Saudi’s Al Rajhi Bank First-Half Profit Dragged Down by 48.5% Rise...
Al Rajhi Bank on Thursday (July 23) reported 4.816 billion riyals ($1.284 billion) in profit for the first six months of the year, a...
Major Gulf Stocks Subdued as Banks Weigh on Dubai
Major stock markets in the Gulf were subdued on Thursday, with Dubai hurt by losses in its banking shares. Saudi Arabia's benchmark index was...
Saudi Arabia’s SABB Offers $1.33bln Local Sukuk
Saudi British Bank (SABB) has completed the first offering of Tier II SAR-denominated Sukuk for private placement in Saudi Arabia under its local Sukuk...
Boubyan Launches Fitbit Pay & Garmin Pay Services
Boubyan Bank has recently announced the launch of its new payment service for its Visa debit, credit and pre-paid cardholders, using Fitbit and Garmin...
Dubai Islamic Bank Net Profit Falls 27%
Dubai Islamic Bank's (DIB) second-quarter net profit fell 27% from a year ago as net impairment charges jumped 68%, though they eased from last...
Al Salam Bank Partners With Bahrain Bourse and Central Bank of...
Al Salam Bank-Bahrain (Al Salam Bank) has signed an agreement with the Bahrain Bourse and Central Bank of Bahrain (CBB) to offer an innovative...