Friday 30 September 2016
 
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Saudi cbank asks banks to reschedule consumer loans

Saudi Arabia's central bank has asked local banks to reschedule consumer loans after the government cut bonuses and other financial perks for public sector workers, local media reported on Thursday. The cabinet announced this

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Emirates NBD Egypt welcomes new COO

Emirates NBD Egypt, a major subsidiary of the Emirates NBD Group, has appointed Fuad Mohamed as its new chief operating officer. Mohamed joins the executive leadership team of Emirates NBD Egypt and reports directly to the Emirate

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Ithmaar subsidiary FBL profit up 10pc

Ithmaar Bank, a Bahrain-based Islamic retail bank, has announced that its retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL), has maintained growth momentum and improved profitability. The announcement, by Ithmaar Bank chi

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Burgan Bank offers customers additional travel discounts

Kuwait-based Burgan Bank today announced the launch of the “travel festival” campaign which has been tailored for all Burgan Bank card holders to enjoy an additional 10 per cent discount on 'Travel Festival' offer from Qatar

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GFH aims to buy control of Bank Al Khair

Bahrain-based Islamic investment bank GFH Financial Group (GFH) has signed a memorandum of understanding to buy a majority stake in Bank Al Khair, a Bahraini lender with a presence in several countries, GFH said on Monday. GFH did

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Abu Dhabi's NBAD to launch ME's first green bond

The National Bank of Abu Dhabi plans to start an investor roadshow next week to issue a benchmark-sized green bond, the proceeds of which would be used to invest in renewable energy, sources familiar with the matter said on Thursday.

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Bank Muscat, Ministry of Tourism host social media icon

Bank Muscat, in association with the Ministry of Tourism, is hosting renowned social media personality Sheikh Majed Al Sabah on a unique ‘Discover Oman’ programme. During the week-long stay, Sheikh Majed will explore O

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Ahli United raises stake in Iraq bank

Ahli United Bank (AUB), Bahrain's largest lender, has raised its stake in Commercial Bank of Iraq to 64.71 percent, according to a stock exchange statement. AUB purchased a 10 percent stake in Commercial Bank of Iraq, AUB said

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NBAD, FGB win approval to set up $175bn bank

Leading Abu Dhabi lenders National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) said its boards of directors have recommended merging the two banks with the deal expected to be completed in the first quarter of 2017. The mer

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Gulf Bank reinforces new electronic cheque clearing system

Customers of Kuwait's Gulf Bank who print their cheques through external vendors have been advised to discontinue the practice at the earliest and only print cheques through authorised vendors. The new advisory comes in line w

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