Dubai's Emirates NBD Q1 profit rises 4 pct, meets forecasts
Emirates NBD, Dubai's largest lender, reported a 4 percent rise in first-quarter net profit on Wednesday as expenses and provisions…
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Emirates Islamic posts strong profit growth in first quarter
Emirates Islamic, an Islamic financial institution belonging to Emirates NBD Group, reported on Wednesday a net profit of Dh221 million…
Emirates NBD profit up in first quarter on lower costs
Dubai’s biggest bank said it expects the rate of economic growth in the country to improve to 3.4 per cent…
Emirates NBD announces Q1 2017 results
The operating performance was helped by a control on expenses and lower provisions. Net interest income improved one per…
Emirates Islamic reports AED 221 million in net profits for the first quarter
According to a statement from the Islamic Bank, net profit for the first quarter of 2017 stands at AED 221…
UAE ranked among top global destinations for FDI
The UAE has returned to the A.T. Kearney FDI Confidence Index this year with the global ranking at 21 and…
Istanbul Bourse head says in talks with Saudi IDB to sell stake
The Saudi-based Islamic Development Bank is in talks with Turkey's Istanbul Bourse to buy a stake, the bourse chairman said…
Saudi Al Rajhi Bank net profit up 10.1 percent, RBS-backed Alawwal's profit drop
Al Rajhi Bank 1120.SE, Saudi Arabia's second-largest lender by assets, reported a 10.1 percent rise in its first-quarter net profit…
Report: 62% Of MENA Bank Account Holders Adopt Digital Banking
A majority of people in the Middle East and North Africa remain unbanked, but a recent report by Arabnet, a…
Gulf International Bank Selects Coupa
Coupa Software, a leader in cloud-based spend management,has announced that Gulf International Bank has selected Coupa's Purchase to Pay and…
Waleed El-Amir Joins Evercore As Senior Advisor for the Middle East, Africa and Turkey
Evercore has announced that Waleed El-Amir has joined the Firm's Investment Banking business as a Senior Advisor for the Middle…
Conservative lending curtails profitability of UAE banks
Profitability of UAE banks continues to be under pressure, largely driven by conservative lending, although liquidity and risk metrics have…