FAB’s Global Asset Management manages assets in excess of AED7.05 billion, making it one of the largest of its kind in the UAE.
July 27, 2017 - 10:48 GMT
First Abu Dhabi Bank’s NBAD Sukuk Income Fund has earned dividend income equivalent to USD 816,662.02 which equates to an annualised yield of 2.44% during the period from 15th December, 2016 to 5th July, 2017.
Abdulhamid Saeed, Group Chief Executive Officer of FAB
July 27, 2017 - 06:45 GMT
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has reported consolidated pro-forma financial results for the first time post-merger, delivering a resilient performance amidst softer economic conditions.
ABC Islamic Bank’s total assets stood at US$1.443 billion as of June 30, 2017 compared to US$1.634 billion at 2016 year-end.
July 26, 2017 - 13:10 GMT
Bank ABC Islamic today announced that its net profit for the first half of 2017 was US$15.1 million, 41% higher than the net profit of US$10.7 million reported in the first half of 2016.
Bank Nizwa’s Recurring Deposits operate as a savings plan contract between the bank and the customer in full compliance with the Islamic financial principles of Mudarabah.
July 26, 2017 - 12:20 GMT
Bank Nizwa launched its new Recurring Deposits product to provide its customers with ideal solutions to effectively manage and plan for future commitments such as children education, retirement and many others.
Surplus reserves at UAE banks surged to AED 42.8 billion ($11.6 billion) by the end of June, a growth of 77.6 percent from the first month of 2017, according to UAE Central Bank statistics. (Shutterstock)
July 26, 2017 - 09:14 GMT
Surplus reserves at UAE banks surged to AED 42.8 billion ($11.6 billion) by the end of June, a growth of 77.6 per cent.
Adeeb Ahamed, Managing Director, Lulu Exchange. (Trade Arabia)
July 26, 2017 - 07:07 GMT
Lulu Exchange, a leading foreign exchange and remittance company, has entered into an agreement to acquire 100 per cent ownership of Al Falah Exchange Company in the UAE.
Amjad al Lawati
July 26, 2017 - 06:37 GMT
Bank Muscat has launched Oman’s first mobile wallet.
Local banks in Egypt are vying to win the super-rich with accounts serving their 'very specific' needs. (Shutterstock)
July 25, 2017 - 16:29 GMT
The new account will be tailored to meet the needs of Egypt's high-earners.
Deloitte also continues to advocate for diversity in boardrooms through our ‘Board Ready’ programs.
July 25, 2017 - 13:04 GMT
Women are still largely under-represented on corporate boards, despite continued efforts to improve boardroom gender diversity.
EFP Cooperation Agreement
July 25, 2017 - 06:57 GMT
Abu Dhabi Fund for Development (ADFD), the leading national entity in development aid, appointed the Korea Development Institute (KDI), a prominent Korean think tank, as expert consultants to advise on the need for a UAE-based Export Finance Programme.
Bank ABC
July 25, 2017 - 06:51 GMT
Bank ABC today announced that its consolidated net profit, attributable to the shareholders of the parent, for the first half of the year 2017 was US$102 million.
The second quarter of 2017 generated a profit of Dh226.7 million, an increase of 16 per cent year on year.
July 24, 2017 - 11:37 GMT
The RAKBank Group announced on Monday a consolidated net profit of Dh381.5 million for the half year ended June 30.
The Dhs135m villa project marks the first time Amlak is developing a fully-owned property. (GB)
July 24, 2017 - 10:57 GMT
Dubai-based mortgage firm Amlak Finance has completed the first phase of its new residential development project in Mirdiff, it announced on Monday.
July 24, 2017 - 08:34 GMT
New report shows that while more men use seed crowdfunding than women, women are more successful in reaching their finance goals than men in all sectors and geographic regions across the globe.
Jeyapriya Partiban, Partner and Head of Risk Consulting at KPMG in Bahrain
July 23, 2017 - 06:56 GMT
KPMG in Bahrain today announced the launch of its new corporate training portal, KPMG Learning Hub.
Mr. Majed Essa Al Ajeel, Chairman of Burgan Bank Group
July 23, 2017 - 06:45 GMT
Burgan Bank Group announced today its first half earnings of financial year 2017.