UAE’s credit growth picks up momentum in May
The UAE’s credit growth showed signs of gradual pick up with the gross credit growth accelerating to 0.3 per cent…
Retail Banking
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QIB Launches 2019 Summer Campaign for Visa cardholders
Qatar Islamic Bank – in collaboration with Visa– is celebrating the festive season by announcing the return of its annual…
QNB recognised as Middle East and Africa region's largest bank
QNB Group continued its outstanding achievements by “topping” the Middle East and Africa region, on the Banker magazine’s Top 1000…
First banking M&A wave in GCC subsides but UAE still ripe for consolidation, says S&P
The recent wave of mergers and acquisitions in the GCC banking sector is losing momentum, however, the UAE – the…
Trial starts for Franco-Israeli man accused in carbon credits scam
The trial of a French-Israeli dual national accused of involvement in a huge tax fraud involving carbon credits known as…
Kuwait's Burgan Bank sells $500 mln in bonds to boost capital
Kuwait’s Burgan Bank is set to raise $500 million in capital-boosting bonds offering investors a 5.75% yield, a document by…
Emirates NBD Egypt PMI
Today sees the release of June data from the Emirates NBD Purchasing Managers’ Index™ (PMI™) for Egypt. The survey, sponsored…
Mashreq raises $52m in subscription for FMP
Mashreq Bank, a leading financial institution in the UAE, said that its 3.5-years Fixed Maturity Plan Series 2 managed by…
Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn
Investments by Emirati banks in the United Kingdom surged by nearly a quarter in the first three months of this…
Where will growth be fastest in the next decade?
Economies growing at 7 per cent or more each year will roughly double in size in a decade. In the…
Ithmaar Bank invites Bahrain FinTech and startups to explore open banking opportunities
Ithmaar Bank has announced that it is fully compliant to meet the Kingdom’s open banking standards. To achieve participation…
NBB plans regional expansion, aims to double debt advisory business to $10bn
National Bank of Bahrain plans to increase the number of branches in the two biggest Arab economies – Saudi Arabia…