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Fee income fall dents profit at MashreqDubai's third-biggest lender by assets Mashreq posted a 7.6 per cent fall in third-quarter net profit on Wednesday as a drop in income from fees offset stronger profits from loans. The lender made a net profit of Dh551.4 milli More… |
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Mashreq Q2 net profit up 11pc to $176mMashreq, Dubai's third-biggest lender by assets, on Wednesday posted an 11 per cent rise in second-quarter net profit. The lender made a net profit of Dh649 million ($176.6 million) for the three months to June 30, according t More… |
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Diamond prices firm as Dubai banks aid fundingMiner Gem Diamonds expects firm prices this year after they rose at its first auction of 2015 last week as Dubai banks help fill a funding gap for manufacturers, chief executive Clifford Elphick said on Monday. Diamond prices weak More… |
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Mashreq Q2 profit up 25pc driven by fee incomeMashreq, Dubai's third-biggest lender by assets, posted a 25.7 percent rise in second-quarter net profit on the back of higher fee income, the latest bank in the United Arab Emirates to report strong quarterly numbers. The ban More… |
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Emirates Islamic, Dubai Bank complete integrationEmirates Islamic Bank has announced that it has successfully completed the integration of Dubai Bank customers, branches and operations into its platform. To date, most branches have been converted to Emirates Islamic Bank systems More… |
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EIB working on Dubai Bank integrationEmirates Islamic Bank (EIB), the Islamic banking arm of EmiratesNBD Group, said the ongoing integration of Dubai Bank‘s branches and operations will lead to the creation of stronger, more resilient proposition for customers. More… |
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EIB, Dubai Bank offer free air ticketsEmirates Islamic Bank (EIB) and Dubai Bank, part of the Emirates NBD Group, said they will be giving away return air tickets to customers who avail personal finance of Dh75,000 ($20,419) and above. This offer is available to customer More… |
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New Kazakh bride becomes millionaireA newly-married bride from Kazakhistan, Botagoz Alzhanova, won Dh1 million ($27,224) grand prize in the monthly Kunooz savings account draw conducted by Dubai Bank this April. Dubai bank said Alzhanova, a 36 year-old Kazakh national who ha More… |
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New Kazakh bride becomes millionaireA newly-married bride from Kazakhistan, Botagoz Alzhanova, won Dh1 million ($27,224) grand prize in the monthly Kunooz savings account draw conducted by Dubai Bank this April. Dubai bank said Alzhanova, a 36 year-old Kazakh national who ha More… |
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ENBD seeks approval for Islamic units' mergerEmirates NBD, Dubai's largest lender, is seeking approval from three government bodies to merge its two Islamic banking units, sources told Reuters on Monday. The bank is aiming to combine its Emirates Islamic Bank arm with Dubai Bank, More… |
