Easing liquidity conditions to reduce funding costs of Saudi banks
The consistent decline in Saudi Interbank offered rate is expected to bring down the overall funding costs of Saudi banks…
Retail Banking
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Commercial Bank of Dubai reports Q4 loss on bad debts and expenses
Commercial Bank of Dubai reported a decline in profit as higher provisions for bad debt and an increase in operating…
Bank ABC posts $183m net profit for 2016
Bank ABC (Arab Banking Corporation) has reported a consolidated Group net profit of $183 million for the year 2016, 2…
QNB planning to open branches in Saudi and India in overseas push
Qatar’s largest public sector bank, is planning to open branches in Saudi Arabia and India this year as part of…
Emirates NBD launches Liv. digital banking proposition
Abdulla Qassem, Group Chief Operating Officer, Emirates NBD, said, “We are proud to unveil Liv., the first digital banking proposition…
Banque du Caire officially requests listing on Cairo bourse, eyes IPO in H1
Egypt’s third biggest bank, state-owned Banque du Caire has officially requested to have its shares be listed on the local…
Yapı Kredi enlists EyeVerify for eye biometrics-based mobile logins
Yapı Kredi is the first bank in Europe to use Eyeprint ID for mobile login, and the first bank across…
First Gulf posts record profit of $1.64bn for 2016
First Gulf Bank registered a record profit of Dh6.03 billion ($1.64 billion) for the full year 2016, compared to Dh6.01…
Tijari declares net profit of KD 50.4m for 2016
Commercial Bank of Kuwait announced a net profit of KD 50.4 million a growth of 9.1 percent compared to last…
ADCB unveils digital age lender uBank
ADCB has become the latest UAE bank to raise its digital game with the launch of its first uBank digital…
Egyptian banks attract $9bn investments
Egypt’s central bank says commercial lenders attracted $9 billion in inflows since the pound was floated three months ago. …
QDB workshop for SMEs on organising trade fairs
To bolster the ability of small and medium-sized enterprises to market their products in both existing and newly-emerging markets, Qatar…