Monday 26 September 2016
 
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Ahli United approves 18pc cash dividend distribution

Ahli United Bank has approved the distribution of a cash dividend of 18 per cent (4.5 cents per share) together with bonus shares of five per cent for shareholders at its recently held Annual General Meeting and the Extraordinary General Meeti

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Ahli United Bank launches operations in DIFC

Ahli United Bank has launched operations at the Dubai International Financial Centre, as the first bank in the GCC to receive the Category 1 license from the Dubai Financial Services Authority (DFSA).   On openin

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United Gulf posts $11.2m gains

United Gulf Bank (UGB)’s profit for last year decreased to $11.2 million compared to $18.8 million in 2014, with a similar decrease in basic earnings per share to 1.38 cents from 2.31 cents in 2014, said a report in the Gulf Daily Ne

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Ahli United gets approval for 40pc Mefic Capital stake buy

Ahli United Bank has received regulatory approval to acquire a 40 per cent stake in Saudi Arabian investment firm Mefic Capital, according to a statement.   No value was given for the transaction, which makes the

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Bahrain stands united with GCC in defending security

Bahrain stands united with other Gulf countries in defending their security and stability and staving off mounting challenges, the Premier said. He described the six-member GCC bloc as one entity bound together in addressing all issues that st

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United Airlines cancels Dubai service

United Airlines has announced it is discontinuing its Washington Dulles to Dubai route, effective January 23, 2016. The decision comes following the US government's General Services Administration (GSA) announcement that all federal

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Ahli United named best Mideast private bank

Ahli United Bank has been recognised as ‘Best Private Bank in the Middle East’ by Global Finance, a leading international banking and finance publication.    AUB as well as its associate bank in

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United Gulf Bank posts net profit of $6m

Bahrain–based United Gulf Bank (UGB), the merchant banking subsidiary of Kuwait’s Kipco Group, has reported a net profit of $6 million for the nine months ended September 30, lower by 62 per cent when compared with net profit of $1

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United Arab Bank chief steps down

United Arab Bank chief executive officer Paul Trowbridge has left the Abu Dhabi-listed lender, three sources aware of the matter told Reuters on Friday.   Two of the sources said that Trowbridge, who has held the

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L&G Group sells 50pc stake to Ahli United Bank

The Legal and General Group has decided to sell its 50 per cent stake in Legal and General Gulf (LGG), to its Bahrain-based joint venture with Ahli United Bank (AUB) specialising in the extension of conventional and Sharia-compliant life insur

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