Retail Banking

Exotic Investments

Noor Bank's Capital-protected Investment Product Linked to Gold Delivers 16.5% Profit for 18-month Period

February 3, 2014

An innovative capital-protected investment product linked to gold, launched 18 months ago by leading UAE Islamic bank, Noor Bank ,…

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Financial Results

Khaleeji Commercial Bank reports net loss

February 3, 2014

The Bahrain-based bank reported total assets rose by 14.6 per cent to BHD 542.242 million while total liabilities rose 9.3…

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Awards and Recognition

QNB is the Middle East's Most Valuable Bank Brand

February 3, 2014

The Brand Finance Banking 500, released today, is an annual study conducted by Brand Finance plc, the world's leading brand…

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Mergers & Acquisitions

Al Salam Bank and BMI Bank conclude business combination

February 3, 2014

Al Salam Bank Bahrain BSC  and Bahraini retail and commercial banking institution, BMI Bank B.S.C. (c), concluded their business combination…

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Financial Results

Profits rise 8% at Egypt's largest bank

February 3, 2014

Egypt's largest bank saw an eight percent rise in its net income in the fiscal year 2012/13 compared to the…

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Financial Results

Bank of Sharjah net profit up 27pc

February 3, 2014

Bank of Sharjah, a leading bank in the UAE, has registered a net profit of Dh353 million ($96 million) in…

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Comment & Analysis

GCC Banks Rebound As Economy Recovers

February 2, 2014

Off the back of steadier results Gulf banks have been helped by a more in the previous year, 2013 was…

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Executive Moves

OAB appoints new CEO

February 2, 2014

In a step to further boost growth and as part of its strategic plan, Oman Arab Bank has announced the…

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Financial Results

Union National Bank announces profit of AED 1.75 billion, up by 9%

February 2, 2014

o Operating income for the UNB Group increases by 4% to AED 3,212 million in 2013 o Sustainable growth in…

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Financial Results

Dubai Islamic Bank Q4 Net Profit Up 66.2%

January 30, 2014

Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, posted a 66.2 per cent jump in fourth-quarter net profit,…

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Financial Results

Abu Dhabi's First Gulf Bank Q4 net profit up 19 pct

January 30, 2014

Abu Dhabi's First Gulf Bank on Wednesday said its fourth-quarter net profit rose 19 percent aided by strong investment returns…

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Financial Results

RAKBANK announces AED 1.43 billion in profit for 2013

January 30, 2014

Rakbank announced AED 1,430.8 million in net profit for 2013. In its first year, the Bank's Islamic Finance division -…

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