OAB appoints new acting head of retail banking division
Oman Arab Bank has appointed Rashad Al Shaikh as the new Acting Head of Retail Banking Division, as of January…
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SHUAA Capital reports first post-merger preliminary FY 2019 consolidated results
SHUAA Capital has announced preliminary results for fiscal year 2019 with an EBITDA of AED 181 million and a net…
Ithmaar Holding reports profits for the year
Ithmaar Holding has announced its financial results for the year ended 31 December 2019. The announcement, by Ithmaar Holding…
Dubai's Union Properties posts net losses of $59.5m
Dubai-based Union Properties on Thursday announced AED218.8 million ($59.5 million) net losses for 2019, blaming bank financing costs and a…
HSBC Hires Ex-Perella Partner Lahham for Senior Mideast Role
HSBC Holdings Plc has hired Nabil Lahham, a former veteran Middle East dealmaker at Perella Weinberg Partners LP, for a…
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
Kuwait banks can withstand challenges – CBK confident
Kuwait banking sector is solid and capable of withstanding domestic or external financial challenges that might have impacts on national…
Egypt’s Oldest Bank Taps Ripple Remittance Solution
The largest government-backed banking institution in Egypt, the National Bank of Egypt has announced the signing of a cooperation agreement…
Kuwaitis, expats borrowed 1.57 billion dinars in 2019
The credit granted by Kuwaiti banks witnessed a 4.3% jump during 2019 by end of the year to record 38.4…
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
UAE banks must stop using compliance as a weapon
The banking community must rethink its strategy on compliance. This over-indulgence with compliance is not going down well with customers.…
Discover Increases Acceptance in Oman
Discover Global Network has signed a deal with the National Bank of Oman to increase acceptance for Discover, Diners Club…