Emirates NBD expands KSA branch network
Emirates NBD has expanded its presence in the Kingdom of Saudi Arabia (KSA) with the opening of its first branch…
Retail Banking
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New round of merger to create Dh415 billion bank
The prospects of a new cycle of bank mergers - the fourth round of consolidation in the UAE's banking history…
National Bank of Oman hires banks for new dollar bond issue
National Bank of Oman has mandated banks to arrange a series of fixed income investor meetings ahead of a potential…
Burgan Bank can take advantage of new business opportunities with capital increase
The bank set the subscription period between 20 September and 10 October and plans to issue 240,581,530 new shares at…
Abu Dhabi banks report over $4.5bn income in H1
The net income of commercial and Islamic banks operating in Abu Dhabi amounted to Dh16.6 billion ($4.51 billion) during H1…
Banking sector credit in Oman grows by 6% till June 2018
The several regulatory amendments issued recently by the Central Bank of Oman (CBO) enabled more space for banks to extend…
Dubai’s Abraaj receives $1 bid for fund unit
Dubai’s Abraaj Group has received a bid as low as $1 for its fund unit from private equity firm Actis,…
Citi wins tender to buy Israeli government's Bank Leumi stake
Citi won a tender to buy the Israeli government's remaining 5.37 percent stake in Leumi, the country's second largest bank,…
Arab Jordan Investment Bank wraps blockchain PoC
ICS Financial Systems (ICSFS) has been working with Arab Jordan Investment Bank (AJIB) on a blockchain proof of concept (PoC).…
Oman Arab Bank Appoints Musafir as CEO
The board of directors of Oman Arab Bank (OAB) announced the appointment of Rashad Ali al Musafir in the position…
ADCB confirms merger talks with UNB, Al Hilal Bank
Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) both confirmed on Tuesday that they are in early talks…
Oman Arab Bank appoints CEO
The Board of Directors of Oman Arab Bank (OAB) announced yesterday the appointment of Rashad Ali Al Musafir in the…