Friday 30 January 2015
 
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Bahraini students develop bank security system

A voice-activated security system that automatically alerts the police when would-be bank robbers attack, has been developed by two Bahrain University (UoB) students. The system, devised by Bahrainis Mohammed Basiouni, 22, and Kam

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Ithmaar website bags top international awards

Ithmaar Bank, a Bahrain-based Islamic retail bank, has won two international awards for its website. In a statement, the bank said its website won two silver awards at the W3 Awards - the first in the general website category for

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Bank Dhofar mulls options for up to $300m capital raising

Bank Dhofar, Oman's third-largest lender by assets, plans to raise its capital by up to $300 million at the earliest opportunity, with a Tier 1 capital-boosting bond its preferred method, the bank said in a statement. It is th

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Al Baraka plans mechanism to measure financing impact

Al Baraka Banking Group plans to apply a new mechanism designed to measure the direct impact of financing provided by its banks on the communities they serve, the bank's top official has said. Al Baraka Banking Group president

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Mashreq profit jumps; bank eyes Citi's Egypt unit

Mashreq is holding talks with Citigroup about acquiring its retail banking business in Egypt and is targeting net profit growth in 2015 of between 6 per cent and 10 per cent, the Dubai bank's chief executive said on Sunday. Ab

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Emirates NBD Q4 profit jumps 82pc

Emirates NBD (ENBD), Dubai's largest bank, on Sunday reported a 82 per cent leap in fourth-quarter net profit, broadly in line with analysts' forecasts, because of strong growth across its business as the emirate's economy boomed.

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Arab National Bank posts $767m net profit for 2014

Arab National Bank (ANB) has reported a net profit of $767million for last year compared to $673 million in the previous year, according to a report. The total operating income reached $1.4billion compared to $1.3billion for the s

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Mumtalakat signs $500m credit facility

Bahrain's sovereign wealth fund Mumtalakat has signed a $500 million credit facility with a total of six banks. The participating banks are BNP Paribas, Deutsche Bank Luxembourg, Standard Chartered Bank's Dubai Internation

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NCB Q4 profit rises 1.7pc, misses forecast

Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest bank, posted a 1.7 per cent rise in fourth-quarter net profit, it said on Wednesday, but missed analysts' forecasts. The lender made a net profit of

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Samba Q4 net profit up 22.5pc, beats forecasts

Samba Financial Group, Saudi Arabia's fourth-largest bank by assets, posted a 22.5 per cent rise in its fourth-quarter net profit, it said in a bourse statement on Tuesday, beating analyst forecasts. The bank said it made SR1.

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