07/16/2012

Bank of Bahrain & Kuwait reports net profit

Comprehensive income has increased from BD21.2m in June 2011 to BD32.6m in June 2012; mainly due to improvement in investments valuation reserves, as a result of management strategy to continuously improve and maintain the quality of the investment assets

07/16/2012

National Bank Of Oman Q2 profit up 13.2pc

The lender made a net profit of 10.3 million rials in the three months to June 30, according to Reuters calculations based on a statement to the Muscat stock exchange on Monday, up from 9.1 million rials in the same period of 2011.

07/08/2012

"Lebanese Banking Sector is Extremely Liquid" says Blom Bank

In 2011, top 3 Lebanese banks managed to report decent balance sheet activity as highlighted by a respective 2.5%, 2.1% and 4.5% increase in assets, deposits and loans, despite a slowdown in the local economy and the political turmoil that impacted the M

07/05/2012

UAE Exchange launches banking kiosk

The MyBranch kiosk was developed by UAE Exchange in association with Euronet, a global provider of electronic payment and transaction processing solutions, and MBME, a supplier of kiosk-based payment systems, according to a company press release.

07/02/2012

GCC banks’ credit seen surging to $766b in 2012

Following the bottom-line growth rates of nine per cent and 16 per cent in 2010 and 2011 respectively, analysts at the Kuwait Finance House, or Markaz, expect GCC banks to record a surge of 21 per cent in 2012.

06/27/2012

UAE Firms May Go On Credit Card Strike

The current commission figure varies between businesses but the average is believed to be around 1.5 per cent, equating to a rise of 0.75 per cent.

06/27/2012

Bank of Bahrain and Kuwait Conducts Crisis Management Exercise

The exercise managed and co-ordinated by the bank's dedicated Business Continuity Management and Governance Team, the Chairman of the Board Murad Ali Murad, some Board members, all the members of the Executive Management along with over 100 employee

06/27/2012

HSBC launches new product for Kuwait firms

HSBC said it has launched a highly-advanced internet banking proposition, HSBC Connect to automate transactions for the large and mid- market businesses in Kuwait.

06/21/2012

StanChart launches new brand campaign

Standard Chartered has announced the launch of its new global brand campaign which continues it’s previously launched ‘Here for good’ story and demonstrates how it is a bank with a conscience.

06/20/2012

NI and AUB announce strategic alliance in Bahrain

Commenting on the occasion, Ram Chari, Chief Executive Officer, Network International, said: "We are delighted to partner with Ahli United Bank, one of the leading banks in the Kingdom.

06/15/2012

Kuwait's NBK offers $2.1bn for Boubyan stake‎

NBK, which currently owns 47.29 percent stake in the Islamic lender, will offer 630 fils per share for the stake, said in a bourse statement. Boubyan shares closed at 600 fils on the Kuwait stock exchange on Wednesday.

06/14/2012

Mashreq receives 'Best Regional Retail Bank Award'

Since its inception, Mashreq has been a pioneer in the UAE banking landscape. The bank is known to have launched 'first of kind products' such as First travelers' cheques, First credit cards and First ATMs.

06/12/2012

HSBC Bank welcomes new directors

The new board, chaired by Simon Cooper, Chief Executive Officer of HSBC Middle East Ltd comprises of seven Directors each serving an initial three-year term. Brigadier Waleed bin Omar al Zawawi has been appointed as Deputy Chairman.