HSBC cuts UAE retail, commercial bank jobs – source
HSBC has cut jobs in its retail and commercial banking units in the United Arab Emirates as the bank prepares…
Retail Banking
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UAE Banks Federation Board sets agenda for 2016
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
Gulf banks rush to loan market on liquidity squeeze – sources
A number of Gulf banks are in the process of raising loan financing for themselves to help counteract a liquidity…
Saudi banks’ profitability and capital buffers to remain resilient
Moody’s Investors Service has maintained its stable outlook on the Saudi Arabian banking system, reflecting the rating agency’s expectation that…
First Gulf Bank cuts close to 100 jobs: report
First Gulf Bank, the third-largest lender by assets in the United Arab Emirates, has cut close to 100 jobs, three…
Doha Bank plans to double India exposure, to open new branches
Qatar-based Doha Bank today said it plans to open more branches in India and double exposure to USD 5 billion…
StanChart Oman to discontinue retail banking products, services
StanChart Oman to discontinue retail banking products, services Standard Chartered Bank has decided to close its retail banking business…
HSBC cuts 150 jobs in the UAE
HSBC Middle East has cut more than 150 jobs from its UAE banking operations as part of its global cost…
Commercial Bank announces key National executive appointment
Commercial Bank CEO Abdulla Saleh Al Raisi today announced Khalifa Nasser Al Rayes has assumed responsibility for the Bank's Government…
Banks need not lose face in the age of digitisation
In a world where convenience is increasingly important, many companies, banks included, have had to change their customer service strategies.…
Walk, run more to earn more: UAE bank tells customers
A bank in the UAE has launched a new savings account that calculates interest rates based on customers’ physical activity—the…
Noor Bank announces 9 month results
Noor Bank, one of the leading Shari’a-compliant banks in UAE, posted a net profit of AED451 million for the nine…