Wednesday 12 December 2018
 
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FAB launches new brand for its Islamic business

First Abu Dhabi Bank (FAB), the UAE’s largest bank, announced today that it is launching a new FAB Islamic logo inspired by the FAB Brand Identity and that its wholly-owned subsidiary, Abu Dhabi National Islamic Finance (ADNIF), has chan

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FAB posts 16pc surge in Q3 net profit to $816m

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has reported third quarter earnings at Dh3 billion ($816 million), up 16 per cent year-on-year, a media report said.

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ADSSSA, FAB launch digital payment platform

The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) has launched its ‘Abu Dhabi Government Digital Payment platform’ (ADPay) at the recently concluded Gitex Technology Week 2018, in Dubai. Launched in collabo

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FAB named safest bank in Middle East

First Abu Dhabi Bank (FAB) has been named “Safest Bank in the Middle East” for the second year running at Global Finance magazine’s Best Banks Awards. FAB was also recognised as one of the ‘World’s 50

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19 listed UAE banks post $2.9bn in Q1 profit

Nineteen UAE banks posted Dh10.7 billion ($2.9 billion) in net profit during Q1 2018, up 12.3 per cent from Dh9.52 billion during the same period in 2017, according to official figures released recently. Banking analysts attribute

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FAB reports record Q1 profit of $816m

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has reported a record net profit of Dh3 billion ($816 million) for the first quarter of 2018, up two per cent year-on-year and six per cent quarter-on-quarter. Operating in

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Aldar, FAB sign escrow deal for new development

Aldar Properties of Abu Dhabi has signed an escrow agreement with First Abu Dhabi Bank (FAB), enabling the leading property developer to provide escrow services for buyers of its newly-launched masterplanned development, Alghadeer.

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FAB refutes allegations over Qatari rial

First Abu Dhabi Bank (FAB) has refuted allegations that it had conducted any transaction with the intent to manipulate the Qatari riyal.   In a statement, FAB said: “Following recent media speculation, we a

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FAB launches full-feature digital wallet

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched ‘payit’, the country’s first fully-featured digital wallet. The safe a

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FAB revises world growth forecast to 4pc for 2018

First Abu Dhabi Bank (FAB), the UAE’s largest bank, is expecting world growth forecasts to be revised upwards, to 4.0 per cent for 2018, led initially by the developed nations, the bank said in its Global Investment Outlook 2018.

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