UAE bank NBAD sees government deposit outflow easing after $10 bln H1 exit
National Bank of Abu Dhabi, the largest lender by assets in the United Arab Emirates, does not expect further big…
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Dubai Islamic Bank targets 20 pct loan growth in 2015
Dubai Islamic Bank is targeting 20 percent loan growth in 2015, the lender's chief executive said on Wednesday. The…
BisB announces net profit for H1 2015 of BHD 8.2 million
The Bank has reported for the three months ended 30 June 2015 net income of BHD 5.1 million compared to…
NBAD Reports 2nd Quarter 2015 Results
National Bank of Abu Dhabi reported net profits of AED 1.446 billion in 2Q'15, up 1% year-over-year and 2% sequentially.…
Dubai Bank wants to sell its stake in BankIslami Pakistan: report
Dubai Bank PJSC wants to sell its shareholding in BankIslami Pakistan, a report in the local media said on Thursday.…
UAE Bonds Reap Benefits of Fuel Subsidy Halt
The yield on bonds of Abu Dhabi has decreased four basis points since 22 July OPEC’s third-biggest oil producer just…
KKR, Majid Al Futtaim Said to Weigh Bids for Abu Dhabi’s Dunia
KKR & Co. and Dubai’s Majid Al Futtaim Holding are among companies weighing a bid for Abu Dhabi consumer finance…
Minister of State for Financial Affairs of UAE meets the Director General and Chairman of the AMF
The meeting between the two parties involved discussions about the means of strengthening bilateral ties and joint work between the…
Turkey Central Bank to Consider Shift to Single-Rate Policy
Turkey’s central bank is weighing a move to a simplified single-rate policy to boost confidence and attract more investment to…
Bahrain Islamic Bank realizes 105% half yearly profit compared to last year
BisB has announced that it has realized BD 8.2 million as net income for the six month period ended 30…
Dubai realtor S&K says worsening market led to bankruptcy
Dubai-based real estate agency S&K Estate Agents said a deteriorating property market in the emirate contributed to its decision to…
Tough times strike Saudi Arabia’s millionaires
Turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of…