BankMed: Prudent expansion across Mideast
Editor’s note: The following is an interview with Mohamed Ali Beyhum, the executive general manager of BankMed. Dr. Beyhum…
Retail Banking
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Bank wins licence for branch
The Central Bank of Bahrain (CBB) granted a license to Cairo Amman Bank, to open a branch in Bahrain. The…
Some banks win, some lose in Dubai's "Islamic economy"
Dubai's drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed,…
ADCB launches an app for Apple Watch
Abu Dhabi Commercial Bank has launched a new app for Apple Watch, which launches on April 24. The app…
Turkey's Alkhair Capital plans expansion, eyes Islamic bond advisory
Turkish Islamic asset manager Alkhair Capital plans to launch new funds this year and will start a service to advise…
National Bank of Abu Dhabi Oman appoints key executive
The National Bank of Abu Dhabi (NBAD) Oman has appointed Ali Bin Qassim Al Lawati as chief operating officer. In…
Oman's Bank Dhofar Q1 net profit rises 15.3 pct, beats estimates
Oman's Bank Dhofar , the sultanate's second-largest lender by assets, posted a 15.3 percent rise in first-quarter net profit on…
Dubai’s mortgage deals take a dive from Q1-2014 peak
UAE’s banking industry are still trying to get a handle on their mortgage operations — latest data suggest that home…
QIB profit jumps 19%
QIB has posted a first-quarter net profit of QR400mn, up 19% on the same period in 2014. The…
Saudi British Bank profit increases
The Saudi British Bank (“SABB”) recorded a net profit of SAR 1,115 million for the quarter ended 31 March 2015.…
Saudi's Al Rajhi Bank posts 11 pc quarterly profit drop
Al Rajhi Bank, Saudi Arabia's second-largest lender, posted an 11 per cent drop in its first-quarter net profit, it said…
National Bank of Kuwait Q1 Net Profit Up 15%
National Bank of Kuwait, the Gulf Arab state’s largest commercial lender, reported a 15 per cent rise in first-quarter net…