Wednesday 25 April 2018
 
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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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FAB gets licence to set up Saudi subsidiary

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has secured a licence from the Capital Market Authority (CMA) to establish an investment banking subsidiary in Saudi Arabia, “FAB Investment KSA”. The subsidiar

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FAB named UAE Asset Manager of the Year

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has been named UAE Asset Manager of the Year by the Global Investor Group. FAB representatives receiv

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ADGM-regulated $2bn feeder fund for India launched

Next Orbit Ventures (NOVF) ESDM, the newly launched Abu Dhabi-based fund established under the Abu Dhabi Global Markets (ADGM) jurisdiction, has announced the launch of a $2 billion fund for building semiconductors and electronics fab ecosyste

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First Abu Dhabi Bank posts $2.2bn 9-month profit

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has reported a net profit of Dh8.09 billion ($2.20 billion) for the nine-month period ended September 2017, down 4

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FAB awards luxury cars to customers

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has awarded luxury cars to three customers, as part of a recent Credit and Debit Spend Campaign. Rauda Al Qubais

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FAB named 'Most Innovative Investment Bank'

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named ‘Most Innovative Investment Bank’ for the Mena region, at The Banker’s prestigious 2017 Invest

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