Sharjah Islamic Bank mandates banks for capital boosting sukuk
United Arab Emirates’ Sharjah Islamic Bank has hired banks to arrange investor meetings ahead of an issuance of U.S. dollar-denominated…
Retail Banking
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National Bank of Pakistan turns to Autosoft for Bahrain operation
Long-standing Pakistan-based financial systems supplier, Autosoft Dynamics, has gained a deal for the Bahrain operation of existing user, National Bank…
Man demands compensation from UAE bank
An Emirati businessman is demanding Dh60 million from a local bank for causing him financial losses when it refused to…
Leading Israeli Bank in the US Strengthens Ties and Opportunities at Home
Executives at Israel Discount Bank – the largest Israeli-owned bank in the United States – are now reconnecting to the…
Al Baraka Banking Group & Eazy financial Services inks MoU
Al Baraka Banking Group have signed a Memorandum of Understanding paving the way to conduct a feasibility study for deploying…
RBS expects capital boost from Saudi bank merger
Royal Bank of Scotland Group PLC said Monday that the completed merger of Alawwal Bank (1040.SA) and Saudi British Bank…
Sabb completes merger with Alawwal Bank creating third-largest Saudi lender
Saudi Arabia’s Alawwal Bank formally merged on Sunday with Saudi British Bank (Sabb) to create the third-biggest lender by assets…
Bank of Sharjah reports 51% drop in profits for 2018
Bank of Sharjah revised on Sunday its earnings figures for 2018, reporting a 51 per cent year-on-year drop in its…
Second merger wave may hit UAE lenders as industry shrinks
Banks in the UAE may go through a second wave of consolidation as lenders seek to improve profitability and tackle…
NBK launches the World's First Full Metal NFC-enabled Visa Credit Card
* Al-Fulaij: NBK is the first bank to offer the full metal NFC Visa Ultra – High Net Worth Credit…
UAE's Sharjah Islamic Bank readies capital-boosting dollar sukuk
United Arab Emirates' Sharjah Islamic Bank is expected to issue U.S. dollar-denominated sukuk, or Islamic bonds, by the end of…
Second Merger Wave May Hit U.A.E. Lenders as Industry Shrinks
Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability…