UAE bank profits predicted to rise 20% in 2013
Commercial banks in the UAE are expected to report net profit growth of about 20 percent in 2013, higher than…
Retail Banking
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GCC corporate income up
Led by the banking sector, GCC corporate earnings surged 7.1 per cent to $31.2 billion in the first half of…
First Gulf Bank of Abu Dhabi to cut 10 pct of workforce
First Gulf Bank , the United Arab Emirates' third largest bank, is cutting about 300 jobs, equivalent to nearly 10…
ABC backs IMF reception
The Arab Banking Corporation has confirmed its sponsorship of the Banks in Bahrain reception that will be organised by the…
Al Salam, BMI in key merger agreement
Bahraini retail lender BMI said its board members have reached an agreement with Al Salam Bank-Bahrain, a dynamic, diversified and…
Dubai bank offers free holidays to entice more borrowers
A Dubai bank is offering free holidays and a delayed repayment plan in a bid to entice customers to borrow…
Morocco's Attijariwafa Bank Profit Hit By Rise in Bad Debts
The bank is exposed to weak economies in sub-Saharan Africa where it is developing aggressively. And a slow-down in the…
United Arab Bank appoints Head of Retail Banking
United Arab Bank have announced that it has appointed Tony Graham as Head of Retail Banking, with immediate effect. …
Barclays decides to sell UAE retail bank after review
Barclays Plc has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of…
Barwa Bank Announces Senior Management Changes
Barwa Bank , Qatar's fastest growing Shari'ah compliant banking service provider recently announcd aseries of changes to its leadership team…
Kuwait''s Warba Bank plans to diversify services – CEO
Warba Bank's plans to diversify banking services in order to compete in domestic market coupled with the bank's existing solid…
UAE banks facing pressure on margin, Standard Chartered CEO says
As UAE leaves behind the recovery phase and steadies itself to a new phase of economic growth, banks, while seeing…