NCB raises SR1bn through sukuk
Saudi Arabia's National Commercial Bank became the latest lender in the Kingdom to announce the sale of a capital-boosting Islamic…
Retail Banking
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Sale and leaseback transactions gaining popularity in the Middle East
An increasing number of large companies in the GCC are turning to property sale and leaseback deals to free up…
National Bank of Egypt picks banks for potential benchmark bond
National Bank of Egypt, the oldest commercial lender in the country, has picked five banks to arrange fixed income meetings…
UAE bank NBF expects market-leading loan growth this year
National Bank of Fujairah expects to outperform its rivals with double-digit loan growth in 2015 as buoyant demand in sectors…
OAB’s Islamic banking arm gets nod for new products
New products and services that Al Yusr, the Islamic banking arm of Oman Arab Bank,will launch have been reviewed and…
StanChart launches new employee benefits scheme
A new employee benefits scheme granting mothers 140 days of maternity leave as well as 10 working days to fathers…
Emirates Islamic launches EI World; a new mobile banking app
EI World is a mobile banking app that allows Emirates Islamic customers to conduct a range of banking transactions. The…
ADIB postpones instalments for finance customers during Ramadan
Abu Dhabi Islamic Bank announced today that it will be postponing monthly repayment instalments for personal and auto finance customers…
UAE launches state bank to finance housing and job creation
The Emirates Development Bank was created by the merger of Emirates Industrial Bank and Emirates Real Estate Bank. With…
Al Etihad Credit Bureau to debut scoring system next year
The country’s fledgling credit bureau is finalising plans for a new scoring system that should make it easier for banks…
QDB launches home-based business drive
In a bid to promote home based businesses, Qatar Development Bank 's , in collaboration with Ministry of Labour and…
Infosys signs digital banking deal with Sharjah Islamic Bank
IT service provider Infosys announced its digital banking deal with Sharjah Islamic Bank (SIB) to supply Finacle e-Banking and Mobile…