Emirates NBD Egypt PMI
Today sees the release of October data from the Emirates NBD Purchasing Managers’ Index for Egypt. The survey, sponsored…
Retail Banking
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Alkhabeer Capital to list SR1bn REIT fund
Alkhabeer Capital, an asset manager specialized in alternative investments, announced that it has received the approval of the Capital Markets…
HSBC sees doubling of commercial bank’s MENA profit by 2023
China’s Belt and Road Initiative and plans by Gulf economies to diversify from oil will help HSBC to more than…
United Arab Bank announces financial results for Q3 2018
Q3 2018 Highlights AED105m Net Profit, up 111% Q3 2017. Operating Expenses decreased 4% Q3 2017. Provision for Credit…
Abu Dhabi said to be in talks to create two banks in three-way merger
Abu Dhabi’s merger of three state-linked banks is set to create two new lenders, according to people with knowledge of…
Citigroup receives Abu Dhabi Global Market branch licence
Citigroup received a licence to establish a branch at Abu Dhabi Global Market, the emirate's fast-growing financial hub, as the…
UAE to amend retail-banking rules
The UAE Central Bank has decided to amend retail-banking rules related to personal loan and other services provided to individuals.…
RAKBANK to tie-up with three new fintech firms
UAE based RAKBANK says it is in the process of tying up with three new fintech firms, in an attempt…
Citi establishes new branch office in ADGM
Citi announced on Tuesday that it has been granted a license by Abu Dhabi Global Market to set up a…
UAE central bank issues new rules for retail loan bank transfers
The UAE central bank has issued new rules with regards to the transfer of retail loans from one bank to…
Bank Hapoalim Partners With Local Startup to Give Biometric Access to Bank Accounts
Bank Hapoalim, one of Israel’s largest banks, has partnered with Tel Aviv-based startup AnyVision Interactive Technologies Ltd. to give customers…
Denizbank’s prospective owner ENBD’s profit rises 16 pct
Emirates NBD, Dubai’s largest bank, on Oct. 30 reported a 16 percent rise in third-quarter net profit, benefiting from a…