banking

  • al khaliji, Shafallah Center and Qatar Autism Families Association organized an awareness session about Autism

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in line with its commitment to the high morale of the community and spreading knowledge about important issues that affect the wellbeing of its members, recently organized a special event for its staff to raise awareness about Autism in society, in collaboration with Shafallah Center and Qatar Autism Families Association.

  • al khaliji’s seminar on Trade Finance attracts more than 40 chartered accountants from Qatar’s prominent firms

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C has recently delivered a seminar on the “Technical Aspects of Trade Finance” at the Raddison Blu Hotel in Doha. This seminar reinforces the bank’s commitment to educate industry professionals to remain well informed and knowledgeable in banking & trade finance business.

  • Al Masraf Bank wins prestigious ‘STP Excellence Award’ from Commerzbank AG for second time in a row

    The Arab Bank for Investment and Foreign Trade (Al Masraf) Al Masraf Bank, one of the UAE’s premier banking institutions, has been conferred the ‘Straight Through Processing (STP) Excellence Award’ by Commerzbank AG for the second consecutive year. The annual award recognizes the outstanding achievements and practices of international financial institutions that ably meet the rigorous criteria and guidelines specified in managing online banking transactions and financial transfers.

  • Al Masraf Bank wins prestigious ‘Straight Through Processing’ STP Excellence Award’ from ‘Commerzbank AG’

    Al Masraf Bank, one of the UAE’s premier banking institutions, has been named as the winner of this year’s Straight Through Processing (STP) Excellence. The award reflects the Bank’s consistently high SWIFT standards, which facilitate automated processing throughout the payment process, which is highly reflected in its recent achievement of 99.41 per cent STP rate in 2014.

  • Al Masraf participates in 7th Annual Car Free Day 2016

    The Arab Bank for Investment and Foreign Trade (Al Masraf) participated in the 7th Annual Car Free Day which was held across Dubai. The yearly event has been organized under the patronage of H.H. Sheikh Hamdan Bin Mohamed Bin Rashid Al Maktoum Crown Prince of Dubai, in line with the national efforts to reinforce Dubai’s position as one of the most environmentally friendly cities in the world and the strategic goal to position itself as a highly preferred choice by customers and its partners in the move to further advance economic and social development.

  • Al Masraf profit during first half of 2015 increases by 13 per cent to AED 182 million

    The high-quality assets of Arab Bank for Investment and Foreign Trade (Al Masraf) has jumped to over AED 14.02 billion 40 years after its inception, while its credit portfolio remains of high quality and comprises high-net-worth customers inclusive of major companies and business groups. Al Masraf has grown remarkably over the past years by financing business and trade industries and investing in a variety of commercial projects across the UAE all of which have helped boost the bank’s financing portfolio to more than AED 8.5 billion by the first half of 2015.

  • Al Masraf profits increase by 11 per cent to AED 405 million in 2015

    The Arab Bank for Investment and Foreign Trade (Al Masraf) recorded a net profit of AED 405 million in 2015—reflecting a growth of 11 per cent as compared to the AED 366 million profit it posted in 2014. The company’s operating profit also rose by 13 per cent to AED 437 million. The remarkable growth of the profits is a result of Al Masraf’s move to expand its loan portfolio by 28.2 per cent to reach AED 9,43 billion in 2015. The bank also achieved positive results in consolidating its client base and boosting its ability to attract and utilize deposits. In 2015, clients’ deposits increased by 9 per cent to reach AED 9,5 billion, while the assets jumped to AED 15 billion with a growth of 5 per cent.

  • Al Masraf’s HR Department ISO-Certified for Quality Management System Excellence

    The Arab Bank for Investment and Foreign Trade (‘Al Masraf’), one of the UAE's premier banking institutions, has announced that its Human Resources (HR) Department has been certified to ISO 9001:2015 by ABS Quality Evaluations-USA. The recognition affirms the department’s exceptional ability to consistently develop and manage Human Capital to achieve the bank’s Vision, Mission and Objectives.

  • Alawwal bank redefines what branch banking means in the digital age

    Continuing to lead the innovation space in the financial industry and delivering truly digital banking solutions, Alawwal bank has unveiled its new digital branch in the form of a coffee shop that aims to set the global benchmark for branch banking.  Committed to delivering a superior digital customer experience, the Bank has redefined a traditional distribution model into a state-of-the-art café facility that offers customers the ability to open an account and get an instant credit card, in under seven minutes, whilst enjoying a cappuccino and croissant from its partner Costa Coffee. The Ibda café is set to be a key disruptor in how banks engage with their customers in the Kingdom of Saudi Arabia and has launched this pivotal concept in the Nakheel mall in Riyadh.

  • Alawwal bank wins 'Best Retail Bank' in Saudi Arabia at the Asian Banker awards

    Alawwal bank was named the 'Best Retail Bank' in Saudi Arabia 2017 at the Asian Bankers, International Finance Excellence Awards held at the Ritz Carlton in Dubai on 20 April.

  • alkhaliji celebrates Qatar National Day with a lucrative salary-transfer campaign

    Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, as part of its Qatar National Day (QND) celebrations this year, is offering qualified employees a valuable selection of exclusive benefits upon transferring their salaries to al khaliji.

  • Arab Bank Group announces a net Profit of USD 424.9 millionin the first half of 2016

    Arab Bank Group delivered solid financial results for the period ending June 2016, recording net profit after taxes and provisions of USD 424.9 million compared to USD 422.9 million for the same period last year. The results were drivenby the Bank’s well diversified businessmodelwhich enables itto perform consistently and withstandthe volatile market challenges.

  • Arab Bank Group first quarter profits grow by 5.2% to $ 231.8 million

    Arab Bank Group announced its results for the first quarter of 2019 reporting 5.2% growth in net profit after tax of $231.8 million as compared to $220.3 million in 2018, with net income before tax increasing by 9.1% to reach $312.8 million. Group equity stood at $ 8.5 billion, while loans increased to reach $25.8 billion and deposits increased to $33.7 billion.

  • Arab Bank Group profits grow by 7% to $643 million for nine month 2018

    Arab Bank Group reported net income after tax for the nine month period ended 30 September 2018 of $643 million compared to $601 million in the prior period, recording a growth of 7%. The Group’s net income before tax grew by 8% to reach $865 million with net operating income reaching $ 988 million and recording a growth of 9%.

  • Arab Bank Group reports 20% growth in net profits and the Board of Directors recommends 30% distribution of Dividends

    Arab Bank Group announced its 2016 results reporting a growth of 20% in net profits. Net operating income before provisions and taxes exceeded US $1.1 billion, whilst the Group’s net profit after tax reached USD 533 million for the year 2016 as compared to US $ 442 million for 2015.

  • Arab Bank Group reports profits of $436 million for first half of 2018

    Arab Bank Group reported net income after tax for the six months period ended 30 June 2018 of $ 436 million compared to $415 million in prior period, recording a growth of 5%. The Group’s net income before tax grew by 6.4% to reach $582 million with net operating income reaching $ 668.5 million and recording a solid double digit growth of 13%.

  • Arab Bank Group Reports USD 617.9 Million in Net Profits for the Third Quarter of 2016

    Arab Bank Group continued to achieve robust results during 2016, reporting net profit after tax and provisions for the period ending September 2016 of USD 617.9 million, compared to USD 615.1 million in the same period last year, while the Group’s net profit before tax reached USD 815.8 million. The Bank maintains a healthy capital base with shareholders equity standing at USD 8.3 billion.

  • AUB named ‘Best Regional Bank - GCC 2016’ by Capital Finance International for second time

    Ahli United Bank B.S.C. (AUB) has been named ‘Best Regional Bank – GCC 2016’ by Capital Finance International. This is the second time AUB has won this prestigious award from the London based publication following the first award in 2014.

  • AUB named “Best Private Bank in Bahrain 2016” by FT’s Global Private Banking Awards for third consecutive year

    Ahli United Bank has been named "Best Private Bank in Bahrain” at the prestigious Global Private Banking Awards 2016 ceremony held recently in London.  The award is jointly announced by The Banker and PWM (Professional Wealth Management) magazines, the industry’s leading publications of the Financial Times Group.

  • Awqaf and Minors Affairs Foundation Signs Agreement with Islamic Development Bank to Enhance Collaboration on Endowment Projects, Initiatives

    Awqaf and Minors Affairs Foundation (AMAF) has signed a Memorandum of Understanding (MoU) with the Islamic Development Bank (IDB) to step up collaboration in areas related to endowment services and investments with a focus on supporting development goals and enhancing the prosperity of Muslim societies. The agreement is in line with the Foundation’s efforts to boost endowment work worldwide.