Al Rajhi Bank’s shares close lower even as profit surges to $2.2bn in H1
Al Rajhi Bank’s shares closed lower on Sunday, coming as a surprise to analysts after posting a higher profit of…
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UAE national banks provided $190bn credit facilities to business sector
UAE national banks provided 696.7 billion dirhams ($190 billion) credit facilities to the business and industrial sector in the first…
JTC Targets AMEA Growth with Regional Private Client Head Appointment
Global service provider, JTC, has appointed Charles-Henry Courtois as Regional Head – AMEA within its Private Client Services (PCS) Division…
NBF posted a solid performance in H1 2022 net profit
Progressive performance underpinned by robust capital adequacy, enhanced balance sheet management and improvement in asset quality NBF has announced…
UAB reports net profit of AED 83.3mln for H1 2022
H1 2022 Highlights: United Arab Bank has announced a net profit of AED 83.3 million for the six month…
ADNOC Distribution to acquire a 50% stake in TotalEnergies’ fuel retail, aviation and lubricants business in Egypt
ADNOC Distribution has announced it has entered into an agreement with TotalEnergies Marketing Afrique SAS to acquire a 50% stake…
Capital Bank achieves half-year profits of JD 60.2mln
Capital Bank Group has announced half-year net profits for 2022, the highest since its establishment that are equal to the…
UAE, Kenya to commence talks over comprehensive economic partnership
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary, Ministry of Industrialisation,…
Emirates NBD reports profit of Dhs5.3bn, its highest since 2019
Dubai’s largest lender Emirates NBD delivered its highest first-half profit since 2019. The Q2 profit was exceptionally strong at Dhs3.5bn,…
UAE Central Bank imposes financial sanctions on six banks
The UAE Central Bank has imposed financial sanctions on six banks in the country for not fully complying with the…
Gold prices turn seriously hot again, up $40/oz in 2 days – Dubai Gold Rate to go past Dh200/g again
Gold prices are again turning too hot for UAE shoppers, with the Dubai Gold Rate expected to cross Dh200 a…
African Development Bank adopts new Country Strategy paper for Egypt covering 2022-2026
The African Development Bank Group’s Board of Directors has approved Egypt’s Country Strategy Paper for the 2022-2026 period. Under…