Abu Dhabi Commercial Bank reports nine month net profit of AED 3.153bn

Abu Dhabi Commercial Bank, ADCB, today reported its financial results for the nine month period ended 30th September 2016. Abu Dhabi Commercial Bank (ADCB) Ala’a Eraiqat, Member of the Board and Group Chief Executive Officer, commented on the results, saying, “The bank delivered strong financial results for the nine month period of 2016, reporting More...

by Staff writer | Published 4 years ago
By Staff writer On Monday, September 5th, 2016

Adoption of bankruptcy law to boost competitiveness of national economy

The Cabinet’s adoption of the bankruptcy law was timely and would make the national economy more competitive and investment environment more attractive, Rashid Al Balushi, CEO of Abu Dhabi Securities Exchange, More...

By Staff writer On Friday, September 2nd, 2016

DIFC posts Strong growth in first half of 2016

Dubai International Financial Centre (DIFC), the leading financial hub for the US$7.8 trillion Middle East, Africa and South Asia (MEASA) region, today announced the successful results of its first half 2016 operating More...

By Staff writer On Wednesday, August 31st, 2016

QIA Acquires USD 622 Million worth Shares in Empire State Realty Trust

Qatar Investment Authority (QIA) has acquired USD 622 million shares in the interest in the Empire State Realty Trust, said QIA in a statement on Tuesday. Empire State Realty Trust, Inc.is a leading real estate More...

By Staff writer On Wednesday, March 9th, 2016

CBQ Raises QR 2 Billion to Boost Capital

The Commercial Bank of Qatar has announced raising QR 2 Billion to boost its capital adequacy ratios. Qatar’s first private bank raised this amount by issuing Additional Tier 1 Perpetual Capital Notes. CBQ More...

By Staff writer On Thursday, March 3rd, 2016

Dubai Islamic Bank to distribute 45% cash dividend for 2015

Dubai Islamic Bank, DIB, has announced the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year, following the conclusion of its Annual General Meeting, AGM. Dubai Islamic Bank The More...

By Staff writer On Sunday, February 28th, 2016

Sharjah Islamic Bank approves cash dividend of 10%

Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in More...

By Staff writer On Tuesday, February 16th, 2016

Emirates NBD profit up 39% in 2015

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 More...

By Staff writer On Sunday, February 7th, 2016

KHCB reports 109.8% increase in net profits over 2014

Khaleeji Commercial Bank (KHCB), a prominent Islamic retail bank, announced its financial results for the year ended 31 December 2015 recording net profit of BD 8 million compared to BD 3.8 million reported in 2014. The More...

By Staff writer On Sunday, January 31st, 2016

Finance House maintaining its credit rating

Finance House has announced its Corporate Credit Rating of “BBB-” (Long-Term) and “A3” (Short-Term). With both Investment Grades recently affirmed by Capital Intelligence (CI), the international More...

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