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Bank Muscat inks cooperation pact with Shinhan Bank
Bank Muscat has signed a memorandum of understanding with Shinhan Bank, the first cooperation... Read full article »
Bank Sohar to launch rights issue today
Bank Sohar has said its rights of issue for 100 million shares will be open for subscription from... Read full article »
Omani regulator approves additional activities by Ahlibank
Oman-based lender Ahlibank has received a licence from the Capital Market Authority (CMA) to... Read full article »
Yes Bank to open first offshore branch in Dubai
Indian private sector lender Yes Bank has announced it would open its maiden offshore branch and... Read full article »
Bank Nizwa commences operations
Oman's first Islamic lender Bank Nizwa has unveiled plans to have eight branches by the end of... Read full article »
Qatar Foundation acquires AUB's Ahli Bank stake
Bahrain's largest listed lender, Ahli United Bank (AUB) has sold most of its 33% stake in Qatar's... Read full article »
Banks propose 60% loan-to-value limit
Banks in the UAE are expected to submit their proposals to the central bank today regarding the... Read full article »
Emirates Islamic to launch $408m rights issue
Emirates NBD, Dubai's largest listed bank, has announced its Islamic unit plans to begin a Dhs1.... Read full article »
Oman raises fees for financial firms
Oman's central bank has revised from January 1, 2013, the fee structure for application and... Read full article »
Bank Sohar posts 59% jump in 2012 net profit
Omani lender Bank Sohar has reported a 58.73% year-on-year jump in net profit for the full-year... Read full article »
BMB says repaid $17.4m legacy debt
Bahrain Middle East Bank (BMB) has announced the full repayment of a $17.4m legacy debt... Read full article »
Banque Saudi Fransi posts 22.2% jump in Q4 net income
Banque Saudi Fransi (BSF), part-owned by Credit Agricole, has said its fourth-quarter net profit... Read full article »
Some Saudi lenders' websites hacked
Hackers from outside Saudi Arabia have successfully withdrawn large sums from Saudi bank... Read full article »
Implementation of LCR rule postponed
Global central bank chiefs have agreed to delay the implementation of a planned bank liquidity... Read full article »
Qatari banks now have access to customers' credit info
Qatar Credit Bureau (Qatar CB) has said banks operating in the country can rate customers based... Read full article »
