Tag: Banking
Emirates NBD doubles foreign ownership limit to attract global investment
UAE's biggest banking group Emirates NBD has declared that the bank has received necessary clearance and approval to double its foreign ownership limit (FOL)...
UAE firms seriously hit by COVID-19; HSBC Survey
Many UAE companies are facing challenges caused by the coronavirus pandemic, and are expected to make certain operational changes to overcome the impact of...
Qatar’s Ahlibank reports $80.7mn profit for H1 2020
Qatar-based Ahli Bank QSC (Ahlibank) has reported a net profit of $80.75mn for the first half of 2020.
Hassan Ahmed Al AlEfrangi, Ahlibank’s CEO highlighted...
Masraf Al Rayan earns $296.62 Mn profit for H1 2020
Qatar-based Islamic bank Masraf Al Rayan has reported a 0.5% Year on Year rise in its profits for the first half of the year...
Bahrain’s KHCB reveals “All-in-One” app to manage funds across banks
One of the leading Islamic Banks in the Bahrain, Khaleeji Commercial Bank (KHCB) will provide its open banking service to clients through its “Khaleeji...
Qatari banks need a 3-pronged strategy to transition from Libor: KPMG
Global consultants KPMG Qatar recommends Qatari banks to have an initial three-pronged transition strategy as regulators across the globe plan for a migration away...
Global banks could loss $2.1 trillion by 2021; S&P Global Report
Global credit rankings agency, Standard and Poor (S&P) estimates that banks around the world will face a combined credit loss of $2.1 trillion by...
UAE banking sector can tackle any macro-financial shocks; Central Bank
The Central Bank of the UAE (CBUAE)'s recent Financial Stability Report (FSR) states that the UAE's banking sector can withstand any form and size...
