QIB Profit grows by 10.3 per cent to reach QAR 2,155 Million in 2016
This marks a 10.3 per cent increase in profits year-over-year. Basic earnings per share reached QAR 8.55 compared to…
Retail Banking
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Qatar National Bank raising $1 billion loan from Asian lenders
Qatar National Bank QNBK.QA, the largest bank in the Middle East and Africa by assets, is raising a $1 billion,…
Saudi's National Commercial Bank Q4 net profit up 7.5 pct
Saudi Arabia's National Commercial Bank, the kingdom's largest lender, reported a 7.5 percent rise in fourth-quarter net profit on Wednesday.…
SMEs should leverage on e-solutions
While participating Seetharaman in the panel discussion ‘E-Commerce as a tool for better SME integration into Global Value Chains’ on…
Oman's Bank Muscat Q4 profit up 1.3 pct, in line with estimates
Bank Muscat, Oman's largest lender, posted a 1.3 percent increase in fourth-quarter net profit on Sunday, according to Reuters calculations,…
Bank of China to establish deposit bank in Turkey
The Bank of China has received permission to operate a deposit bank in Turkey through the investment of $300 million,…
National Bank of Oman Q4 net profit slips 19.9%
National Bank of Oman, the sultanate’s third largest lender by assets, posted on Thursday a 19.9 per cent fall in…
Citi launches two new credit cards: Citi Rewards and Citi Premier in the UAE
These new products join the Citi Prestige card, which launched in 2015, and complete the Citi Rewards product line. …
GCC banks and petrochemicals likely to outperform in 2017
Banks and petrochemicals stocks could be relative strong performers in the GCC in 2017 thanks to benchmark interest rate rises…
Doha Bank CEO chosen for top overseas Indian award
Prominent Indian expatriate and CEO of Doha Bank Dr R Seetharaman has been selected for the Pravasi Bharatiya Samman 2016,…
UNB lead arranger for $2.3b finance facility
Union National Bank acted as a mandated lead arranger and onshore security agent for a $2.3 billion (Dh8.45 billion) project…
NBAD recognised as the ’Best Cash Management Bank in the UAE’
National Bank of Abu Dhabi was recognised by The Asian Banker as the ‘Best Cash Management Bank in the UAE’…