Xpress Money Expands Operations in China With Geoswift
Xpress Money has partnered with Geoswift. This collaboration will enable customers across the globe to send money to 14…
Ithmaar Bank launches WhatsApp chat service
Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched its customer-centric chat service on WhatsApp Business social media platform aimed…
Emirates NBD Hires Group CFO from Standard Chartered
Emirates NBD hired Patrick Sullivan as its new chief financial officer, marking yet another translation of a Standard Chartered exit…
S&P maintains Gulf Bank of Kuwait's ‘A-’; outlook stable
Standard & Poor’s Financial Services maintained its credit rating of Gulf Bank of Kuwait at ‘A-,’ with a ‘Stable’ outlook,…
Emirates NBD Announces Third Quarter 2019 Results
Emirates NBD has delivered a strong set of results with net profit up 63% y-o-y to AED 12.5 billion. The…
Kuwait – Banks have no right to increase interest rate on a loan
The Court of Appeals ruled that a local bank had no right to increase the interest rate on a loan,…
Bahrain FDI increases 1% to $262.6m in Q2 2019
Bahrain’s Information and eGovernment Authority, in collaboration with the Central Bank of Bahrain and the kingdom’s Economic Development Board, has…
Qatar royal family seeks Deutsche Bank chairman departure after huge investment losses
Qatari investors in Deutsche Bank are pressuring the German lender to force its chairman to quit after regulators blocked a…