Bank Sohar, Bank Dhofar merger update, due diligence commenced
The statements said that, “Further to the update provided on 29 October 2015… The consultants appointed for legal and financial…
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KHCB reports 109.8% increase in net profits over 2014
Khaleeji Commercial Bank announced its financial results for the year ended 31 December 2015 recording net profit of BD 8…
Barclays cuts 150 jobs in Mideast as it restructures corporate bank
Barclays is cutting nearly 150 people from its corporate banking unit in Dubai as part of a restructuring of…
JS Bank opens new branch in Bahrain Bahrain
Pakistan-based JS Bank has officially opened its first branch office outside of its home country, in the Kingdom of Bahrain,…
FGB Group Full Year 2015 Net Profit exceeds AED 6.0 Billion
FGB , one of the leading banks in the UAE, achieved a record Group net profit of…
UAE's First Gulf Bank Q4 net profit rises 11 pct, beats forecasts
First Gulf Bank, the third-largest lender by assets in the United Arab Emirates, beat estimates on Sunday as it posted…
NBK the most valuable banking brand in Kuwait: Brand Finance
National Bank of Kuwait (NBK) was recognized as the most valuable banking brand in Kuwait in 2016 according to Brand…
Doha Bank bags four awards
Doha Bank has once again bagged top honors at The Banker Middle East Industry Awards, taking home awards in four…
U.S. lawsuit payments hit Jordan's Arab Bank 2015 profits
Jordan's largest lender, Arab Bank Group , said on Saturday its 2015 net profits fell to $442 million, from $577…
Abu Dhabi Commercial Bank Q4 net profit rises 16 pct
Abu Dhabi Commercial Bank on Sunday posted a 16 percent rise in fourth-quarter net profit. The emirate's third largest…
Gulf Bank Posts a 10% increase in Net Profit to KD 39 Million in 2015
Gulf Bank today announced an operating profit before provisions of KD 108 million for the year ended, 31 December 2015,…
United Arab Bank winds down SME unit after surge of UAE debtors
United Arab Bank, hard hit by a surge in debt defaults among small business owners in the UAE, is winding…