Sunday 14 February 2016
 
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Emirates NBD

Dubai private sector slows down in January

Dubai’s private sector experienced the slowest overall improvement in business conditions for almost six years in January, according to latest data. The continued slowdown in the overall performance registered 50.7 on the he

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Emirates NBD names private banking head

Emirates NBD, a leading bank in the region, has announced the promotion of Saod Obaidalla to executive vice president, head of Private Banking, assuming overall responsibility of the bank’s global private banking business. O

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ENBD loan growth to fall to mid-single digits

Dubai's Emirates NBD (ENBD) expects its loan growth to fall to a mid-single digit percentage in 2016, the bank said on Monday. This compares with loan growth of 10 per cent in 2015, the emirate's largest lender wrote in an

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Emirates NBD Q4 net profit rises 74pc

Emirates NBD (ENBD), Dubai's largest bank, posted a 74 percent rise in fourth-quarter net profit on Monday. The first lender in the UAE to announce its earnings made a net profit of Dh2.13 billion ($579.9 million) in the three

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Dubai property values set to fall in 2016, says survey

The majority of the real estate agents (47 per cent) are expecting a fall in Dubai property values in 2016, while 32 per cent forecast a rise, said a report. Real estate agents indicated a subdued end to 2015 for the Dubai propert

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UAE, Saudi non-oil business growth slows

The UAE’s non-oil private sector business activity improved at the slowest rate in 40 months during December 2015, while the same in Saudi Arabia improved at the weakest pace since 2009, a report said. The survey titled Emir

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UAE, Saudi non-oil business growth slows

The UAE’s non-oil private sector business activity improved at the slowest rate in 40 months during December 2015, while the same in Saudi Arabia improved at the weakest pace since 2009, a report said. The survey titled Emir

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ENBD launches interactive teller machine

UAE-based Emirates NBD, a leading bank in the region, has introduced a new generation Interactive Teller Machine (ITM), a first to market innovation that offers customers personalised banking experience via a video personal teller.

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Dubai’s private sector rebounds in November

Dubai’s private sector recorded a modest rebound in business conditions during November, with output, new orders and employment expanding at a faster pace than in the previous month, a report said. As a result, the headline

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UAE, Saudi see rebound in non-oil business growth

The UAE’s non-oil private sector expansion strengthened in November, having eased to a two-and-a-half year low during October, while faster growth of new work helped Saudi Arabia’s non-oil private sector to regain momentum, a report

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