Thursday 28 March 2024
 
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Dubai Bank

Fee income fall dents profit at Mashreq

Dubai's third-biggest lender by assets Mashreq posted a 7.6 per cent fall in third-quarter net profit on Wednesday as a drop in income from fees offset stronger profits from loans. The lender made a net profit of Dh551.4 milli

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Mashreq Q2 net profit up 11pc to $176m

Mashreq, Dubai's third-biggest lender by assets, on Wednesday posted an 11 per cent rise in second-quarter net profit. The lender made a net profit of Dh649 million ($176.6 million) for the three months to June 30, according t

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Diamond prices firm as Dubai banks aid funding

Miner Gem Diamonds expects firm prices this year after they rose at its first auction of 2015 last week as Dubai banks help fill a funding gap for manufacturers, chief executive Clifford Elphick said on Monday. Diamond prices weak

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Mashreq Q2 profit up 25pc driven by fee income

Mashreq, Dubai's third-biggest lender by assets, posted a 25.7 percent rise in second-quarter net profit on the back of higher fee income, the latest bank in the United Arab Emirates to report strong quarterly numbers. The ban

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Emirates Islamic, Dubai Bank complete integration

Emirates Islamic Bank has announced that it has successfully completed the integration of Dubai Bank customers, branches and operations into its platform. To date, most branches have been converted to Emirates Islamic Bank systems

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EIB working on Dubai Bank integration

Emirates Islamic Bank (EIB), the Islamic banking arm of EmiratesNBD Group, said the ongoing integration of Dubai Bank‘s branches and operations will lead to the creation of stronger, more resilient proposition for customers.

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EIB, Dubai Bank offer free air tickets

Emirates Islamic Bank (EIB) and Dubai Bank, part of the Emirates NBD Group, said they will be giving away return air tickets to customers who avail personal finance of Dh75,000  ($20,419) and above. This offer is available to customer

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New Kazakh bride becomes millionaire

A newly-married bride from Kazakhistan, Botagoz Alzhanova, won Dh1 million ($27,224) grand prize in the monthly Kunooz savings account draw conducted by Dubai Bank this April. Dubai bank said Alzhanova, a 36 year-old Kazakh national who ha

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New Kazakh bride becomes millionaire

A newly-married bride from Kazakhistan, Botagoz Alzhanova, won Dh1 million ($27,224) grand prize in the monthly Kunooz savings account draw conducted by Dubai Bank this April. Dubai bank said Alzhanova, a 36 year-old Kazakh national who ha

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ENBD seeks approval for Islamic units' merger

Emirates NBD, Dubai's largest lender, is seeking approval from three government bodies to merge its two Islamic banking units, sources told Reuters on Monday. The bank is aiming to combine its Emirates Islamic Bank arm with Dubai Bank,

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