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
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.
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
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
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
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.
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
Abyaar Real Estate Development Company, Kuwaiti listed, boutique-luxury real estate developer, has launched a private placement of new shares representing 10 per cent of its capital.
As a result of the transaction, the company’s issued and
The exclusive Private Bank of Emirates Bank and National Bank of Dubai has launched its unique Kanzi Solutions offering provident schemes, employee share option plans and deferred compensation schemes designed to give regional companies a competit
Abyaar Real Estate Development Company has appointed NBD Investment Bank as financial advisor and placement agent.
Once approval has been given by Abyaar’s board members following the annual general meeting, which will be held in March, an