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Saudi’s NCB record a 24% rise in Q3 net profits

National Commercial Bank (NCB), a leading financial institution in Saudi Arabia, posted a 24 percent increase in third-quarter net profit as net commission income...

Qatar’s QIIB enters Phase 3 of SWIFT gpi implementation

Months after the successful launch of its ‘SWIFT gpi’ payment system in February, Qatar International Islamic Bank (QIIB) launched the third phase of the...

Emirates NBD beats COVID-19 blues with $1.52bn net profit

The Dubai government-owned bank Emirates NBD recorded a net profit of $1.52 billion in the first nine months of 2020 despite the critical economic...

Qatar Islamic Bank & its CEO wins big at Asian Banker...

The first Islamic bank in Qatar, Qatar Islamic Bank (QIB) earned two top awards at the Asian Banker Leadership Achievement Awards 2020.  At a virtual...

Tough 18 months ahead for GCC Banks; S&P

American credit rating agency, S&P Global Ratings has observed that banks in the GCC region face an uphill battle in the next 18 months...

HSBC pledges net-zero carbon emission by 2050

The British multinational investment bank HSBC has pledged for net-zero carbon emissions across its entire customer base by 2050 at the latest and to...

“70% UAE residents are actively looking for a new bank:” Study

According to new research by Boston Consulting Group (BCG), a US-based management consulting firm, 70 percent of UAE residents are actively looking for new...

Citi Group finds its first woman CEO in Jane Fraser

Jane Fraser, head of consumer banking at Citigroup Inc will be the first woman to become its Chief Executive Officer. She will take the reins...
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