Credit demand at Saudi banks to remain subdued: BMI
Despite continued improvements in liquidity conditions in Saudi Arabia's commercial banking sector, credit demand will remain subdued throughout the rest…
Retail Banking
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Turkey’s Akbank secures $1.2 billion loan for 2017
Turkey’s Akbank announced on Aug. 15 that it had secured another $1.15 billion equivalent multi-currency syndicated loan for 2017. …
United Gulf Bank posts H1 results
UGB’s net profit attributable to shareholders of the parent increased by 18 per cent to $1.4 million for the second…
Union National Bank opens Shanghai branch
Union National Bank, 50 per cent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai,…
Ahli United Bank appoints Tareq Muhmood as Senior Deputy CEO
Ahli United Bank has announced the appointment of Tareq Muhmood in the position of Senior Deputy CEO – Banking Group.…
Emirates NBD takes financial fitness to a new level
Emirates NBD Fitness account enables customers to earn interest of up to 2% p.a. on their savings based on the…
UAE’s Invoice Bazaar partners with first bank
The National Bank of Ras Al-Khaimah has become the first bank to partner with Dubai-based supply chain finance platform start-up…
OAB launches unified digital banking platform
Oman Arab Bank launched its new unified digital banking platform with an all-new simplified interface on Tuesday. It can…
RAKBank to stop clearing cash cheques from next month
RAKBank on Monday said it will stop clearing cash cheques starting September 1 as part of efforts to protect customers…
Abu Dhabi’s Union National Bank updating bond programme – sources
Abu Dhabi’s Union National Bank is updating its bond programme and could issue a U.S. dollar-denominated bond after that, banking…
Qatar Banks Shunned by Peers Will Need to Pay More for Cash
Banks in the world’s wealthiest nation will need to offer more yield if they tap the market as almost half…
Al Masraf to swap ITS's Ethix for Temenos' T24 core banking system
Temenos has confirmed that Arab Bank for Investment & Foreign Trade (Al Masraf) has selected its UniversalSuite, a front-to-back solution…