HSBC and Zurich Insurance launch new wealth product in Middle East
As part of a 10-year exclusive partnership agreement, HSBC and Zurich have announced a new wealth product offering available only…
Retail Banking
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MasterCard profits advances as revenue grows, led by emerging markets
Mastercard, the payments processing company, reported a 19 percent increase in its second-quarter profit as more people worldwide used…
Burgan Bank wins “Best Domestic Retail Bank of the Year”
Burgan Bank announced hat it has won the coveted “Best Domestic Retail Bank of the Year” award from the Asian…
HSBC Bank Oman net profits up 28%
HSBC Bank Oman S.A.O.G. announced a 28% increase in net profit to reach RO9.3m and a 72.7% rise in net…
Bank Sohar to appoint consultant to study merger
Muscat Bank Sohar board has decided to appoint a consulting firm to study the proposed merger with Bank Dhofar. …
UNB's Q2 profit rises 7.2%
Abu Dhabi's Union National Bank on Sunday reported a 7.2 percent percent rise in second-quarter profit helped lower provisions…
Fitch affirms Commercial Bank of Kuwait at 'A+'
Fitch Ratings has affirmed Commercial Bank of Kuwait's long-term issuer default rating at 'A+' and viability rating at 'bb-'.…
Commercial Bank of Qatar Acquisition
Commercial Bank of Qatar a leading Qatari based international banking group, today announced the completion of its acquisition of a…
UAE-based Emirates NBD hunts more business in Sri Lanka
Emirates NBD Capital which syndicated a 200 million dollar loan for Sri Lanka's state-run Bank of Ceylon is looking to…
Arab Banking Corporation announces half-year profit of $112 Million
Arab Banking Corporation (ABC) today announced that its consolidated Group net profit for the first half of 2013 was $112…
Ahlibank posts 6% profit growth
Ahlibank, one of the leading banks in the Sultanate, said its net profit for the first half of 2013 grew…
Abu Dhabi banks FGB, ADIB Q2 profits beat estimates
Abu Dhabi lenders First Gulf Bank and Abu Dhabi Islamic Bank posted rises in second-quarter net profits beating analysts' forecasts.…