Net Income of Al Baraka Banking Group reaches US$ 95 million in the first half of 2019
Al Baraka Banking Group BSC, achieved a net income of US$ 95 million and total operating income US$ 442 million…
Retail Banking
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Ithmaar Bank Upgrading, Relocating Muharraq Branch
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced yesterday that it is upgrading and relocating its Muharraq branch to a…
Saudi British Bank posts Q2 loss as merger-related costs increase
Saudi British Bank reported a net loss of 254 million Saudi riyals (Dh248.7m) in the second quarter of the year,…
Domestic banks’ cross-border assets concentrate in Europe
Qatar banking sector’s assets outside the country grew after a considerable decline in 2017, in the aftermath of the blockade.…
ADCB joins Global Ecosystem of Financial institutions
Abu Dhabi Commercial Bank has partnered with Plug and Play to boost the lender’s digital transformation programs. In a…
NBK-Bahrain reports net profits of KD 48.283 million for H1 2019
National Bank of Kuwait-Bahrain reported net profits of BHD 60 million (equivalent to KD 48.283 million) for the first half…
$2.3bn worth of Afreximbank investments in Egypt, says official
The African Export-Import Bank is investing some 2.3 billion dollars in Egypt, said Global Head of Advisory & Capital Markets…
CBI reports $11.16mln net profit in H1 2019
Commercial Bank International, CBI, today announced its financial results for the first half of 2019. The bank's net profit reached…
RAKBANK partners with City Properties Real Estate to offer property management and monitoring services to business banking customers
The National Bank of Ras Al Khaimah had entered into a Memorandum of Understanding with City Properties Real Estate. …
NBB appoints first Bahraini Chief Risk Officer
National Bank of Bahrain has announced the appointment of Mr. Isa Maseeh to the role of Chief Risk Officer, where…
Loans get cheaper in UAE
The Central Bank of the UAE on Wednesday said that it was cutting interest rates applied on the issuance of…
QDB total assets rise to QR11bn in 2018 on credit growth: Qatar Central Bank
Driven by a growth in credit facilities, State-owned Qatar Development Bank’s total assets exceeded QR11bn last year compared to QR10.2bn…