GCC’s top 50 brands see 23pc rise in value
The total brand value for the Middle East’s top 50 brands has increased 23 per cent between 2014 and 2015…
Retail Banking
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Abdulrahman al-Nabit is new head of QIB’s Tamayuz Banking
Qatar Islamic Bank has appointed Abdulrahman al-Nabit as its new head of Tamayuz Banking, QIB Group CEO Bassel Gamal said.…
Khaleeji Commercial gains surge 216pc to $4.4m
Khaleeji Commercial Bank said its net profit surged 216 per cent to BD1.67 million ($4.4 million) for the first quarter…
Oman’s Bank Sohar says $104m rights issue oversubscribed
Oman’s Bank Sohar, which is in talks about a possible merger with larger rival Bank Dhofar, said on Thursday its…
Saudi British Bank plans capital-boosting sukuk sale – sources
Saudi British Bank is planning to sell a riyal-denominated sukuk that will boost its capital reserves, sources aware of the…
DIB wins “Best Islamic Card” and “Best GCC Equity Fund”
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has won the award for “Best Islamic Card” for…
Quarterly profits fall 9% in Middle East for HSBC
HSBC said first-quarter profit in the Middle East slipped 9 per cent, dragged down by lower returns from its commercial…
Quarterly profits fall 9% in Middle East for HSBC
HSBC said first-quarter profit in the Middle East slipped 9 per cent, dragged down by lower returns from its commercial…
CBO refutes currency depreciation rumours in Oman
Speculations about depreciating the local currency due to declining oil prices, have been dismissed by Hamoud bin Sanjour Al Zadjali,…
ADIB net profit for Q1 increases 10.1%
Abu Dhabi Islamic Bank (ADIB) Group has reported a net profit of AED 450.8 million for the first quarter of…
Banks use loopholes to hike Emiratisation
Many Emiratis working in banks complain of being ill-treated and marginalised; say they are appointed in junior positions or are…
Union National Bank wins the International Award "Golden Mercury"
UNB CEO Mr. Mohammed Nasr Abdeen was recently awarded the prestigious International Award - Golden Mercury, from the Europe Business…