Retail Banking

Regulation, Risk & Compliance

UAE Banks Federation Chairman hosts US Treasury Secretary, US Ambassador to the UAE in Abu Dhabi

November 5, 2017

Abdul Aziz Al Ghurair, Chairman of the UAE Banks Federation, UBF, a professional representative body comprising 48 member banks operating…

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Financial Results

Slump in lending poses profit challenge for Saudi banks

November 2, 2017

Saudi Arabia’s largest banks reported a drop in loans in the third quarter as credit growth stalled due to a…

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FinTech

Oman to harness power of blockchain technology for economic development

November 1, 2017

A high-profile grouping of Omani ministries and government institutions have teamed up to organise the Sultanate’s first symposium on Blockchain…

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FinTech

Bank Sohar Mobile App Continues To Be Popular

November 1, 2017

Bank Sohar’s one-minute mobile banking app redefines wireless banking, bringing added convenience and speedy service to customers anytime, anywhere.  …

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Financial Results

Mideast Stocks-Saudi soft again, Emaar and DSI hold back Dubai

October 31, 2017

Saudi Arabia's stock market fell on Tuesday despite a big rebound by petrochemical company PetroRabigh, while Dubai Investments helped offset…

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Financial Results

Emirates NBD reports nine-month net profit of Dh6.17 billion, up 15 per cent

October 30, 2017

Emirates NBD, delivered a strong set of results with net profit up 15 per cent to Dh6.17 billion for the…

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Financial Results

KIB achieves KD 13.5m net profit for 9 months of 2017

October 30, 2017

Kuwait International Bank has reported a net profit for the period ended 30 September 2017, amounting to KD 13.5 million,…

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Retail Banking

NBK Signs Cooperation Agreement with KFIC

October 30, 2017

Al Fulaij: First of its kind banking solutions in Kuwait and the Gulf   Al Bahar: Card is the smart…

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Comment & Analysis

HSBC CEO says bank interested in financing Saudi NEOM project

October 30, 2017

HSBC’s CEO Stuart Gulliver confirmed the bank's interest in significantly financing the massive NEOM project, highlighting the economic benefits of…

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Hedge Funds & Alternative Investments

Bahrain-based Bank ABC closes aircraft financing for DAE Capital

October 30, 2017

Bahrain-based Bank ABC, acting as sole mandated lead arranger, has closed the financing of an Airbus A320-200 aircraft for DAE…

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Financial Results

Bank Sohar Reports Profit Growth Of 46.60 Per Cent

October 29, 2017

Bank Sohar’s net profit grew by 46.60 per cent to OMR18.976 million for the nine months ended September 30, 2017…

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New Investment Products & Services

Al Ahli Bank of Kuwait-Egypt, EFG Hermes Financial Leasing Sign Cooperation Protocol To Support SMEs

October 29, 2017

Al Ahli Bank of Kuwait-Egypt signed a cooperation protocol with EFG Hermes Financial Leasing to support small and medium enterprises,…

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