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First Abu Dhabi Bank net profit surges to $1.7bnFirst Abu Dhabi Bank (FAB), the largest bank in the UAE, has registered a net profit of Dh6.1 billion ($1.7 billion) for the first six months of 2018, up 10 per cent over last year boosted by higher foreign exchange and investment income. More… |
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UAE bank launches collateral registry systemEmirates Development Bank (EDB) has launched the Emirates Movable Collateral Registry Corporation (EMCR), a pioneering registry system aimed at helping secure creditors' rights over movable collateral in the UAE. EMCR aims to More… |
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UAE bank launches collateral registry systemEmirates Development Bank (EDB) has launched the Emirates Movable Collateral Registry Corporation (EMCR), a pioneering registry system aimed at helping secure creditors' rights over movable collateral in the UAE. EMCR aims to More… |
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Mashreq posts $653m net profit in 2015Mashreq, one of the leading financial institutions in the UAE, said it has maintained a steady performance in 2015 amid difficult market conditions with a solid net profit of Dh2.4 billion ($653 million) over the previous year. An More… |
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Senior trio leave top UAE bank NBADThree senior bankers have resigned from National Bank of Abu Dhabi (NBAD), the UAE's largest bank by assets, sources aware of the matter told Reuters. Gary Dugan, chief investment officer and head of investment strategy, left More… |
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Al Ghurair gets lifetime achievement awardLeading UAE bank Mashreq said its CEO AbdulAziz Al Ghurair has been honoured with the 'Lifetime Achievement Award' at the inaugural Gulf Business Industry Awards 2012 ceremony held in Dubai. The awards recognize the very b More… |
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NBAD launches Malaysian operationsThe National Bank of Abu Dhabi (NBAD) has announced the launch of its wholly-owned subsidiary National Bank of Abu Dhabi Malaysia in capital Kuala Lumpur. It is the bank's first branch in Southeast Asia. With this launch, NBAD has expa More… |
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Kuwait's Global wins $250m UAE caseKuwait's Global Investment House said it has won a long-running legal battle over an aborted buy of a stake in National Bank of Umm Al Qaiwain after an appeals court ordered the Abu Dhabi-listed bank to return its deposit plus interest. More… |
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Emirates NBD launches personal loan variantsEmirates NBD, a leading bank in the region, has launched three new variants of its personal loan offering to customers aimed at enhancing their access to finance and boost the bank's loan portfolio. These new options significantly ease More… |
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Abu Dhabi Islamic net profit up 12.8pcAbu Dhabi Islamic Bank (ADIB) said its group net profit for 2011 surged 12.8 per cent to hit Dh1.16 billion ($316 million) compared to Dh1.02 billion the previous year. Announcing the results, the Islamic bank said the group net revenue to More… |
