09/11/2012

Emirates NBD opens Beijing office ‎

The opening ceremony was attended by senior government officials from China and the UAE, business leaders, industry decision-makers and media.

08/29/2012

NBAD opens 30th branch in Egypt

The new NBAD office is located in Al Kawthar area, the main banking district in Hurghada, the leading city on the Red Sea coast and a popular touristic and investment destination.

08/28/2012

Saudi Arabia: Introducing mortgages

The new law was approved in early July but is not due to come into effect for another few months while the Saudi Arabian Monetary Authority (SAMA) – the Kingdom’s central bank – finalises its regulations covering mortgage financing.

08/26/2012

Tough time for foreign banks in Kuwait

Banking sources said that the majority of foreign banks in Kuwait have had little success since the first HSBC branch bank opened in 2005.

08/15/2012

Al Watany profit up 20pc at $26.59m

Total assets reached EP17.4 billion, up 5.5 per cent year-on-year. ROA increased to 1.86 per cent compared with 1.70 per cent at the end of June 2011, and ROE increased to 20.1 per cent from 17.36 per cent.

08/15/2012

Omani investor takes 25 pct in Bulgaria Investbank

The bank’s success can be attributed to a new strategy it implemented last year based on five pillars, Finansbank General Manager Temel Güzeloğlu said in an announcement following the results release.

08/15/2012

Dubai's bank offers finance to people new to the UAE

Emirates Islamic Bank (EIB), the Islamic banking arm of Emirates NBD Group, a leading financial services organisation in the region, announced today, the launch of a banking package for new entrants to the UAE.

08/08/2012

Commercial Bank of Kuwait Q2 net profit drops 5.4 pct ‎

"The bank continues a prudent policy towards building up a strong provision base and consolidating its balance sheet. Further progress is noted on the bank's review of processes for efficiencies and preparation to benefit from any growth opportu