Federal Bank plans to open office in Dubai
Private lender Federal Bank plans to open an office in Dubai as part of its strategy to expand its global…
Retail Banking
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First Gulf Bank Appoints Head of Consumer Banking Group
First Gulf Bank, one of the leading banks in the UAE, has announced that Hana Al Rostamani has been appointed…
Barclays offloads UAE retail division
Abu Dhabi Islamic Bank (ADIB) today announced that it had signed an agreement to acquire the retail banking business of…
Saudi’s Riyad Bank Q1 Net Profit Up 13.5%
The bank made 1.08 billion riyals in the three months ending March 31. Riyad Bank, Saudi Arabia’s third-largest lender…
Saudi Hollandi Bank Q1 Net Profit Rises 20%
The bank made a profit of 417 million riyals in the three months to March 31, according to a bourse…
New chief executive of HSBC Bank Oman announced
HSBC Bank Oman yesterday announced the appointment of Andrew Long as its new chief executive officer (CEO). This change was…
Saudi Arabia’s Bank Albilad Implements FIS Switch as Part of Major Payments Expansion
The world’s largest provider of banking and payments technology, today announced that Bank Albilad, of the Kingdom of Saudi Arabia,…
Qatar’s QNB Said to Hire McKinsey to Advise on Egypt Bank Growth
The company is helping the state-controlled lender devise a five-year plan for Qatar National Bank Alahly, said the people, who…
Saudi Arabia's Algosaibi calls May creditor meeting
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers has called a meeting of creditor banks in Dubai on May 7…
Burgan Bank to raise capital this year
Kuwait’s Burgan Bank wants to raise more capital this year to comply with the Basel III banking industry regulations while…
RBS reprimanded by Qatar regulatory authority
The Royal Bank of Scotland has been reprimanded by one of the main financial regulators in Qatar for failing to…
TCS, NCB sign deal to implement core banking platform
A leading Saudi Arabian Bank and Tata Consultancy Services have inked a pact to implement a new core banking software…