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Bank Albilad partners with Western Union to launch money transfer service
Saudi lender Bank Albilad has signed an agreement with Western Union to launch Western Union's... Read full article »
Network International acquires majority stake in TimesofMoney
UAE-based card payment processor Network International has said it has acquired a majority stake... Read full article »
Net earnings by GCC lenders drop 24% in Q3
Global Investment House has said GCC banks have seen their net earnings decline by 24% year-on-... Read full article »
HSBC Bank Oman to sell overseas branches
Ewan Stirling, the chief executive of HSBC Bank Oman has said the lender aims to identify buyers... Read full article »
NBAD issues $163m Islamic bond in Malaysia
The UAE's largest lender by market value, National Bank of Abu Dhabi (NBAD), has issued a 500... Read full article »
Deadline for QNB offer to buy NSGB extended
The Egyptian Financial Services Authority (EFSA) has decided to extend until February 20 the... Read full article »
Saudi Post to introduce remittance service by mid-2013
Saudi Post is set to roll out a new service allowing customers to transfer money through the post... Read full article »
Burgan Bank to raise $354m to boost capital
Kuwait's third-biggest lender by assets, Burgan Bank, has unveiled plans to raise KD100m ($354m)... Read full article »
Jordan Commercial Bank receives regulator's node for capital hike
Jordan Commercial Bank (JCB) has received the necessary approval from the Jordan Securities... Read full article »
Emirates NBD eyeing overseas expansion opportunities
Rick Pudner, chief executive of Dubai's largest bank, Emirates NBD has said the lender is looking... Read full article »
BLOM's Syrian unit hit by unrest
Saad Azhari, general manager of Lebanese lender Blom Bank has said Syria's civil war has shrunk... Read full article »
Citi plans to reduce sales and trading jobs: report
Citigroup Inc. is preparing to cut 300 sales and trading jobs globally in 2012, as part of its... Read full article »
Saudi insurer opens retail outlet in Bahrain
Saudi National Insurance Co (SNIC) has opened the company's first retail outlet in Bahrain... Read full article »
Bank loans, services available only to Emirates ID card holders
The UAE central bank has instructed banks in the country to not provide loans or other bank... Read full article »
Jordanian lenders to cover employees' cash subsidy costs
Jordanian, Arab and international banks operating in the country have decided to cover the costs... Read full article »
