China’s ICBC boosts Saudi lending with $600mn Zain facility
China’s largest bank is boosting lending in Saudi Arabia, increasing its foothold in the biggest Arab economy as growth slows…
Retail Banking
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Al-Baraka Bank ready to purchase Burj Bank; final approval on Aug 22
The AL-Baraka Bank Limited has decided to purchase the Burj Bank Pakistan and has submitted a request to the State…
Kuwait Finance House buys 300 NCR ATMs
Kuwait Finance House, announced that it has selected NCR Corporation , the global leader in omni-channel solutions, to replace its…
GIB reports $41.7 million first half profit
Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $41.7 million for the six months ended 30th…
ADIB Egypt reports H1 profit up by a third
ADIB Egypt said standalone net revenue was up 42 per cent to EGP 927 million. Total assets were up…
Commercial Bank of Kuwait H1 profits down by almost one-third
Total operating revenue was down just 1.2 per cent in H1 at KWD 71.52 million while net operating profit was…
Banking measures aiming to serve Bahrainis with special needs
Bahrain’s retail banks have been instructed to equip one of their branches to serve people with special needs, alongside other…
NBAD group chief executive steps down
Alex Thursby has stepped down as the group chief executive officer (CEO) of the National Bank of Abu Dhabi (NBAD)…
Omani banking sector 'resilient', says Central Bank
Despite the challenges facing the economy, the banking sector remained resilient supporting economic diversification initiatives and credit needs, the Central…
Digital wallet: UAE bank allows customers to use mobile phones as credit, debit card
Given the number of banks who are eager to hand out credit or debit cards, more consumers are finding themselves…
Doha Bank wins ‘Qatar Domestic Trade Finance Bank of the Year’ award
Doha Bank has won the “Qatar Domestic Trade Finance Bank of the Year” award at the “Asian Banking & Finance…
Emirates NBD launches mobile contactless payments solution
Emirates NBD has unveiled Emirates NBD Pay, an NFC-based mobile contactless payment solution. The UAE-based bank says it is…