Revealed: Top 10 banks in the UAE – Gulf Business

Things have been on the up for the GCC’s banks, which collectively recorded a better year in 2017 despite slowing economic growth in the region as a whole.Banking activity was supported by a higher oil price and continued infrastructure investment as Gulf states diversify their economies in various ways. Commercial activity in the region expanded in 2017 and consumer confidence grew, albeit slightly. As a result, our list of the region’s 50 leading banks – ranking institutions in Bahrain, Kuwait, Oman, Saudi Arabia and the UAE – recorded higher net profit in 2017. Source: Revealed: Top 10 banks in the

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Emirates NBD expands operations in Saudi Arabia – Banking & Finance,Saudi Arabia – ArabianBusiness.com

Emirates NBD expands operations in Saudi Arabia Emirates NBD is the first non-Saudi bank to have a significant branch network in the country Emirates NBD has expanded operations in Saudi Arabia with the inauguration of its first branch in Jeddah and plans for two further branches in Khobar and Riyadh, the company announced on Monday. Source: Emirates NBD expands operations in Saudi Arabia – Banking & Finance,Saudi Arabia – ArabianBusiness.com

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Britons unprepared for a potential hike in interest rates | Mortgage Introducer

With today marking one month until the Bank of England (BoE) will announce if there is to be an increase in interest rates, almost half (47%) of Britons are unaware of a possible increase. CYBG’s digital banking service B also found over half (57%) admitted to not fully understanding how a rise in interest rates will impact their financial situation. Source: Britons unprepared for a potential hike in interest rates | Mortgage Introducer

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Advisers would recommend their careers to young people | Mortgage Introducer

Four in five (80%) mortgage advisers would recommend young people follow in their footsteps, a survey conducted by education body the London Institute of Banking and Finance (LIBF) has found. The majority (86%) find helping consumers achieve their life goals the most enjoyable and rewarding part of their job. Source: Advisers would recommend their careers to young people | Mortgage Introducer

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Bank of England believes Brexit could cost 75,000 finance jobs – BBC News

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union.The BBC understands senior figures at the Bank are using the number as a “reasonable scenario”, particularly if there is no specific UK-EU financial services deal. Source: Bank of England believes Brexit could cost 75,000 finance jobs – BBC News

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