02/17/2020
Burgan Bank: Highlighting the Board of Directors commitment to maintain governance best practices
Mr. Majed Al-Ajeel "Increase in Number of Members of the Board During the Extraordinary General Meeting "
Retail Banking
02/17/2020
UAE banks post record $12.6bn net profit in 2019
The profits recorded by Abu Dhabi First Bank and Emirates NBD Bank accounted for 58.1 percent of the total, with Emirates NBD Bank recording a profit of Dh14.502 billion last year while Abu Dhabi First Bank saw profits of Dh12.52 billion.
02/17/2020
18 banks, financial companies record profits of AED46.47 billion in 2019
The seven banks listed in the Dubai Financial Market recorded the largest growth percentage, in terms of profitability, as their profits increased to AED24.136 billion, a rise of almost 25 percent compared to AED19.312 billion in 2018.
02/17/2020
ADCB and Al Hilal Bank sign agreement with Etihad Holidays
The collaboration between ADCB and Etihad Holidays to introduce an Easy Payment Plan for ADCB Credit Cardholders echoes our commitment to provide our customers with the most rewarding travel experiences.
02/17/2020
FAB raises over Dh3b through bonds within 3 days
Three-year GBP 450 million pound-denominated bond priced at 98 basis points over Gilts
02/14/2020
Ajman Bank’s net profits drop in 2019
Ajman Bank’s net operating income grew
02/13/2020
Dubai Islamic Bank Full Year 2019 Group Financial Results
Total income reaches AED 13.7 billion, up by 17% YoY
02/13/2020
Abu Dhabi bank said to seek $136m savings by cutting jobs
Sources say Abu Dhabi Islamic Bank also plans to shut some local and international branches
02/13/2020
DIB board recommends foreign ownership increase as lender reports rise in full-year profit
The lender is now looking to fully integrate Noor Bank into its operations as it pursues growth opportunities
02/12/2020
Gulf International Bank officially inaugurates its Operations Centre in Al Khobar
The opening ceremony was attended by His Excellency Rasheed Al Maraj, Governor of the Central Bank of Bahrain, His Excellency Dr. Ahmed bin Abdulkarim Alkholifey, Governor of the Saudi Arabian Monetary Agency, other government officials and leaders from b
02/12/2020
Kuwait's Boubyan Bank to sell $750 mln 5-yr sukuk
Boubyan Bank began marketing the notes at around 150 bps over mid-swaps earlier on Tuesday.
02/11/2020
CBI maintained a steady AED 111 million net profit in 2019
Improved cost efficiency and strengthened asset quality to drive sustainable future profitability growth
02/11/2020
UAE's CBI reports Dh111 million net profit in 2019
Improved cost efficiency and asset quality to drive profitability
02/10/2020
Ebdaa Bank chairman in Forbes ‘most powerful’ list
Al-Qahtani highlighted that these successes confirm Arab women are capable of creativity whenever they are given confidence and a proper place
02/10/2020
Bank ABC's net profit for 2019 surges to $194m
On the financial front, ABC Group achieved a robust net profit attributable to shareholders, of $194 million, after absorbing the impact of challenging conditions and the cost investments referred above.
02/10/2020
Emirates NBD remains UAE's top banking brand with a value of USD 4.13 billion
Bank ranked among top 100 global banking brands; 2nd in the Middle East and Africa region
02/07/2020
Ahli Bank registers net profit growth of 7.7% in 2019
Despite the increase in loans and advances and financing, the bank was able to maintain its non-performing loans at 1.74 per cent, the best amongst the peers, due to its prudent risk management approach.
02/07/2020
UAE's largest bank said to cut hundreds of jobs
Sources say First Abu Dhabi Bank is the latest UAE-based lender to shed staff as sluggish growth weighs on the finance industry
02/06/2020
Brand Value of World’s Largest Banks Contracts First Time since Financial Crisis
Qatar National Bank dominates in the Middle East with 20% growth
02/06/2020
Dubai’s CBD reports 20.5% profit increase on higher revenue
Net profit for the full year jumps to Dh1.4 billion as revenue climbs 11% to more than Dh3bn