Thursday 17 April 2014
 
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ADIB

ADIB closes $326m loan for Dubai theme park

Abu Dhabi Islamic Bank (ADIB) has closed a Dh1.2 billion ($326.6 million) syndicated Islamic facility for IMG Theme Park, the company behind IMG Worlds of Adventure, a mega-themed entertainment destination in Dubai.  

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ADIB to pay out half of profit as dividend

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, announced the distribution of 30.66 per cent cash dividends, which represent 50 per cent of full year net profits for 2013. The bank will also issue

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Two Abu Dhabi banks vie for Barclays UAE retail ops

Two Abu Dhabi lenders have emerged as frontrunners to buy most of Barclays' retail banking operations in the UAE, with a final decision expected next month after a competitive bidding process, banking sources said on Wednesday.

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ADIB offers smartphone industry investment

Abu Dhabi Islamic Bank (ADIB) is offering investors the opportunity to make a low-risk investment in one of the fastest growing industries in the world -- smartphone manufacturing. As part of its growing wealth management offering

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Adib offers salary transfer deal with perks

Abu Dhabi Islamic Bank (Adib), a top-tier Islamic financial services institution, has launched a new package for people who transfer their salary to Adib, including a free credit card, free remittance services and a chance to win two years&rsquo

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ADIB's profit leaps on higher revenue

Abu Dhabi Islamic Bank (ADIB) reported a 41 per cent rise in fourth-quarter net profit helped by higher revenue from its core business, beating analysts' forecasts. Banks in the UAE are reaping the benefits of a recovering eco

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Adib honoured for SME support services

Abu Dhabi Islamic Bank (Adib), a top-tier Islamic financial services institution, has been recognised as the Best Supporting Bank – SME Initiatives in the UAE by the Mohammed Bin Rashed Al Maktoum Award for Young Leaders. Th

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Gems $200m sukuk oversubscribed

A $200 million hybrid sukuk offered by Gems Education, a Dubai-based schools operator, is oversubscribed before final pricing, according to a document from lead arrangers. Initial pricing thoughts remain at a profit rate of 11.75-

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ADIB net up 20pc on higher revenue

Abu Dhabi Islamic Bank (ADIB) on Monday beat analysts' forecasts with a 20 per cent rise in third-quarter net profit, helped by higher revenue from its core business and strong year-on-year asset growth. Abu Dhabi's bigges

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Top finance firms vie for ADIB-Reuters awards

The Ethical Finance and Innovation Challenge and Awards, sponsored by Abu Dhabi Islamic Bank (ADIB) and Thomson Reuters, have attracted over 100 entries, ranging from a sharia-compliant fund supplying schools with cheap, clean energy to a new wa

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