Tuesday 28 April 2015
 
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Abu Dhabi Commercial Bank

Cheap oil slows projects in Saudi Arabia, UAE

Low oil prices are slowing new economic projects in Saudi Arabia and the UAE but project awards have accelerated in Qatar and Kuwait, Abu Dhabi Commercial Bank said on Thursday in a report showing the mixed impact of cheap oil on the Gulf.

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ADCB wins top corporate governance award

Abu Dhabi Commercial Bank (ADCB) has won the “Best Corporate Governance Award” for 2015 by leading magazine World Finance. The World Finance Corporate Governance Awards highlight companies that serve as a benchmark for

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ADCB Q4 profit jumps 29pc to $277m

Abu Dhabi Commercial Bank (ADCB) made a net profit of Dh1.02 billion ($277.7 million) in the three months of 2014 versus Dh793.1 million in the corresponding period of 2013, marking a rise of 28.9 per cent according to Reuters calculations.

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ADCB to open new Singapore office

Abu Dhabi Commercial Bank (ADCB) will open a representative office in Singapore this year as part of its plans to expand in southeast Asia, the bank said on Saturday. The fourth-largest lender in the United Arab Emirates by assets

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ADCB picks banks for 5-year benchmark bond

Abu Dhabi Commercial Bank aims to price a benchmark-sized five-year bond on Monday after releasing initial price guidance for the dollar-denominated trade, a document from lead arrangers said. The transaction, for which books have

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ADCB picks Deutsche Bank financial app

Deutsche Bank and Abu Dhabi Commercial Bank (ADCB) have signed a Memorandum of Understanding to use Deutsche Bank’s Autobahn App Market, the first App-based electronic offering for clients in the financial industry. With 165

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ADCB sells $300m of subordinated bonds

Abu Dhabi Commercial Bank will sell $300 million in a subordinated bond on Wednesday, according to the deal arranger, just over two months after its last debt markets outing. The lender had aimed to issue a benchmark-sized subordi

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ADCB partners with Palm Utilities

Abu Dhabi Commercial Bank (ADCB) has announced the implementation of a cash management program with Palm Utilities, a Dubai World Company established in 2007 to provide top utility solutions. The cash management solution is in lin

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ADCB buys back $313m shares

  Abu Dhabi Commercial Bank, the UAE's third-largest lender by market value, bought back shares worth Dh1.15 billion ($313.1 million) at the end of last week, the bank said in a statement on Sunday.  

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ADCB posts 5pc rise in Q1 profit

Abu Dhabi Commercial Bank (ADCB) posted a net profit of 903 million dirhams ($245.8 million) in the three months to March 31, up from 861 million dirhams in the prior-year period, marking a 5 percent rise. Four analysts polled by Reuter

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