Commercial Bank of Dubai profit drops on provisions
Commercial Bank of Dubai on Wednesday said its net profit in the first nine months of 2017 dropped 5.2 per…
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Gulf Bank Records an Increase of 10 Percent Y-O-Y in Net Profit for the First Nine Months of 2017
Gulf Bank K.S.C.P. announced today its financial results for the first nine months of 2017. The Bank recorded a…
McKinsey highlights importance of LEIs – RESEARCH
New research undertaken by McKinsey & Company and the Global Legal Entity Identifier Foundation estimates that broader, global adoption of…
ENBD honoured at BAI Global Innovation Awards
Emirates NBD, a leading bank in the region, has been declared the Most Innovative Financial Services Organization of the Year…
UAB Q3 profit hits Dh50 million on lower provisions
The United Arab Bank posted Dh50 million net profit in the third quarter of 2017, primarily driven by growth in…
Second UAE Food Bank opens in Dubai
The second operational site of the UAE Food Bank was launched on Monday at Al Bada area near Canadian University…
Abu Dhabi Commercial bank raises A$400 mln in bonds
Abu Dhabi Commercial Bank has raised A$400 million ($315 million) in a triple tranche “Kangaroo” bond issuance on Friday, the…
Qatar National Bank aims to refinance $3 bln loan by year-end –sources
Qatar National Bank, the largest Gulf Arab bank, has approached commercial banks for the refinancing of a $3 billion loan…
FAB Recognised as Safest Bank in the UAE and the Middle East
First Abu Dhabi Bank, the UAE’s largest bank and one of the world’s largest financial institutions, has been named the…
Gulf banks ‘ripe for consolidation’ following FAB deal
When Abu Dhabi’s two biggest banks announced their $29bn “merger of equals” last year, the implications were more significant than…
UNB records net profit of AED 1,369 million for the nine month period ended 30 September 2017
Union National Bank, one of the leading banks based in the United Arab Emirates, recorded a net profit of AED…
Qatar National Bank rules out sale of stake in UAE bank
Qatar National Bank’s said on Wednesday its stake in United Arab Emirates-based Commercial Bank International is not for sale. …