CBD reports Net Profit of AED 431 M
Commercial Bank of Dubai (CBD) today reported its financial results for the first quarter of 2022. Commercial Bank of Dubai has delivered a net profit of AED 431 million for the first quarter of 2022, up 32.6% compared to the first quarter of 2021. Higher revenue across Net Interest and Other Operat
Bank Muscat posts Net Profit of RO 48.26 M for Q1 2022
Bank Muscat, the flagship financial institution in the Sultanate, has announced its preliminary unaudited results for the three months ended 31 March 2022. The Bank posted a net profit of RO 48.26 million for the period compared to RO 47.15 million reported during the same period in 2021, an increas
3-year old wins BD 100 K Thimaar Quarterly Grand Prize
Ithmaar Bank, a Bahrain-based Islamic retail bank, presented the BD100,000 quarterly Thimaar grand prize for March to a three-year old Bahraini child, Husain Ali Mohamed.
Bank Muscat organises Seminar on Marketing for Najahi Customers
The Micro, Small and Medium-sized Enterprises (MSME) sector has been playing an important role in the creation of jobs and driving global economic growth and development. Hence, the sector has received keen support from Bank Muscat, the leading financial services provider in the Sultanate, in line w
Bank Muscat AGM elect Board of Directors and Approves 35% Dividend
During the AGM, shareholders of the bank elected by acclamation the board of directors for a three-year term (2022-2025). Shareholders of the Bank also granted their approval for the pay-out of 35% dividend for 2021, including a cash dividend of 30% and 5% dividend as bonus shares.
CBD the First Bank to Host its AGM at Expo 2020
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, announced that its board of directors and shareholders approved the ordinary and special resolutions during the Annual General Assembly (AGM) held at the Expo Dubai 2020 on 16 March 2022. CBD was the first bank to host its AGM at E
Russian Banks rush to switch to Chinese Card System
Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system coupled with Russia’s own Mir network, after Visa and MasterCard said they were suspending operations in Russia.Announcements regarding the switch to UnionPay came o
Bank Audi Closes Over 30 British-Held Accounts after uk Ruling-Depositors’ Group
Lebanon’s Bank Audi has closed more than 30 accounts belonging to UK nationals or their close relatives since a London court ordered it to transfer funds stuck in the crisis-hit banking sector to a British client, a depositors’ union said. The Feb. 28 order requiring Bank Audi and its pe
Russia’s Sberbank faces
Closure after Savers
Demand Money
The European arm of Sberbank, Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.Western allies have taken unprecedented steps to isolate Russia’s economy and financia
U.S. Banks prepare for
Cyber-Attacks after
Russia Sanctions
U.S. banks are preparing for retaliatory cyber-attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine, cyber experts and executives said.Tensions between Russia and the West escalated on Saturday as the United States and its allies moved to block some Russ