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THE ECONOMY - BANKS

FGB second quarter group revenue up 3%

Posted on 29/07/2016

The First Gulf Bank (FGB) reported second quarter 2016 Group revenue growth of 3%, while Q2'2016 net profits were recorded at AED 1.31 Billion compared to AED 1.33 Billion for the previous quarter. FGB reported a Group net profit of AED 2.64 Billion for the six-month period ended 30th June 2016, compared to AED 2.87 Billion for the first half of 2015. Earnings per share for the first half of 2016 stood at 58 fils against 62 fils in the first half of 2015. Commenting on the results, André? ...  >>MORE

20 UAE banks rank in top 1,000 banks worldwide

Posted on 28/07/2016

The General-Secretariat of the Union of Arab Banks, UAB, has announced the inclusion of 85 Arab banks among the top 1,000 banks in the world, including 20 from the UAE. The General Secretariat report, which is based on data published by "The Banker" magazine regarding the largest 1,000 banks in the world, named the Emirati banks as: National Bank of Abu Dhabi, First Gulf Bank, Abu Dhabi Commercial Bank, Emirates NBD, Dubai Islamic Bank, Mashreq Bank, Union National Bank, Abu Dhabi Islamic ...  >>MORE

FGB partners with UAE Exchange to provide residents with cash advance service

Posted on 25/07/2016

FGB, one of the leading banks in the UAE, is launching a new service, which it calls a 'convenient cash solution'. FGB has partnered with UAE Exchange to launch 'Advance', which offers customers residing in the UAE a financial solution to meet immediate short-term cash needs at any time. As part of the agreement signed by both parties, customers will benefit from this new service using the extensive branch network of UAE Exchange across the UAE. Girish Advani, Head of Personal Banking at FGB, ...  >>MORE

Bank of Sharjah reports H1 2016 net profit of AED176 m

Posted on 25/07/2016

Bank of Sharjah yesterday said its net profit for the first half of 2016 has reached AED176 million, while its earnings per share for the period fell down by two per cent to 8.1 fils, compared to 8.3 fils in 2015. The bank, in a press release announcing its financial results for the six months ending on 30th June, 2016, said that over this period, it "continued to adopt a very conservative credit policy and reduced expensive deposits while maintaining high levels of liquidity and a ...  >>MORE

Sharjah Islamic Bank net profit's H1 2016 at AED257 m

Posted on 25/07/2016

Sharjah Islamic Bank (SIB) posted a net profit of AED257 million for the first six month of 2016, compared to AED204.6 million for the same period last year. In a press release, the bank said its total assets stood at AED 29.8 billion at the end of the second quarter of 2016, compared to AED29.9 billion at the end of 2015. Liquid assets reached AED6.4 billion or 21.5% of total assets at the end of the 2nd Quarter 2016. Net customer receivable reached AED15.8 million at the end of the 2nd ...  >>MORE

Emirates NBD announces first half 2016 Results

Posted on 19/07/2016

Emirates NBD's solid financial and operating performance, along with its best-in-class digital banking platform, were also recognised in this year's Euromoney Awards for Excellence. Emirates NBD became the first bank in the Middle East to win in three categories, namely Best Bank in the Middle East, Best Bank in the UAE, and Best Digital Bank in the Middle East. This recognition coincided with the Bank's announcement to invest 500 million dirhams over the next three years towards digital ...  >>MORE

Abu Dhabi Commercial Bank reports net profit of AED 2.147 billion in H1, 2016

Posted on 19/07/2016

Abu Dhabi Commercial Bank PJSC yesterday announced its half year financial results for the period ended 30th June 2016, H1, reporting a net profit of AED 2.147 billion, which was 15% lower, as compared to the same period in 2015, primarily on account of higher impairment allowances reflecting current market conditions. Similarly, operating income of AED 4.255 billion was up 1%, and total net interest income of AED 3.099 billion was 3% lower, which was partially offset by higher non-interest ...  >>MORE

Emirates Islamic announces H1 2016 results

Posted on 19/07/2016

Emirates Islamic has delivered strong results for the period ending June 30, 2016, reporting net profit for H1 2016 at AED 137 million, in 2016. It registered a strong performance with net profit of AED 92 million in Q2 up 104 % as compared with AED 45 million for Q1 2016. Total Income (net of customers' share of profit) grew by 11% to AED 1.23 billion compared to the total income (excluding one offs) for the same period last year. Meanwhile, total assets stood at AED 57.2 billion, up 8% from ...  >>MORE

UAE banking sector growth expected to remain soft in 2016

Posted on 18/07/2016

The UAE's banking sector earnings are expected to soften further in the second quarter as many banks are likely to announce weak growth in lending and profitability in their second quarter earnings, according to banking sector analysts. "We forecast bottom line to fall -3.5 per cent year on year in the second quarter as growth remains soft amid a challenging macro environment, net interest margins (NIM) is under moderate pressure, non- net interest income (NII) should slip, JAW ratio [ ratio ...  >>MORE

Noor Bank's US$500 million Tier 1 Sukuk listed on Nasdaq Dubai

Posted on 14/07/2016

Hussain Al Qemzi, CEO of Noor Bank, yesterday rang the market-opening bell to celebrate the listing of Noor Bank's US$500 million debut Tier 1 Sukuk on Nasdaq Dubai. It was the 11th Sukuk listing in Dubai this year, as well as the first perpetual Tier 1 Sukuk issued this year from the UAE. The total nominal value of listings in Dubai has reached US$44.56 billion, demonstrating the robust growth Dubai has achieved as the leading global centre for Sukuk listings. The bell-ringing ceremony took ...  >>MORE

Emirates NBD partners with LinkedIn to leverage social selling

Posted on 05/07/2016

Emirates NBD yesterday announced a partnership with LinkedIn, a business-oriented social networking service, to leverage the power of social media to undertake strategic advisory and selling. The bank, a front-runner in digital banking in the UAE, will use ‘Sales Navigator' LinkedIn's sales solution tool to enhance customer engagement, interaction and prospecting through proactive, targeted identification and communication. Sales Navigator uses a sophisticated algorithm to provide customised ...  >>MORE

Mohamed bin Zayed: Merger of FGB and NBAD will contribute to UAE’s dynamic and sustainable business environment

Posted on 04/07/2016

Following the decision of the Boards of Directors of First Gulf Bank, FGB, and the National Bank of Abu Dhabi, NBAD, to recommend to shareholders a merger of the two Abu Dhabi-listed banks, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said, "The continued growth of our nation's economy relies on an empowered private sector that contributes to the UAE's dynamic and sustainable business environment. The merger of ...  >>MORE

FGB and NBAD boards recommend merger to create largest bank in the Middle East and North Africa region

Posted on 03/07/2016

First Gulf Bank PJSC (FGB) and National Bank of Abu Dhabi PJSC (NBAD) announced yesterday that their boards of directors have voted unanimously to recommend to shareholders a merger of the two Abu Dhabi-listed banks. The proposed merger will create a bank with the financial strength, expertise, and global network to support the UAE's economic ambitions at home and drive the country's growing international business relationships. The combined bank will be the largest bank in the Middle East ...  >>MORE

HSBC Bank Middle East Limited completes transfer to Dubai International Financial Centre

Posted on 01/07/2016

HSBC Bank Middle East Limited (‘HBME') yesterday said it has transferred its place of incorporation and head office from Jersey to the Dubai International Financial Centre (the "DIFC") effective today, 30 June 2016. As a result of the transfer, HBME is now lead-regulated by the Dubai Financial Services Authority (the "DFSA"). HBME remains locally regulated in each of the countries in which it operates by the country's Central Bank and its other regulators. The re-location has no material ...  >>MORE

Sultan Al Jaber hails Asia Infrastructure Investment Bank

Posted on 26/06/2016

The following op-ed by Dr. Sultan Ahmed Al Jaber, Minister of State, appeared June 25th in China Daily on the occasion of the first annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), the newly formed infrastructure development body. The Beijing meeting, attended by representatives of 57 member states, looked at measures to accelerate infrastructure development across Asia – through the funding of major projects, access to finance, expertise and new ...  >>MORE

MoF to organise reception for UAE banks alongside IMF and World Bank annual meetings in Washington

Posted on 20/06/2016

ABU DHABI, 20th June, 2016 (WAM) -- In a bid to provide all means of support to benefit the banking sector, the Ministry of Finance, MoF, in collaboration with the UAE Central Bank and Dubai International Financial Centre, DIFC, has commenced preparations for the UAE Banks' reception, set to take place on 7th October, 2016, alongside the upcoming International Monetary Fund, IMF, and World Bank annual meetings in Washington. Participating banks in the reception will include National Bank of ...  >>MORE

Emirates NBD donates AED2m to provide 200,000 books for ‘Reading Nation’ Campaign

Posted on 20/06/2016

As part of the ‘Reading Nation' Ramadan campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Emirates NBD has announced a contribution of AED2 million to provide 200,000 books to establish libraries in 200 schools in Egypt and benefit thousands of students. Vice Chairman and Managing Director, Emirates NBD, Hesham Abdulla Al-Qassim, said the bank's contribution comes from an understanding of the relation ...  >>MORE

Ajman Bank raises AED675m through rights issuer

Posted on 15/06/2016

Ajman Bank PJSC yesterday confirmed that it has successfully raised AED675 million through a rights issue of which AED 500 million was raised against issuance of 500 million new ordinary shares and AED 175 million represented share premium. It said that the rights issue was 195% over-subscribed and that the proceeds will be used to strengthen the capital base of the Bank and to comply with the Central Bank capital adequacy requirements, to meet business needs of the Bank's customers and to ...  >>MORE

Emirates NBD announces AED 500 million digital transformation plan

Posted on 02/06/2016

Emirates NBD has announced that it will invest AED 500 million over the next three years towards digital innovation and multichannel transformation of its processes, products and services. The bank also revealed plans to launch the UAE's first digital bank targeted at millennials. A first-of-its-kind ‘by the customer, for the customer' initiative using digitisation and social input as key enablers, the new digital bank will offer customers the next generation of self-service money management ...  >>MORE

Japan confers decoration on Chairman of the National Bank of Abu Dhabi

Posted on 02/06/2016

The Government of Japan has announced that it has conferred the Order of the Rising Sun, Gold Rays with Neck Ribbon, by the Emperor of Japan on Nasser Ahmed Alsowaidi, Chairman of the National Bank of Abu Dhabi, in recognition of his outstanding contribution to promoting economic relations between Japan and the United Arab Emirates. The decoration award ceremony was held yesterday at the InterContinental Abu Dhabi, and was hosted by Kanji Fujiki, Ambassador of Japan to the UAE. In a speech on ...  >>MORE

Emirates NBD signs EGP2 billion loan with the Egyptian Electric Holding Company to finance 2 power plants in the New Capital

Posted on 12/04/2016

CAIRO: Emirates NBD affirmed its commitment to supporting mega national projects and securing the necessary financing, thus contributing to the Egyptian economy's development and boosting production in light of the bank's expansion plan in the Egyptian market. Emirates NBD Egypt signed a EGP2 billion facility contract with the Egyptian Electricity Holding company during a signing ceremony at the Egyptian Electricity Holding company premises with the presence of Amr Azab, Head of Corporate ...  >>MORE

UAE Banks Federation holds Ordinary Annual General Meeting, elects new board for the next three years

Posted on 10/04/2016

The UAE Banks Federation, a professional body representing 49 member banks operating in the UAE, held its Ordinary Annual General Assembly Meeting to review the UBF main activities and key achievements of last year. Held at the Head Office of the Commercial Bank of Dubai and chaired by AbdulAziz Al Ghurair, Chairman of the UAE Banks Federation, in attendance of Federation Board members and representatives of member banks, the meeting ratified the Federation's business plan for 2016, which aims ...  >>MORE

ADIB releases outlook on regional and global investment climate

Posted on 04/04/2016

Abu Dhabi Islamic Bank (ADIB) has presented its outlook on the regional and global investment climate to its top private banking clients at a number of events in Abu Dhabi, Dubai and Al Ain. Senior ADIB executives from ADIB's Private Banking arm explained to clients how to manage wealth effectively in times of economic and political volatility. Mohammed Azab, Head of Private Banking, and Shahzad Ali, Head of Investment Advisory (Private Banking), presented the outlook to 100 clients in Al Ain, ...  >>MORE

Bank of Sharjah announces financial results for the year ended

Posted on 01/04/2016

Bank of Sharjah, yesterday reported its financial results for the year ended December 31st, 2015, showing a continued growth of its loan book while maintaining the solid structure of its balance sheet, with high levels of both liquidity and Equity. Total Assets reached AED 27,587 million, an increase of 10per cent over the corresponding 31 December 2014 figure of AED 25,054 million reflecting the growth of the main items of the balance sheet. Loans and Advances reached AED 15,037 million, 7per ...  >>MORE

ADIB acts as sell side advisor to Oldendorff in sale of Eships

Posted on 28/03/2016

Abu Dhabi Islamic Bank, a leading financial services group, has acted as the exclusive sell side advisor to Egon Oldendorff GmbH & Co. KG, part of the Oldendorff Group, the bank announced. Oldendorff is one of the world's largest dry-bulk operators, ADIB acted on the full sale of its subsidiary Emirates Ship Investment Company LLC. This deal is the first of its kind for ADIB and is in line with its efforts to become a key player in the Investment Banking market. Eships is a leading Shipowner ...  >>MORE

Emirates NBD's up 39% to Dh 7.1 billion in 2015 for the first time in history

Posted on 16/02/2016

Emirates NBD (DFM: EmiratesNBD) held its ninth Annual General Meeting (AGM) at the Bank's Headquarters. At the AGM, Emirates NBD Chairman, H.H. Sheikh Ahmed bin Saeed Al Maktoum, presented a review of the year ended 31st December 2015. Commenting on the operating environment, H.H. said, "The UAE private sector economy has remained resilient in 2015, and with new projects being planned, from theme parks, hotels and infrastructure in the run up to Expo 2020, we can anticipate further healthy ...  >>MORE

ADCB reports net profit of Dh4.927 billion for 2015

Posted on 01/02/2016

Abu Dhabi Commercial Bank (ADCB) on Sunday posted a 17 per cent rise in fourth-quarter net profit. The bank made a net profit attributable to shareholders of Dh1.19 billion in the three months to 31st December, compared to Dh1.02 billion in the corresponding period of the previous year, it said in a bourse statement. ADCB also proposed to pay out a cash dividend of 45 fils per share for 2015, or a total of Dh2.3392 billion (excluding treasury shares) equivalent to 47 per cent of net profit. ...  >>MORE

Dubai Islamic Bank net profit up by 37% to Dh 3,839 million in 2015

Posted on 28/01/2016

Dubai Islamic Bank (DFM: DIB) yesterday announced its results for the year ended December 31, 2015 reporting an increase in the net profit to Dh 3,839 million, up 37 percent compared with Dh 2,804 million for the year 2014. DIB Board of Directors has recommended the distribution of a cash dividend of 45 percent , subject to Central Bank of UAE and AGM approval. Total income increased to Dh 7,546 million, up 21 percent compared with Dh 6,231 million for the year 2014. Whereas net revenue ...  >>MORE

Sharjah Islamic Bank net profit rises by 9% and proposes 10 % cash dividend

Posted on 28/01/2016

The Sharjah Islamic Bank, SIB, has announced that it achieved good results with a net profit of Dh409.9 million in 2015 compared to Dh377.2 million in 2014, a 9 percent increase. The board of directors has also proposed 10 percent cash dividend. The balance sheet reflects the bank's strong performance and sound financial position with total assets reaching Dh 29.9 billion at the end of December 2015 compared to Dh 26.0 billion at the end of 2014, growing by 14.9 percent. Mohammed Abdullah, ...  >>MORE

NBAD announces $10 Billion, 10-year commitment to finance sustainable business

Posted on 19/01/2016

National Bank of Abu Dhabi (NBAD) has yesterday committed to lend, invest and facilitate a total of US$10 billion of financing within the next 10 years to projects focussed on environmentally sustainable activities. The commitment, which is a first for a GCC bank, supports the research from NBAD's: ‘Financing the Future of Energy Report', which identified a funding gap of US$48 trillion dollars required in the next 20 years to meet global energy demand, with renewables playing a critical role ...  >>MORE

Emirates NBD launches Interactive Teller Machine

Posted on 05/01/2016

Emirates NBD has introduced a new generation Interactive Teller Machine, ITM, a first to market innovation that offers customers in the UAE a never-before personalised banking experience via a video personal teller. The ITM, developed by US-based NCR will be offering banking services at extended hours at the bank's Ibn Battuta Mall branch, with four additional locations planned over the next few months. The new ITM is an evolution of the bank's previous ITM installed at the Dubai Mall branch ...  >>MORE

Emirates NBD named Bank of the Year twice by The Banker

Posted on 30/12/2015

The Emirates NBD yesterday announced that it has been named ‘Bank of the Year – UAE 2015' by The Banker. The award, considered among the most prestigious by the global banking community, recognise Emirates NBD's strong financials and pioneering approach to innovation in digital banking. In awarding the top regional and UAE titles to Emirates NBD, The Banker stated that "Emirates NBD has pursued an almost peerless approach to digital and technological innovation over the past 18 months. This ...  >>MORE

UAE Banks Federation reviews strong achievements for 2015

Posted on 23/12/2015

The Chairman of the UAE Banks Federation, AbdulAsis Al Ghurair, has hosted a meeting to review and appraise the work and milestones achieved by the 15 specialised Committees of the Federation over the year, as well as to discuss their business plan for 2016, focusing on innovation. The meeting, held in Dubai, was attended by the chairmen of the committees, who represent a cross section of the organisation's member banks. Items highlighted included the first Trust Index Survey carried out by ...  >>MORE

HBMSU and Zhishang Interculture Communication sign MoU for development of new Islamic economic and financial cooperation

Posted on 20/12/2015

The Dubai Centre for Islamic Banking and Finance (DCIBF) of Hamdan Bin Mohammed Smart University (HBMSU) recently entered into an agreement with Zhishang Interculture Communication (Beijing) Co., Ltd. (ZSICC as listed in Shanghai stock exchange), to facilitate collaboration in matters relating to Islamic economy and banking and finance. The landmark signing of the Memorandum of Understanding (MoU) held at the HBMSU campus. The MoU, which was signed by Dr. Mansoor Al Awar, Chancellor of HBMSU ...  >>MORE

NBF wins "Best Local Bank - UAE" at EMEA Finance Middle East Banking Awards 2015

Posted on 08/12/2015

National Bank of Fujairah, NBF, announced yesterday that it has won the award for ‘Best Local Bank – UAE' at the EMEA Finance Middle East Banking Awards 2015. Organised by EMEA Finance, a bi-monthly publication that covers debt and equity markets, deal making, project finance and transactional banking in emerging Europe, the Middle East and Africa, the awards enters its eight year and is widely seen as a benchmark for excellence in the regional financial services sector. In bestowing the ...  >>MORE

First Gulf Bank records net profit of Dh4.29 billion in first nine months of 2015

Posted on 28/10/2015

First Gulf Bank ( FGB ) posted Dh4.29 billion profit in the first nine months of 2015, up by 4 percent compared to the same period in 2014. The FGB recorded the net profit of Dh1.42 billion in Q3 this year compared to Dh1.43 billion in Q3 last year. Abdulhamid Saeed, Managing Director and Board Member of First Gulf Bank, said despite the growing economic challenges at the regional and global levels, the FGB has achieved good performance during the first nine months of 2015. "We seek through ...  >>MORE

Al Tayer holds series of discussions with finance ministers, officials from IMF and World Bank

Posted on 10/10/2015

LIMA, PERU: Ahead of the annual meetings of the World Bank Group (WBG) and International Monetary Fund (IMF), Obaid Humaid Al Tayer, Minister of State for Financial Affairs headed the UAE delegation participating in the Deauville Partnership Finance Ministers' meeting. Al Tayer met with a number of finance ministers as well as the Fund and Bank's international officials for the Middle East and North Africa region. During the meeting, Younis Haji Al Khoori, Undersecretary of MoF and Khalid ...  >>MORE

Abu Dhabi's NBAD is #1 for GCC bonds- Dealogic

Posted on 07/10/2015

National Bank of Abu Dhabi (NBAD), the Safest Bank in Emerging Markets and the Middle East by Global Finance magazine, is ranked number one bookrunner of Bonds and Sukuk in members of the Cooperation Council for the Arab States of the Gulf (GCC) for the first 9 months of 2015, according to data compiled by Dealogic, a platform utilised by investment banks worldwide to optimise performance and improve competitiveness. This marks the first time a Middle-Eastern bank has been top ranked in this ...  >>MORE

Emirates NBD release UAE PMI data for September

Posted on 06/10/2015

According to survey sponsored by Emirates NBD and produced by Markit, September data was consistent with another robust improvement in business conditions at UAE non-oil private sector firms. Higher output and new orders remained the key drivers of overall growth, supported by further rises in employment and input stocks. That said, the rate of hiring eased to a six-month low at the end of Q3, while growth of total new work was undermined by the first drop in foreign orders since May 2010. On ...  >>MORE

Fitch rates Emirates Islamic Bank 'A+'; outlook stable

Posted on 30/09/2015

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has received an ‘A+' rating by Fitch, the New York and London-headquartered global ratings agency. Fitch has assigned Emirates Islamic a long term Issuer Default Rating (IDR) of ‘A+' with a Stable Outlook, short-term IDR of 'F1', and a Viability Rating (VR) at 'bb-'. The rating agency has affirmed the bank's support rating of '1'. This rating places Emirates Islamic among the highest ranked banks in the UAE and is ...  >>MORE

NBAD becomes first UAE bank to join Equator Principles Association

Posted on 21/09/2015

The National Bank of Abu Dhabi, NBAD, has adopted the Equator Principles, EP, an internationally-recognised benchmark in the financial industry for identifying, assessing and managing environmental and social risk in bank financed projects. NBAD is the first bank in the UAE to sign up to EP, a voluntary set of guidelines based on International Finance Corporation standards on social and environmental sustainability, and on the World Bank Group's Environmental, Health and Safety general ...  >>MORE

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Quick List

FGB second quarter group revenue up 3%


20 UAE banks rank in top 1,000 banks worldwide


FGB partners with UAE Exchange to provide residents with cash advance service


Bank of Sharjah reports H1 2016 net profit of AED176 m


Sharjah Islamic Bank net profit's H1 2016 at AED257 m


Emirates NBD announces first half 2016 Results


Abu Dhabi Commercial Bank reports net profit of AED 2.147 billion in H1, 2016


Emirates Islamic announces H1 2016 results


UAE banking sector growth expected to remain soft in 2016


Noor Bank's US$500 million Tier 1 Sukuk listed on Nasdaq Dubai


Emirates NBD partners with LinkedIn to leverage social selling


Mohamed bin Zayed: Merger of FGB and NBAD will contribute to UAE’s dynamic and sustainable business environment


FGB and NBAD boards recommend merger to create largest bank in the Middle East and North Africa region


HSBC Bank Middle East Limited completes transfer to Dubai International Financial Centre


Sultan Al Jaber hails Asia Infrastructure Investment Bank


MoF to organise reception for UAE banks alongside IMF and World Bank annual meetings in Washington


Emirates NBD donates AED2m to provide 200,000 books for ‘Reading Nation’ Campaign


Ajman Bank raises AED675m through rights issuer


Emirates NBD announces AED 500 million digital transformation plan


Japan confers decoration on Chairman of the National Bank of Abu Dhabi


Emirates NBD signs EGP2 billion loan with the Egyptian Electric Holding Company to finance 2 power plants in the New Capital


UAE Banks Federation holds Ordinary Annual General Meeting, elects new board for the next three years


ADIB releases outlook on regional and global investment climate


Bank of Sharjah announces financial results for the year ended


ADIB acts as sell side advisor to Oldendorff in sale of Eships


Emirates NBD's up 39% to Dh 7.1 billion in 2015 for the first time in history


ADCB reports net profit of Dh4.927 billion for 2015


Dubai Islamic Bank net profit up by 37% to Dh 3,839 million in 2015


Sharjah Islamic Bank net profit rises by 9% and proposes 10 % cash dividend


NBAD announces $10 Billion, 10-year commitment to finance sustainable business


Emirates NBD launches Interactive Teller Machine


Emirates NBD named Bank of the Year twice by The Banker


UAE Banks Federation reviews strong achievements for 2015


HBMSU and Zhishang Interculture Communication sign MoU for development of new Islamic economic and financial cooperation


NBF wins "Best Local Bank - UAE" at EMEA Finance Middle East Banking Awards 2015


First Gulf Bank records net profit of Dh4.29 billion in first nine months of 2015


Al Tayer holds series of discussions with finance ministers, officials from IMF and World Bank


Abu Dhabi's NBAD is #1 for GCC bonds- Dealogic


Emirates NBD release UAE PMI data for September


Fitch rates Emirates Islamic Bank 'A+'; outlook stable


NBAD becomes first UAE bank to join Equator Principles Association