Qatar National Bank raising $1.38 billion with private bond
Qatar National Bank, the Gulf’s largest bank, is raising $1.38 billion through a privately placed bond, a QNB spokesperson said…
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International Bank of Qatar Reports 11 Percent Growth in Net Profit for 2017
International Bank of Qatar yesterday announced its financials for 2017 and reported a net profit of QR555.1m, up 11 percent…
Gulf banks continue innovative funding run
QNB's two year floating rate note was sold at 135bp over Libor and, placed on Wednesday, was sole-arranged by Bank…
CBI 2017 net profit surges 40pc to $47.6m
Dubai-based Commercial Bank International has posted a net profit of Dh175 million ($47.6 million) for 2017 as compared to Dh125…
UAE's First Abu Dhabi gets securities licence in Saudi Arabia
First Abu Dhabi Bank, the largest bank in the UAE by assets, has been given the go-ahead by Saudi Arabia’s…
Bank Sohar wins coveted award from ROP
Bank Sohar was awarded first place within the private sector in the third edition of the Road Safety Awards organised…
75 UAE bank branches shut in digital drive
The number of bank branches in the UAE decreased during 2017 after the merger of NBAD and FGB as well…
Noor Bank opens new Bur Dubai branch
Noor Bank, a leading Shari’a compliant bank in the UAE, has announced the opening of a new 1,400 square feet…
The battle of Gulf banks for Turkish market
The Dubai’s largest bank is negotiating for the potential acquisition of the Turkish subsidiary of Sberbank PJSC, joining other financial…
BD30 million portfolio to spur SMEs growth
Tamkeen, the Labour Fund, and Khaleeji Commercial Bank today signed a partnership agreement to manage a financing portfolio worth BD…
Oman Arab Bank reveals Hasaad Savings Scheme for 2018
Oman Arab Bank encouraging the savings habit with customers, has announced the new ‘Hasaad’ Savings Scheme for 2018. The…
Dubai's Emirates NBD issues A$450 mln Kangaroo bond
Emirates NBD, Dubai’s largest bank, has priced a A$450 million ($362.03 million) 10-year bond, part of a A$1.5 billion so-called…