Noor Bank Reports Record Increase in 2015 Net Operating Profit
2015 Financial Performance Highlights: -Operating income of AED1,397 million, a robust growth of 38% in comparison to 2014; -Net…
Retail Banking
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National Bank of Kuwait gets regulatory nod for capital raise
National Bank of Kuwait said on Sunday it had received approval from the country's Capital Markets Authority for its proposed…
Dubai's Mashreq Q1 net profit falls 18.3 pct
Mashreq , one of the leading financial institutions in the UAE has reported its financial results for the first quarter…
Gulf Bank Wins Award for 'Credit Card Product of the Year in the Middle East'
Gulf Bank has announced that it has been awarded the 'Credit Card Product of the Year in the Middle East'…
Doha Bank launches biometric app
Doha Bank has launched an enhanced version of its banking app offers that users the option of using their fingerprints…
Reliance on credit cards in UAE is good for banks but bad for economy
Perusing this week the latest central bank credit sentiment report, a survey that gives an indication where demand for debt…
ADIB Q1 net profit increases by 6.9 per cent for Q1 2016
Abu Dhabi Islamic Bank (ADIB), a leading financial services company, has reported a net profit of AED 482.0 million for…
Iranians May Soon Be Able to Make International Online Transactions
A global payment service provider based in the U.S. has announced that it has made its platform available to Iranians,…
Rakbank Group Announces AED 250 million in Net Profit for the First Quarter of 2016
RAKBANK Group today announced a net profit of AED 250.0 million for the first three months ended 31 March 2016.…
Al Baraka Bank begins due diligence of Burj Bank
Al Baraka Bank has begun conducting due diligence of Burj Bank, which may lead to the amalgamation of two of…
al khaliji Bank Reports 8% Increase in Net Profit for the First Quarter of 2016
Net profit of QAR 156.2 million increased 8% year on year Total assets reached QAR 59.4 billion; 12% growth on…
Kuwait Finance House Q1 net profit rises 14 pct on lower costs, provision
Kuwait Finance House reported a 14 percent rise in first-quarter net profit according to a statement on Wednesday, as the…