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January February March
QNB receives two prestigious awards from ‘Euromoney’
(The Peninsula - 27/02/2018)

QNB, the largest financial institution in the Middle East and Africa, has received the awards of Best Commercial Banking Capabilities in Qatar and Best Net-worth-specific Services in Qatar based on Euromoney Private Bankingand Wealth Management 2018

First Abu Dhabi Bank announces $2bn cash dividends
(Trade Arabia - 27/02/2018)

First Abu Dhabi Bank (FAB), one of the world’s largest financial institutions based in the UAE capital, is set to distribute 70 per cent cash dividends worth Dh7.6 billion ($2.1 billion) to its shareholders for 2017, up 11 per cent compared to the

QINVEST records solid revenues for 2017
(The Peninsula - 26/02/2018)

QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced its end of year results for 2017.<br/><br/> Revenues from all business lines amounted to QR368.6m ($101.3m),

First Abu Dhabi Bank to enter commercial banking in Saudi Arabia
(Gulf News - 26/02/2018)

First Abu Dhabi Bank (FAB), the largest bank in the UAE by assets, is stepping up its presence in Saudi Arabia by venturing into commercial banking, a top executive of the bank said in Abu Dhabi.<br/><br/> FAB has already secured a licence from the

Bank Muscat Priority Banking widens network with new asalah centre
(Oman Daily Observer - 26/02/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, marked the expansion of asalah Priority Banking network with the inauguration of a new personalised banking asalah centre in Al Maabela branch. Shaikh Ibrahim Yahya al Rawahi, Wali

FAB shareholders approve 70% cash dividend
(The Gulf Today - 26/02/2018)

First Abu Dhabi Bank (FAB) has successfully concluded its annual General Assembly Meeting on Sunday at FAB’s head office in Abu Dhabi.<br/><br/> During the meeting, the distribution of 70 per cent cash dividends - Dhs 0.70 per share - for registered,

BisB seals partnership with Bahrain FinTech Bay
(Trade Arabia - 26/02/2018)

Bahrain Islamic Bank (BisB) has announced its partnership with the Bahrain FinTech Bay (BFB), further reiterating its commitment and support towards the Kingdom's vision to position the Kingdom as a regional FinTech hub and a leading Islamic financial

National Bank of Oman CEO Al Musalmi resigns
(Times of Oman - 23/02/2018)

Ahmed bin Jaffar Al Musalmi, Chief Executive Officer of the National Bank of Oman (NBO), has resigned from his post, the bank confirmed on Thursday.<br/><br/> In a statement released online, the bank said that its board of directors had accepted

Saudi Arabia’s Samba, Alawwal underline banking upturn
(Arab News - 22/02/2018)

Saudi Arabian banks showed more evidence of improving results on Wednesday with stronger fourth-quarter performances from two of the kingdom’s larger lenders.<br/><br/> Of the seven main Saudi banks to report so far, all have posted higher profits for

QIB gets approval to renew Sukuk programme
(The Peninsula - 22/02/2018)

QIB’s annual general assembly has approved the bank’s board of directors’ recommendation to renew, and also to increase, the bank’s Sukuk programme. The leading Islamic lenders’ AGM, met here yesterday, gave the nod to renew the QR7.5bn limit for

Bank Muscat supports global risk management conference at SQU
(Oman Daily Observer - 22/02/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its commitment to promote best practices in service and business operations, extended support and participated in the first international risk management conference

Emirates Islamic wins ‘most improved branches’ award
(Trade Arabia - 22/02/2018)

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, won the ‘Most Improved Branches’ award at the 2017 Customer Experience Benchmarking Index Awards, conducted by Ethos Integrated Solutions.<br/><br/> The bank was recognised

Emirates NBD closes club financing for UNEC’s Deira Mall
(Press Release - 21/02/2018)

Emirates NBD, a leading bank in the region, successfully concluded financing amounting to AED 1.30 billion for UNEC (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira Mall project. Emirates

After breakthrough Islamic issuance, Al Rayan Bank eyes more RMBS in UK
(Gulf Times - 21/02/2018)

Al Rayan Bank is planning more securitisations backed by Shariah-compliant loans, after recently selling the UK’s first deal tied to Islamic-style home purchase plans.<br/><br/> The bank expects to offer another deal late next year, Treasurer Amir

Ahlibank effectively manages in 2017 its net interest margins
(Gulf Times - 21/02/2018)

Asset re-pricing and loan growth more than offset the increased funding cost, thus helping Ahlibank effectively manage its net interest margins in 2017, according to its top official.<br/><br/> Moreover, the focus was on improving the maturity profile of

Doha Bank crowns final Millionaire of Al Dana scheme’s 14th edition
(The Peninsula - 21/02/2018)

Doha Bank held the 10th monthly draw of its 2017 Al Dana Savings Scheme campaign on Monday.The finale of the 14th edition of Qatar’s most rewarding savings programme was held at Mall of Qatar and saw the crowning of a new millionaire, A Haleyangadi along

Kuwait Finance House goes live with (ITS) ETHIX-Net
(Biz Bahrain - 21/02/2018)

International Turnkey Systems Group (ITS), the market leading provider for comprehensive Islamic financial solutions suite, has announced the successful installation of its pioneering ETHIX-Net internet banking modules for Kuwait Finance House, Bahrain

Ahli United Bank reports US$ 618.7 million net profit for 2017
(Biz Bahrain - 21/02/2018)

Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 618.7 million for the year 2017, representing a growth of 8.4% as compared to a net profit of US$ 570.6 million in 2016. The net profit in Q4/2017 was US$

Bank Muscat cheque deposit facility on CDMs evokes strong response
(Oman Daily Observer - 21/02/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its e-channel deployment strategy has evoked strong response to cheque deposit facility on cash deposit machines (CDMs).The innovative cheque deposit automated (CDA)

DIB celebrates listing of $1 billion Sukuk on Nasdaq Dubai
(The Gulf Today - 21/02/2018)

The Dubai Islamic Bank, DIB, rang the market-opening bell today to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai.<br/><br/> The Sukuk is the first benchmark dollar-denominated Sukuk from a GCC issuer in 2018 and provides significant support

SABB 2017 net profit up 1.5pc to top $1bn
(Trade Arabia - 21/02/2018)

The Saudi British Bank (SABB) recorded a net profit of SR3.955 billion ($1.05 billion) for 2017, as against a net profit of SR3.895 billion for the previous year, marking an increase of 1.5 per cent. <br/><br/> SABB recorded a net profit of SR706 million

Emirates NBD said to plan March bid for Sberbank unit
(Gulf News - 20/02/2018)

Emirates NBD is preparing to submit a bid for Sberbank PJSC’s wholly-owned Turkish unit in March, people with knowledge of the matter said. Dubai’s biggest bank is evaluating an offer for Denizbank AS, the people said, asking not to be identified because

PEIE, BankDhofar join hands to boost investments in the Sultanate
(Oman Daily Observer - 20/02/2018)

The Public Establishment for Industrial Estates (PEIE) and BankDhofar signed on Sunday a Memorandum of Understanding with the aim of attracting foreign investment that will bring new industries, generate employment and industrialise the country

Bank Muscat presents Braille laptops to vision impaired at SQU
(Oman Daily Observer - 20/02/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its commitment to sustainable social development, presented Braille Sense 2 laptops to 10 visually challenged students at Sultan Qaboos University in the presence of Dr

FAB launches full-feature digital wallet
(Trade Arabia - 20/02/2018)

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched ‘payit’, the country’s first fully-featured digital wallet.<br/><br/> The safe and secure service is available to anyone