Foreign assets at Central Bank of Oman grow 12.4%
The gross foreign assets of the Central Bank of Oman and private sector deposits at commercial banks grew by 12.4…
Retail Banking
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Bahrain’s Bank ABC closes AlbarakaTurk deal with another two inpipeline
The loan to Albaraka Türk, signed last Thursday, was oversubscribed with 12 banks joining from the across the EMEA region,…
NBAD, First Gulf profit surges 12.4pc in Q1
The National Bank of Abu Dhabi and First Gulf Bank reported Dh2.93 billion $797 million in net profits for the…
Doha bank achieves 2.9 per cent profit growth with impressive ratios
HE Sheikh Fahad said “This is another outstanding result and is clear demonstration that Doha Bank continues to perform consistently.”…
CMBFinancialLeasing outfor $350mborrowing
Mandated lead arrangers and bookrunners Bank of Communications, Industrial and Commercial Bank of China and National Bank of Abu Dhabi…
Merger wave could cut Qatar lenders to four: Seetharaman
Qatar will likely see more consolidation in its banking sector this year as there isn’t room for 18 lenders, according…
UAE banks go conservative in lending, impacts profitability
Profitability of UAE banks continues to be under pressure, largely driven by conservative lending, although liquidity and risk metrics have…
Dubai bank Emirates NBD Q1 net profit rises 4 pct
Emirates NBD, Dubai's largest lender, posted a four percent rise in first-quarter net profit on Wednesday. The bank made…
Istanbul Bourse head says in talks with Saudi IDB to sell stake
The Saudi-based Islamic Development Bank is in talks with Turkey's Istanbul Bourse to buy a stake, the bourse chairman said…
Gulf International Bank Selects Coupa
Coupa Software, a leader in cloud-based spend management,has announced that Gulf International Bank has selected Coupa's Purchase to Pay and…
Bank relocating its Gulf operations to Bahrain
Kuwait-Turkish participation Bank Inc., Kuwait Finance House’s leading subsidiary in Turkey, has announced the relocation of its Gulf operations and…
Qatar's CBQ Q1 net profit down 66.7%
Commercial Bank of Qatar (CBQ), the Gulf Arab state's third-largest lender by assets, reported a 66.7 percent drop in first-quarter…