Thursday 2 April 2015
 
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Emirates NBD bond may signal more euro issues from Gulf

More borrowers from the Gulf are likely to sell euro-denominated bonds after this week saw the first such benchmark issue by a Gulf financial institution in at least nine years, bankers say. Emirates NBD (ENBD), Dubai's larges

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UAE on solid growth path 'driven by non-oil investments’

The UAE has been on a firm growth trajectory which has enabled the country to consolidate its position as the second largest Arab economy, propelled by non-oil related investments, continued buoyancy in trade and services, and a booming tourism

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UAE on solid growth path 'driven by non-oil investments’

The UAE has been on a firm growth trajectory which has enabled the country to consolidate its position as the second largest Arab economy, propelled by non-oil related investments, continued buoyancy in trade and services, and a booming tourism

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Emirates NBD Q3 profit doubles

Emirates NBD, Dubai's largest lender, beat analysts' forecasts on Wednesday as it reported a doubling of third-quarter net profit, aided by a fall in provisioning. The lender, 55.6 per cent owned by state fund Investment C

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Emirates NBD signs key legal training deal

Emirates NBD, a leading bank in the region, has signed a strategic deal with Maktoum Bin Mohammed Al Maktoum Initiatives for Legal Excellence, extending support through 2014, for various initiatives from Dubai Courts. The partners

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Emirates NBD net profit up 34pc

Emirates NBD, a UAE-based bank, has posted a net profit of Dh2.6 billion ($707.8 million) for the nine months ended September 30, up 34 per cent as compared to the same period last year. The net profit for the third quarter was Dh

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NBD signs up to StanChart euro account

Egypt’s National Bank for Development (NBD), in co-operation with Abu Dhabi Islamic Bank Group has signed up to Standard Chartered's Islamic Euro Nostro account, which enables Islamic banks to earn Shariah-compliant profits on their ac

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Egypt's NDB reduces loss to $83m

Egypt's National Bank for Development (NBD) said on Thursday its net loss for 2009 fell to 458.1 million Egyptian pounds ($83.06 million) from 738.9 million in 2008. Loans to customers dropped to 2.22 billion pounds as of Dec 31 from 3.24

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Top UAE banks ‘face tough 2009 on provisions’

Downbeat prospects for the UAE’s economy, combined with provisions as a result of debt trouble at two Saudi conglomerates is likely to dampen profits of the UAE's biggest banks for the remainder of 2009, analysts say. Second-quarter re

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NBD marketing campaign wins award

Emirates NBD’s innovative co-branded credit card NBD-Dnata has received the best marketing campaign award given as part of the MasterCard Asia/Pacific Middle East and Africa Product Awards 2008. Emirates NBD is the largest banking group in

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