Top 10 UAE banks’ profits shrunk 40% in 2020: A&M
The aggregate net profit of the top 10 UAE banks declined by 38.3 per cent year on year in 2020,…
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Bahrain bank waives loan fees for customers having had COVID-19 vaccine
A Bahraini bank has waived loan fees for customers vaccinated against the coronavirus disease (COVID-19), part of the country’s bid…
Bank of Bahrain and Kuwait B S C : Unique Financial Mall Offering 24/7 Services
BBK, Bahrain's pioneer in Retail and Commercial banking, announced the opening of its new concept financial mall located in Tala…
Turkey's non-state banks have the edge in 2021 amid lira volatility, high rates
Non-state Turkish lenders are better placed than state banks to navigate 2021 as they are less sensitive to interest rate…
AppTech and NEC Payments Announce Financial Close of their Agreement
AppTech Corp. and NEC Payments B.S.C has announced financial closure of the agreement entered into by the parties in October…
First Abu Dhabi Bank’s Acquisition of Bank Audi Sae
Bank Audi sal, a Lebanon-based universal bank and financial services company headquartered in Beirut, executed the sale of its Egyptian…
Investcorp names private wealth head for Bahrain, Kuwait
Investcorp has announced the appointment of Mohammed Al Sada as the new head of Bahrain and Kuwait for the group's…
UAE banks expect revival in credit demand from Q1 2021
UAE banks expect to see an increase in credit demand in the first quarter of 2021 according to the fourth…
Saudi banks’ assets surge to $738bln in 2020
Assets of Saudi banks listed on the Saudi Stock Exchange (Tadawul) increased by 13.1% on an annual basis in 2020…
UAE's first independent digital banking platform launches
The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a…
Dubai's Damac Properties to raise stake in overseas subsidiary to 45% from 20%
Damac Properties’ plans to seek a higher profile in overseas markets has gotten a boost, with the Dubai developer raising…
Qatari banks defy pandemic's impact on 2020 earnings
The combined results of the eight Qatari banks remained strong despite the impact of COVID-19 on operating conditions and rise…