Egypt postpones $6.6bn repayment to Saudi Arabia
The Central Bank of Egypt yesterday announced the postponement of the repayment of three Saudi deposits worth $6.6 billion for…
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Two Gulf Banks Close to Deciding on Mega Merger
Kuwait Finance House and Bahrain’s Ahli United Bank BSC’s boards will meet this week to consider valuation reports on a…
Saudi Arabia's Alawwal Bank, SABB merger "on track" for H1 completion
Saudi Arabia’s Alawwal Bank and the Saudi British Bank are on track for a merger to take place in the…
Kuwait, Bahrain lenders plan talks on $92bn merger
Kuwait Finance House and Bahrain’s Ahli United Bank’s boards will meet this week to consider valuation reports on a potential…
Saudi’s largest lender NCB posts 3.5% rise in Q4 profit
Saudi Arabia’s National Commercial Bank (NCB), the country’s largest lender, saw a 3.5 per cent rise in fourth-quarter net profit,…
Qatar banks' non-resident deposits jump 21.75%
Non-resident deposits within Qatar’s banking system witnessed a robust 21.75% year-on-year expansion to QR164.26bn in November 2018, indicating the strong…
Dubai's Mashreq says 2018 net profit stable at $570m
Mashreq, one of Dubai's largest banks, on Monday said net profits stood at AED2.1 billion ($570 million) for 2018, a…
The 9 best high-interest savings accounts for 2019
UAE consumers might assume that recent US interest rate increases would automatically reflect in the rates applied to their debts…
Al Salam Bank-Bahrain receives two top awards
Al Salam Bank-Bahrain has emerged as the winner of two prestigious awards: “Best Islamic Retail Bank – Bahrain” and “Most…
Emirates NBD encourages UAE citizens and residents to give in to giving
Emirates NBD is calling on citizens and residents to ‘give in to giving’ by sharing videos of themselves giving to…
Qatar's Al Khaliji 2018 net profit up 10.5% to $167mln
Qatar-based Al Khalij Commercial Bank has posted a net profit of QR608 million ($167 million) for the year ended 31…
Doha Bank receives ‘Best Trade Finance Bank in Qatar 2019’ award in London
Doha Bank received the “Best Trade Finance Bank in Qatar 2019” award at the Global Finance Magazine Award ceremony in…