ADCB inks financial deal with Fairmont developer
Bank funds are starting to flow into Abu Dhabi’s real estate development sector. Abu Dhabi Commercial Bank signed AED950…
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ICO Services to Expand in UAE Tax Heaven for an Excellent Image of Customers' Businesses
ICO Services, the international company specialized in the formation of offshore companies and offshore banking, has recently expanded their services…
KHCB opens Zinj branch in new push
Bahrain-based Islamic retail bank Khaleeji Commercial Bank (KHCB) yesterday opened its eighth branch in the kingdom, in the Zinj area,…
UAB profit rises 34% to Dh161m
Sharjah-based United Arab Bank on Wednesday said its profit in the first quarter ended on March 31, 2014 jumped 34…
Bank Muscat first quarter net profit jumps 59%
Bank Muscat, Oman’s largest lender, missed analysts’ expectations despite posting on Wednesday a 59.1 per cent jump in its first-quarter…
Masraf Al Rayan’s first quarter net profit up 8pc
Masraf Al Rayan achieved net profit of QR432m for the first quarter of 2014, an increase of 8 percent compared…
HBL Bank Names Head of Retail Banking for the Gulf Region
Mr. Farooq has been tasked with spearheading the retail business across the Gulf Region. Prior to this appointment, he served…
Emirates NBD's Q1 net profits up 25%
Emirates Islamic Bank (rebranded as Emirates Islamic), the Islamic bank belonging to Emirates NBD group on Wednesday reported a net…
Dubai’s sukuk points to stabilisation of sovereign finances
Strong recovery in asset prices, particularly the real estate prices and the prices of locally listed stocks combined with nearly…
UAE markets pull back; Bahrain hits 3-year high
Stock markets in the United Arab Emirates retreated from multi-year peaks on Thursday, while Saudi Arabia edged up and Bahrain's…
Four years later, lenders are sitting pretty
More than four years on from a debt crisis that hampered their earnings, UAE banks have for the most part…
Earnings lift UAE markets but weigh on Qatar, Saudi Arabia
Dubai's bourse led gains in the Gulf on Wednesday, lifted by strong first-quarter results and other positive news from listed…