ABK Posts Operating Profit Of KD 22.1 MLN In Q1
Al Ahli Bank of Kuwait today announced an operating profit of KD 22.1 million for the first quarter of 2016,…
Retail Banking
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Doha Bank named Best Regional Commercial Bank for fourth year
Doha Bank has been named as the ‘Best Regional Commercial Bank’, for the fourth year in a row, at ‘The…
al khaliji earns three acclaimed titles from "Banker Middle East" for 2016
Al Khaliji Commercial Bank P.Q.S.C., Qatar's next generation bank, has earned three prestigious titles at the 'Banker Middle East…
National Bank of Egypt sells $169 mln worth of special certificates
National Bank of Egypt, the country's largest state bank, sold 1.5 billion Egyptian pounds ($169 million) worth of special certificates…
National Bank of Fujairah consistently voted best corporate and commercial bank in the UAE at the Banker Middle East Industry Awards
National Bank of Fujairah PJSC announced today that it has won the “Best Corporate Bank UAE” and “Best Commercial Bank…
Six More Banks Supposedly Hacked by Turkish Hackers
The Turkish hacker group Bozkurtlar, translated as the Grey Wolves, has supposedly leaked data on six more international banks during…
Egypt's CIB Reports 17 Pct Rise In Q1 Net Profit
Commercial International Bank, Egypt's largest-listed company, reported a 17-percent rise in first-quarter net profit helped by improved interest margins. …
Retail Banking Country Snapshot: UAE
UAE has a well-diversified and sound financial system that plays an important role in the economy. The retail banking sector…
UAE's UAB picks banks to arrange $150 mln syndicated loan
United Arab Bank , a United Arab Emirates lender, has mandated banks for a $150 million syndicated two-year loan, it…
EFG-Hermes loses EGP 63m during Q1 of 2016
EFG-Hermes lost a total of EGP 63.7m during the first quarter of 2016, versus profits of EGP 181.65 during the…
UAE banks to assess impact of new rules on impairments
Banks in the United Arab Emirates have been given until June 16 to assess the impact of new accounting standards,…
Affluent UAE consumer overwhelmingly embrace loyalty programmes
Affluent UAE consumer has overwhelmingly embraced loyalty programmes over the past two years and brands are meeting customer expectations to…