Kuwait’s Gulf Bank posts 15% rise in FY 2023 net profit to $231mln
Gulf Bank, Kuwait’s third-biggest lender by assets, saw its full year 2023 net profit jump by 15% to 71.2 million…
Retail Banking
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Saudi Awwal Bank proposes 9.8% dividend for H2 2023
The Riyadh-headquartered Saudi Awwal Bank (SAB) board of directors has recommended payment of a 9.8% cash dividend for the second…
Mastercard and Al Baraka Bank partner to elevate banking experience in Egypt
In line with its commitment to providing the latest in digital payments, Al Baraka Bank announced its partnership with Mastercard,…
Abu Dhabi Exports Office partners with Mashreq and Abu Dhabi Commercial Bank to provide up to US$100mln in financing to BGN
Regional banks and their overseas affiliates may participate through the “accordion” feature Abu Dhabi Exports Office (ADEX), the export financing…
Al Baraka Bank joins largest Islamic financing deal in Egypt
Al Baraka Bank has joined a group of regional and local banks to provide the largest joint financing deal in…
Commercial Bank International and Fuze sign breakthrough digital assets MoU
Commercial Bank International PJSC and Fuze have announced the signing of a Memorandum of Understanding. The agreement will allow…
IDEMIA & Arab National Bank to launch payment card in Saudi Arabia
IDEMIA Secure Transactions (IST), a provider of payment and connectivity solutions, has partnered with arab national bank (anb), one of…
NBK named “Best Trade Finance Provider in Kuwait” for 2024
National Bank of Kuwait (NBK) has received the award of “Best Trade Finance Provider in Kuwait” for 2024 in Global…
Commercial Bank of Kuwait enters strategic partnership with Network International to transform digital banking
Collaboration to enhance payment innovation and Digital Transformation initiatives. Commercial Bank of Kuwait (Al-Tijari), one of Kuwait’s renowned financial…
ADIB leads $178mln financing deal for Giza Systems, VAS Integrated Solutions
Abu Dhabi Islamic Bank Egypt and its investment arm, Abu Dhabi Islamic Capital, have arranged a joint financing deal that…
Burgan Bank appoints Meshari Abduljalil Shehab as General Manager of private banking and wealth management
After obtaining all necessary approvals from the Central Bank of Kuwait, Burgan Bank announced the appointment of Mr. Meshari Abduljalil…
UAE records first digital dirham transaction via mBridge CBDC
The United Arab Emirates (UAE) has completed its first cross-border payment with the digital dirham via the mBridge platform. …