Qatar Commercial Bank Q4 net rises 33%

Andrew Stevens, CEO of Commercial Bank of Qatar, has said its net income had climbed to QR186m ($... Read full article »
Qatar: Wednesday, January 20 - 2010 at 09:14

Corporate credit still 'tight' in Saudi

A new report by Samba Financial Group, Saudi Arabia's second largest bank, has said that... Read full article »
Saudi Arabia: Tuesday, January 19 - 2010 at 09:23

NBK plans capital hike

National Bank of Kuwait has announced plans to raise its capital by 10% through a rights issue by... Read full article »
Kuwait: Tuesday, January 19 - 2010 at 09:22

National Bank of Oman profit drops 43%

Full-year profit of National Bank of Oman fell 43%, as expenses rose and operating income... Read full article »
Oman: Monday, January 18 - 2010 at 09:18

Barwa Bank buys The First Investor

Qatar-based Barwa Bank, a unit fully owned by Barwa Real Estate, has said it has received the... Read full article »
Qatar: Monday, January 18 - 2010 at 09:14

Commercial Bank of Kuwait's board resigns

Commercial Bank of Kuwait has announced that all its board members resigned last week but it did... Read full article »
Kuwait: Monday, January 18 - 2010 at 09:12

Ahli Bank releases new SME credit product

Oman-based Ahli Bank has unveiled a new services package designed to attract small and medium-... Read full article »
Oman: Sunday, January 17 - 2010 at 10:19

Al Rajhi posts Q4 profit

Saudi Arabia's largest lender, Al-Rajhi Bank, has reported a 3.2% rise in fourth-quarter profit,... Read full article »
Saudi Arabia: Sunday, January 17 - 2010 at 10:02

EFG-Hermes eyes to sell Bank Audi stake

Egypt-based EFG-Hermes Holding SAE has said it is in talks to sell its four year-old $913.4m... Read full article »
Egypt: Saturday, January 16 - 2010 at 10:08

Syria: Foreigners can own majority bank stakes

Adib Mayaleh, the governor of the Syrian central bank has announced that foreign investors will... Read full article »
Syria: Thursday, January 14 - 2010 at 09:24

GCC banks up bad debt provisions

Kuwait Financial Centre (Markaz) has said that provisions taken by GCC-based lenders against bad... Read full article »
Middle East: Thursday, January 14 - 2010 at 09:20

Three new banks to begin operations in Jordan

A Jordanian official has announced that Jordan Dubai Islamic Bank, National Bank of Abu Dhabi and... Read full article »
Jordan: Wednesday, January 13 - 2010 at 09:32

Burgan Bank gets OK to boost capital

Kuwait's Burgan Bank has announced that shareholders and the central bank have given their... Read full article »
Kuwait: Wednesday, January 13 - 2010 at 09:30

Oman banks have surplus for lending, says CB governor

Hamud Al-Zadjali, governor of Oman's central bank, has said that banks in the Sultanate are ready... Read full article »
Oman: Tuesday, January 12 - 2010 at 09:33

Saudi banks hit by lending slowdown, provisions

Fourth-quarter earnings posted by two Saudi lenders were below forecasts, due to a slowdown in... Read full article »
Saudi Arabia: Monday, January 11 - 2010 at 09:28