Jordan Islamic Bank posts profits after tax of US$ 16.5m
Jordan Islamic Bank, a subsidiary of Al Baraka Banking Group, posted a profit after tax of about US$ 16.5 million…
Retail Banking
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Saudi Hollandi Bank wins 2 awards
Saudi Hollandi Bank received the awards for Best Retail Bank in the Kingdom of Saudi Arabia and Best Customer Relationship…
Barclays Compass: developed markets continue to lead growth opporunities in Q2 2016
Barclays has announced the findings of its latest "Compass" report, which includes the Bank's tactical recommendations to portfolio asset allocations. …
Bank of Sharjah net profits down 5%
Bank of Sharjah on Saturday announced that net profits had fallen 5 per cent for the first quarter of 2016…
Banks Could Be Forced To Change Their Mortgage Stance
Dubai’s developers are not waiting around for local mortgage providers to make up their minds to offer their funds. …
Arab Bank Group Reports USD 218.3 Million in Net Profits for the First Quarter of 2016
Arab Bank Group continued its strong financial performance during the first quarter of 2016, reporting net profit after taxes and…
Revealed: Top GCC banks on social media
A newly released industry report has urged the GCC banking sector to implement a shift towards becoming more interactive and…
Qatar National Bank says systems 'secure' after hack attack
Qatar National Bank said on Sunday, May 1, that its systems were "fully secure" following a cyber attack which potentially…
UAE bankers take stock of uncertainties
The global economy is facing uncertain times. The economic challenges range from a crash in oil prices albeit a…
Kib’s Arzaq deposit hits record annualized rate of 2.15% in Q1
Kuwait International Bank announced that Arzaq Investment Deposit has achieved record annualized returns during the 1st quarter of 2016 with…
UAE's Union National Bank Q1 net profit drops 27 pct
Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, posted a 27 percent drop in first quarter…
CBI Reports AED 36.5 Million net Profit Q1 in 2016
In Q1 2016 CBI reported a net profit of AED 36.5 million supported by growth in Wholesale Bank lending and…