Diversification contributes to resilience of UAE economy
According to IMF Jan 2017 global growth is expected to be at 3.1 per cent. Advanced economies are now projected…
Financial Results
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Mashreq bank Q1 net profit up 2.7 pct
Mashreq , Dubai's third-biggest lender by assets, on Wednesday reported a 2.7 percent rise in first-quarter net profit as bad…
Boubyan Bank posts KD 10 mln in Q1 profits
Boubyan Bank announced on Tuesday a net profit of KD 10.7 million (USD 34 million) with an EPS of 7.4…
Dubai Islamic Bank first-quarter net profit up 4 percent
Dubai Islamic BankDubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, reported a 4 percent increase in first-quarter net…
DIB’s first quarter net profit up 4% to Dh1.04b
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by total assets, yesterday reported a group net profit…
Gulf's largest lender sees Q1 net profit rise to $900m
QNB Group, the largest financial institution in the Middle East and Africa region, has said its first quarter net profit…
Takaful industry reports double-digit growth in the GCC
Takaful industry has grown in high double digits across the Gulf Cooperation Council in recent years according to the Global…
Qatar First Bank maintains assets value at $1.64bn
Qatar First Bank’s total assets didn’t decline during 2016 despite the write-down of QFB’s investment book and closed at almost…
Investors book profit on UAE stocks
UAE stocks closed lower on Thursday as investors booked profit following a week of strong gains in both Dubai and…
Abu Dhabi banks to complete unification process in 2019
National Bank of Abu Dhabi and First Gulf Bank will unify its operations and records by 2019, WAM reported on…
Abu Dhabi Islamic Bank approves dividend of 24.52%
Abu Dhabi Islamic Bank approved a dividend of 24.52 per cent for year 2016 for its shareholders at its annual…
ADIB shareholders agree 24.52pc dividend
Shareholders of Abu Dhabi Islamic Bank have approved the distribution of 24.52 per cent cash dividends for 2016 at the…