Wednesday 23 August 2017
 
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New phase of FAB brand roll-out begins

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has confirmed that the next phase of its brand roll-out will be launched during the second half of the year. Dur

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Abu Dhabi's FAB posts H1 profit of $1.49 billion

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has reported consolidated pro-forma financial results for the first time post-merger, delivering a resilient performance amidst

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Profitability for Emirates NBD 'will remain resilient'

Profitability for the Dubai-based Emirates NBD (A3/A3 stable, ba1) will be resilient to the three main challenges facing the bank -- the loss of its market leader position, the softer economy and rising interest rates, according to Moody's I

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Ibdar Bank successfully exits fourth aviation deal

Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the successful exit of three Q400 aircraft on lease to Falcon Aviation, marking the fourth successful aviation exit by the Bank within the last two years.

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Moody's cuts nine Qatari banks' long-term ratings

Moody's Investors Service has downgraded the long-term ratings of nine banks in Qatar from stable to negative. The ratings agency also affirmed the banks' baseline credit assessments (BCA), adjusted BCAs and Counterparty Risk Assessments

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Moody's cuts nine Qatari banks' long-term ratings

Moody's Investors Service has downgraded the long-term ratings of nine banks in Qatar from stable to negative. The ratings agency also affirmed the banks' baseline credit assessments (BCA), adjusted BCAs and Counterparty Risk Assessments

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Emirates NBD gets first female Emirati CEO

Emirates NBD, a leading bank in the region, has appointed UAE national Maryam Bahlooq as the new chief executive officer of its fully-owned subsidiary Tanfeeth (getting the job done in Arabic). With this appointment, Bahlooq has b

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Emirates NBD gets first female Emirati CEO

Emirates NBD, a leading bank in the region, has appointed UAE national Maryam Bahlooq as the new chief executive officer of its fully-owned subsidiary Tanfeeth (getting the job done in Arabic). With this appointment, Bahlooq has b

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EFG Hermes posts Q1 profit of $13m

EFG Hermes, a leading financial services corporation in the Middle East and North Africa, reported today strong first quarter results, with net profit after tax and minority interest from continued operations of EGP236 million ($13.04 million).

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Bank of Sharjah Q1 profits down to $15.79m

Bank of Sharjah reported a net profit of Dh58 million ($15.79 million) for the first quarter of 2017, against Dh81 million for the same period of 2016. As a result, earnings per share for the period were down by 30 per cent and re

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