ICBC becomes active in Turkey’s banking sector
Industrial and Commercial Bank of China Limited (ICBC) has announced that its acquisition of a 75.5 percent of stake in…
Retail Banking
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UAE Banks Federation appoints independent agency to monitor Code of Conduct compliance
The UAE Banks Federation, a professional representative body representing 50 member banks operating in the UAE, has approved the appointment…
NBK-Egypt reports EGP 126.3 million in net profits in the first quarter 2015, up 30.2% y-o-y
Total assets grew 47.6% y-o-y to EGP 31.3 billion, customers' deposits up 42.8% to EGP 26.0 billion National Bank…
Horn of Africa`s Djibouti dreams of becoming `New Dubai`
For years the Horn of Africa nation Djibouti was seen by foreign powers as a far-flung military outpost overlooking the…
Egypt's National Bank records 25% Rise in 6-month Profit before Tax
Egypt's biggest state-run bank, the National Bank of Egypt reported a 25 percent growth in profit before taxation during the…
Court sentences bank directors to 7 years
The Criminal Court of Dubai on Tuesday sentenced a Lebanese woman, SA, Director of a bank and AA, an American…
United Finance says National Bank of Oman confirms M&A interest
Oman's United Finance said on Thursday that National Bank of Oman had confirmed interest in participating in a bidding process…
Three Israeli banks report higher 1st quarter earnings
Bank Hapoalim, Israel Discount Bank and First International Bank beat analysts’ forecasts. Three of the country’s banks, including its largest…
NBAD launches new mobile banking solution
The National Bank of Abu Dhabi (NBAD) has launched a new state-of-the-art mobile banking solution to its customers in the…
Kuwait’s Al Ahli Bank buying Egyptian unit of Greece’s Piraeus Bank for $150m
Kuwait’s Al Ahli Bank will pay about $150 million to acquire 98.5 per cent of the Egyptian unit of Greece’s…
Mashreq Puts its Customers at the Heart of Banking
Mashreq has once again been recognized for its commitment to excellence in customer satisfaction, winning five awards recently at the…
Transfast launches instant bank deposits to Pakistan
Transfast, a leading provider of cross-border payments solutions, today launched mobile and online money transfer to nine banks in Pakistan.…