Standard Chartered to close MidEast branches
Standard Chartered is set to cull an unspecified number of branches in the Middle East, as part of plans to…
Retail Banking
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Gulf Bank Wins 'Bank of the Year' Award
Gulf Bank has announced that it has won the 'Bank of the Year' award from Arabian Business, one of the…
Stronger economy boosts major UAE banks’ profits
Major UAE banks recorded strong performance in 2014 as their profits surged due to economic growth and lower provisions for…
Turkey's Bank Asya falls to Q3 loss
Turkey's Bank Asya on Tuesday posted a third-quarter net loss on loan provisions and a shrinking balance sheet but said…
Net Income of Al Baraka Banking Group rose by 5% to US$207 Million in the First Nine Months of 2014
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that it has achieved a net income…
Meethaq opens new branch in Ibra, Oman
H.E Sheikh Saqr congratulated Meethaq for extending the branch network to all parts of Oman and setting a benchmark for…
‘Smart Wallet’ tops UAE Banks Federation agenda
The Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE,…
Ziraat Bank’s New York branch quits retail banking after FED pressure
Turkey's state-run Ziraat Bankası New York branch, which has been subjected to strict US Federal Reserve (Fed) inspections over accusations…
Former Barclays exec joins National Bank of Abu Dhabi
The National Bank of Abu Dhabi PJSC (NBAD) has appointed Suvrat Saigal as Managing Director and Head of Global Retail.…
Mashreq’s Corporate & Investment Banking Group wins prestigious Leading Industry Awards
Mashreq known for its pioneering contribution to banking in the region has once again won numerous accolades in 2014 from…
Kazakh bank to comply with principles of Islamic finance – Baidaulet
In 2015, Kazakhstan's Zaman-Bank JSC will operate in accordance with the principles of Islamic finance, announced Chairman of the Islamic…
Saudi SMEs poised for growth as kafala program gains pace
Saudi Arabia's Kafala loan guarantee program proves to be a vital conduit between banks and smaller businesses, a report recently…