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…
Retail Banking
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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…
Arab Bank Group profit grows by 4 per cent in nine months
Arab Bank Group posted $668.9 million in net income after tax for the first nine months of 2019 compared to…
QIIB profit jumps 5.7% to QR777mn in Q3
QIIB has posted a third-quarter net profit of QR777mn, up 5.7% on the same period last year. The results…