Mubadala reports $2.9bn operating income in 2017
Mubadala Investment Company of Abu Dhabi has reported its full-year 2017 financial and operational highlights, revealing an operating income of…
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Rakbank Group posts $56m net profit in Q1
The National Bank of Ras Al Khaimah (Rakbank) has announced a consolidated net profit of Dh205.1 million ($56 million) for…
NBK launches 'Quick Pay' to make simple, fast and secure payments via Mobile Banking app
National Bank of Kuwait makes banking convenient, simple and easy, with the latest innovations in technology. Customers can utilize…
Digital ways can help ease assessing credit risks
When the World Bank recently surveyed small businesses in the Middle East and North Africa (MENA) on the biggest challenges…
CORRECTED-UAE lender ADCB Q1 profit up 9 pct
Abu Dhabi Commercial Bank on Thursday posted a 9 percent rise in first quarter profit as net interest and Islamic…
$4k monthly salary being demanded to buy Dubai property
Affordable housing options remain at the forefront of Dubai buyers’ interest, with many banks and developers stipulating a minimum monthly…
Saudi petchems under pressure despite rise
Saudi petrochemical stocks ended Thursday’s trading on the downside after some disappointing earnings, but key banking and property stocks helped…
Saudi Arabia has lion’s share of regional philanthropy
Nearly three quarters of philanthropic foundations in the Middle East are concentrated in Saudi Arabia, according to a new report.…
Cheque-Chain: National Bank of Dubai uses blockchain technology to prevent fraud UnveilsCheque-Chain: National Bank of Dubai uses blockchain technology to prevent fraud Unveils
The National Bank of Dubai one of the biggest banks in the Middle East by asset volumes has successfully implemented…
Jewellers see 10% export growth in FY19 after 5% decline in FY18
After a five per cent decline in FY18, jewellers believe there would be a 10 per cent jump in India’s…
Malaysia’s Maybank Islamic in talks with regulators to launch operations in Dubai
Maybank Islamic, the sharia-compliant division of Malaysia’s largest lender Maybank that has $165 billion of assets under management, plans to…
Qatar's Al Khalij Bank Weighs Sale of French, U.A.E. Units
Qatar’s Al Khalij Commercial Bank PQSC has hired Barclays Plc to advise on the sale of its businesses in France…