Ultra Luxury exhibition to debut in November
The Peninsula Ultra Luxury, a brand new exhibition, debuting in November 2017, aims at catering to the growing luxury…
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Al Rajhi Bank deploys Gemalto’s instant EMV card issuance solution in new self-service kiosks
Gemalto the world leader in digital security, is supplying Al Rajhi Bank, Saudi Arabia’s leading financial institution, with its instant…
Gulf Bank reports KD 43m net profit for 2016
Gulf Bank K.S.C.P. announced yesterday its financial results for the year ending 31 December 2016. The Bank recorded a…
Sales of superyachts to see growth in Mena
The propensity of ultra-high net worth individuals (UHNWIs) in the Mena region to buy superyachts built within the last 15…
QIIB to accelerate growth with Misys
Misys today announced that QIIB has chosen Misys FusionBanking Essence Islamic. The bank is implementing the new solution in…
ADCB’s fourth-quarter net profit falls 16%
Abu Dhabi Commercial Bank reported a 16 per cent fall in fourth-quarter net profit on Tuesday as impairments rose. …
NBAD posts higher profit on low expenses and impairments
National Bank of Abu Dhabi (NBAD), which is merging with Abu Dhabi lender FGB, reported a 28 per cent rise…
Abu Dhabi Commercial Bank Q4 profit drops 16% on impairments
Abu Dhabi Commercial Bank on Tuesday posted a 16 per cent drop in fourth-quarter profit, in line with analysts’ forecasts,…
Citi Private Bank eyes 15% growth in UAE revenue this year
With $374 billion (Dh1.37 trillion) of assets under management, Citi Private Bank (CBP) expects a 15 per cent growth in…
FGB – NBAD merger update
Led by the Integration Steering Committee and Integration Management Office, integration planning remains on schedule and the organisational structure is…
Al Khaliji offers entrepreneurs the opportunity to finance and grow their SMEs
Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, is offering aspiring entrepreneurs the opportunity to finance and…
Asset quality of GCC banks expected to weaken further
The less-supportive economic environment is expected to result in further deterioration in asset quality. As of September 30, 2016,…