Remittance Payments Hit Record $466b in 2017
Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of…
Financial Results
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EIBank's 2018 GCC Wealth Insight Report: The UAE is the most appealing wealth management location for HNWIs in the GCC
Emirates Investment Bank (“EIBank”), an independent private bank based in the UAE, today published the 2018 edition of its annual…
Q1 results point to strong start for UAE lenders
Contrary to the expectations that the implementation of International Financial Reporting Standards 9 (IFRS 9) and the introduction of 5…
Dubai Islamic Bank Q1 profit up 16 percent
Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 16 percent increase in first-quarter net profit…
UAE- Emirates NBD Q1 profit surges 27%
Emirates NBD announced on Wednesday that first-quarter profit rose 27 per cent rise year-on-year to Dh2.4 billion, underpinned by higher…
Noor Bank Successfully Issues $500 Million Sukuk
Noor Bank, one of the UAE’s leading Shari’a compliant banks, has successfully priced its US$500 million sukuk issuance with a…
Qatar's Commercial Bank posts first-quarter profit leap
Commercial Bank, Qatar's third-largest lender by assets, on Tuesday reported a huge 345 percent jump in first-quarter net profit, beating…
UAE cbank deposits reach $15 billion in Q1
Monetary deposits at the UAE Central Bank stood at Dh55.8 billion ($15.2 billion) in the first quarter of 2018 while…
Monetary Deposits With Apex Bank Stood At AED55 bn In Q1
Monetary deposits at the UAE Central Bank stood at AED55.8 billion in the first quarter of 2018 while withdrawals reached…
Emirates Islamic Announces Q1 2018 Results
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its financial results for the quarter ending…
Ahlibank net profit rises 3.6% to QR176.1mn in first quarter
Ahlibank has posted a first quarter (Q1) net profit of QR176.1mn, up 3.6% (QR6.1mn) on the same period in 2017. …
Dubai’s Emirates NBD reports 27% rise in first quarter net profit
Emirates NBD, Dubai’s biggest lender, reported a 27 per cent rise in first quarter net profit attributed to loan growth…