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Qatar Bank CEO says liquidity better after $9b bond sale
(Gulfnews - 31/08/2016)

The availability of funds in the Qatari banking system, which earlier this year became a more serious issue than during the 2008 financial crisis, is improving after the country’s $9 billion bond sale in May, Doha Bank QSC Chief Executive Officer

Bank Muscat SME push makes headway
(Oman Daily Observer - 30/08/2016)

Bank Muscat, the flagship financial services provider in the Sultanate, on Monday (29 September 2016) marked a new session of al Wathbah Academy in Muscat as part of its ‘Let’s Do More’ vision and commitment to partnership in supporting SMEs embark on

Bahrain Islamic Bank plans $218m sale of non-core assets
(Gulfnews - 29/08/2016)

Bahrain Islamic Bank BSC is seeking to sell about 82 million dinars (Dh799 million, $218 million) of unproductive assets such as land and shares as part of a five-year plan to boost growth. The lender sold 14 million dinars-worth of these assets in the

Qatar National Bank gets go-ahead to open branch in India
(Gulfnews - 29/08/2016)

Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region’s largest lender said on Sunday. The bank, which in June completed the €2.7 billion (Dh11.1 billion) purchase of Turkey’s Finansbank,

GIB sponsors GMA Summit in Riyadh
(Saudi Gazette - 29/08/2016)

GULF International Bank (GIB) announced its sponsorship of the Global Ministerial Aviation (GMA) Summit in Riyadh to take place on Aug. 29-31, 2016 at the Ritz Carlton. The summit is held under the patronage of The Custodian of The Two Holy Mosques King

Doha Bank gets cardholder data security certification
(The Peninsula - 25/08/2016)

Doha Bank was awarded the PCI-DSS Level 1 certification by the renowned PCI Certification body SISA. PCI is the only standard dedicated to security of cardholder data and rated as one of the most stringent security standard. This initiative confirms the

Emirates NBD unit cuts 100 jobs - sources
(Trade Arabia - 25/08/2016)

Emirates Islamic, the sharia-compliant arm of Dubai's largest bank Emirates NBD (ENBD) , has laid off more than 100 people as part of cost cutting to adjust to a cooler economy, sources familiar with the matter said on Wednesday. Growth in much of the

Bank Sohar supports Al Noor Association for the Blind in Salalah
(Oman Daily Observer - 24/08/2016)

Marking its 12th contribution under the umbrella of its Corporate Social Responsibility (CSR) program, Bank Sohar has once again extended its support to the Salalah branch of the Al Noor Association for the Blind. Having already supported the Al

Al Rayan Bank’s Knightsbridge branch sees customer growth
(The Peninsula - 24/08/2016)

Just fifteen months after it opened its exclusive private banking branch in Knightsbridge, Al Rayan Bank (UK) has revealed that its private client business has experienced unprecedented growth. Since being officially opened on May 15, 2015 by Yousef Ali

Doha Bank gets cardholder data security certification
(The Peninsula - 24/08/2016)

Doha Bank was awarded the PCI-DSS Level 1 certification by the renowned PCI Certification body SISA. PCI is the only standard dedicated to security of cardholder data and rated as one of the most stringent security standard. This initiative confirms the

RAKBANK chief forecasts turnaround in 2017
(Khaleej Times - 24/08/2016)

National Bank of Ras Al Khaimah (RAKBANK), the UAE’s largest lender to small and medium enterprises (SMEs), expects a turnaround in its business banking in 2017, even as it continues to face challenges in the second half of this year. Triggered by a

NBO launches Seamless Banking to enhance cross border trade
(Oman Daily Observer - 23/08/2016)

National Bank of Oman (NBO) reinforced its commitment to Oman’s bilateral trade ties with the United Arab Emirates by launching a series of technological innovations to deliver a seamless banking experience for entrepreneurs and companies operating

BankDhofar, MIBS back 1st Arab Forum for Women Entrepreneurs
(Oman Daily Observer - 22/08/2016)

Central to their efforts that aim at developing the SME sector in the Sultanate, BankDhofar and Maisarah Islamic Banking Services (MIBS) supported the 1st Arab Forum for Women Entrepreneurs that kicked off recently at Crowne Plaza Hotel in Salalah under

Bank Muscat Shahadati finance opens up doors for college education
(Oman Daily Observer - 21/08/2016)

The Shahadati educational finance launched by Bank Muscat as part of its commitment to the national objective of educational support for Omani youth has fired the ambitions of a number of aspiring students seeking college or higher education

Qinvest hikes revenues to $65.7 million in H1
(Saudi Gazette - 17/08/2016)

Qinvest, Qatar’s leading private investment group and one of the world’s prominent Islamic financial institutions, said on Tuesday that its revenues rose to $65.7 million and net profits increased to 25.3 million (QR92.1 million), compared to $24.4

Alex Thursby steps down as NBAD’s CEO
(Gulfnews - 16/08/2016)

The National Bank of Abu Dhabi (NBAD) announced on Monday that Alex Thursby has stepped down as group chief executive officer. Abhijit Choudhury, the group’s chief risk officer, has been appointed as acting CEO with immediate effect. Thursby’s move to

Alinma wins ‘Fastest Growing Bank Award’ for fourth time
(Saudi Gazette - 16/08/2016)

FOR the fourth time, Alinma Bank has been named the “Fastest Growing Bank in Saudi Arabia” by Banker Middle East magazine, who presented the award to Alinma at an award ceremony in Dubai earlier this year. The accolade was based upon the bank’s financial

Commercial Bank awards winners of online banking campaign
(The Peninsula - 15/08/2016)

Commercial Bank has announced the winners of its online banking campaign, which awarded three auto registered customers for using Online Banking to complete various transactions during the month of July 2016. Commercial Bank continues to meet the growing

GIB reports $41.7 million profit for H1
(Arab News - 15/08/2016)

Gulf International Bank BSC (GIB) reported consolidated net income after tax of $41.7 million for the six months ended June 30, 2016, compared to $47.3 million in the prior year period. Net income after tax in the second quarter was $31.2 million

Bahrain Islamic Bank records 62 per cent drop in H1 profits
(CPI Financial - 12/08/2016)

Bahrain Islamic Bank (BisB) reported profits for H1 2016 of BHD 3.08 million, down 62 per cent on year-ago levels. Earnings per share fell from 9.87 fils to 3.08 fils. Total net income was BHD 18.729 million, down from BHD 20.976 million. The bank

Bank Muscat Chip and PIN debit card reaches one million customers
(CPI Financial - 12/08/2016)

Bank Muscat hosted a ceremony to mark the distribution of one million Chip and PIN debit cards featuring advanced security for day-to-day payments and cash withdrawals. Packed with an array of features and benefits, the new card is designed to make

Seven per cent growth of KFH SMEs portfolio’s clients as of end H1 201
(CPI Financial - 11/08/2016)

Executive Manager Business Banking at Kuwait Finance House (KFH), Manaf Al-Menaifi said that the credit limit of the Business Banking specialised in financing the small and medium-sized enterprises SMEs is about KD 300 million, indicating that Business

Al Salam Bank-Bahrain reports H1 net profit down seven per cent
(CPI Financial - 11/08/2016)

Al Salam Bank-Bahrain reported H1 net profit of BHD 8.38 million, down 7.2 per cent from BHD 9.034 million a year earlier. Net profit for Q2 was BHD 3.879 million, down from BHD 5.12 million in Q2 2015. Total operating income in H1 2016 was BHD 24.756

Emirates NBD launches ‘Emirates NBD Pay’
(CPI Financial - 11/08/2016)

Emirates NBD today announced the launch of Emirates NBD Pay, a near-field communication- (NFC) based mobile contactless payment service that enables customers to make in-store purchases instantly via their mobile banking app. The bank is the first in the

CI affirms FCRs of Egypt-based QNB Al Ahli with stable outlook
(Gulf Times - 10/08/2016)

International credit rating agency, Capital Intelligence (CI), yesterday affirmed Egypt-based QNB Al Ahli’s long-term foreign currency rating (FCR) at ‘B-’ and short-term FCR at ‘B’, with a ‘stable’ outlook. These ratings, which are constrained by the

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