ADIB reports rise in first quarter profit as economy picks up
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, said that first-quarter net profit rose 19.8 per cent…
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UAE joins global fight against offshore tax evasion
The United Arab Emirates formally signed up to what the OECD calls 'the most powerful multilateral treaty against offshore tax…
Erdogan-Inspired Incentives Seen Boosting Turkish Bank Profits
Politics is proving to be a boon for Turkey’s banks that may continue for months to come. First-quarter profit…
World-Cup Spending Presses Qatar Banks as Deposit Deadline Nears
Qatari banks are in a bind. On the one hand, they need to finance building projects for the 2022…
ADIB net profit increases by 20 per cent in Q1 2017
The Abu Dhabi Islamic Bank (ADIB) Group has released its Q1 2017 results with net profit up 19.8 per cent…
NBAD shareholders approve name change to 'First Abu Dhabi Bank'
National Bank of Abu Dhabi shareholders have approved the proposal to change the name of the UAE's largest bank to…
Qatar's Masraf Al Rayan Q1 net profit falls 6.5 pct
Masraf Al Rayan , Qatar's second largest bank by market value, reported a 6.5 percent fall in first-quarter net profit…
Oman said to follow Abu Dhabi with SWF merger plan
Oman, the largest Arab oil producer outside the Organization of Petroleum Exporting Countries, is considering a merger of its two…
CBI reports Dh21 million first quarter net profit
Commercial Bank International (CBI) reported a net profit of Dh21 million for the first quarter of 2017 compared to Dh37…
UK's HSBC bank wins mandate on $100bln Saudi Aramco IPO
HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil…
HSBC wins mandate on $100 bln Saudi Aramco IPO: CEO
HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil…
Khaitan advises First Gulf Bank on merger
Khaitan & Co advised First Gulf Bank in relation to its merger with National Bank of Abu Dhabi including the…