Saudi Arabia Tells Foreign Banks to Publicly Disclose Finances
Saudi Arabia is telling international banks to publicly disclose financial statements for the first time as the kingdom’s regulator seeks…
Retail Banking
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GCC banks' revenue growth rate plunges back to single digit
Lower oil prices are beginning to impact the banking industry in the Gulf Cooperation Council region, with revenues and profits…
ADIB upbeat on state of UAE economy
The UAE’s banking sector is expected to face increased challenges from economic headwinds resulting from low oil prices, but the…
Kuwait's Burgan Bank Q4 net profit rises 31 pct
Burgan Bank, Kuwait's third-largest lender by assets, reported a 31 percent rise in fourth-quarter net profit on Sunday. A…
Al Khaliji denies rumours of merger with IBQ and Al Ahli Bank
Al Khalij Commercial Bank denies speculation of a three-way merger with International Bank of Qatar and Al Ahli Bank in…
Commercial Bank launches Enterprise Mobile Banking App for SMEs
Commercial Bank has announced its industry-first innovation allowing small and medium-sized enterprise customers to manage their most frequent banking transactions,…
Al-Dawli wins Commerzbank’s Award for 2015
Once again, Kuwait International Bank affirms its leading position in the Islamic banking industry by winning the Commerzbank’s Quality Award…
Corrected-Egypt's EFG Hermes board approves Credit Libanais stake sale at $33/share
Egypt's EFG Hermes said in a statement on Thursday its board of directors had approved the sale of a 40…
Emirates NBD Group announces strategic initiatives for women in the UAE
Emirates NBD Group, a leading financial services institution in the region, reinforced its commitment to women's empowerment with its programmes…
NBAD wins prestigious awards from EMEA Finance
National Bank of Abu Dhabi has won fourteen awards including three prestigious House Awards at the 2015 EMEA Finance Achievement…
Path Solutions wins Summit core banking deal
Summit Bank, a major Pakistan-listed bank today announced that it has signed a landmark deal with Path Solutions, the global…
Mashreq sees robust opportunities in retail, SME and wealth management
The difficult global and regional economic conditions and changes in the local business environment has thrown up some challenges for…