Friday 19 April 2019

NBB net profit up 3.6pc to $54.3m

National Bank of Bahrain (NBB) today announced a net profit of BD20.4 million ($54.3 million) for the first quarter of this year, ended March 31, an increase of 3.6% compared to BD19.7 million ($52.4 million) during the prior year period.     Operating


Investcorp tours four emerging Asian economies

A senior delegation from Investcorp, a leader in alternative investment products, recently toured four emerging Asian economies as the firms’ Asian based investors’ assets under management (AUM) grows to 10 percent (over $2.5 billion) of its global AUM. The delegation


Emirates NBD Q1 net profit up 15pc to $735m

Emirates NBD, a leading bank in the region, has posted a rise in net profit of 15 per cent year-on-year (y-o-y) and 15 per cent quarter-on-quarter (q-o-q) to Dh2.7 billion ($735 million) during the first quarter of the year, driven by an increase in total income, loan growth and stable margins.


Bahrain launches fintech talent programme

Bahrain FinTech Bay, a leading fintech hub in Middle East, recently kicked off its National FinTech Talent Program (FTP) with its first batch of 25 Bahraini candidates. The first cohort will be part of a specialized roadmap that will offer unique opportunities to develop their pr


Abu Dhabi's GDP soars 14.4pc to top $253bn in 2018

Abu Dhabi's gross domestic product (GDP) at current prices increased by 14.4 per cent, from Dh813.6 billion ($221.5 billion) in 2017 to Dh931 billion ($253.5 billion) in 2018, according to Statistics Centre - Abu Dhabi (SCAD). The rise in the GDP was driven by the increase of


Citi inaugurates new offices at ADGM

Citi, a leading global bank, has announced the opening of its new offices at the Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre. Ahmed Ali Al Sayegh, ADGM chairman, attended the inauguration ceremony, joining Citi executives David Livingstone, CE


ENBD marks listing of $1bn bond on Nasdaq Dubai

Hesham Abdulla Al Qassim, vice chairman and managing director of Emirates NBD (ENBD), one of the region’s leading banks, rang the market-opening bell today at Nasdaq Dubai to celebrate the listing of a $1 billion conventional bond. The capital raised by the issue supports E


Positive mind-set ‘key to business success’

A group of GCSE students have been told by a Dubai-based young business leader that the only thing holding them back from future entrepreneurial success is their state of mind. Omar Jackson, partner at international private equity firm Berkeley Assets, spoke to Year 10 and Year 1


Arabian Centres launches IPO on Tadawul

Arabian Centres Company, a leading owner, developer and operator of lifestyle shopping centres in Saudi Arabia, said it plans to proceed with an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). The offering is expected to comprise a combination of existing and


2,000 experts to attend Riyadh finance summit

Over 2,000 financial and business leaders are expected to attend the upcoming first Financial Sector Conference (FSC) in Riyadh, Saudi Arabia. The conference will be held under the patronage of King Salman Bin Abdulaziz Al Saud on April 24 and 25 at the King Abdul Aziz Internatio

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