Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and North Africa region expressing interest in the business, sources familiar with the matter said on Tuesday.
Dubai's largest lender, Emirates NBD (ENBD), reported a 16 per cent rise in second-quarter net profit on Monday, broadly in line with analysts' forecasts, aided by a cut in the amount of cash it sets aside to cover bad debt.
Emirates NBD, a leading bank in the region, today announced the appointment of Gary Dugan as its chief investment officer – wealth management.
An accomplished investment professional with over 30 years of experience with som
Emirates NBD (ENBD), Dubai’s largest lender, posted a net profit of Dh5 billion ($1.36 billion) for the first nine months of the year compared to Dh3.9 billion during the same period of 2014, marking an increase of 27 per cent.
Network International, a developer of payment processing solutions, is considering strategic options including an initial public offer, Dubai-based lender Emirates NBD said on Tuesday, referring to the firm as its affiliated associate.
Emirates NBD (ENBD), Dubai's largest lender, posted a 26 per cent rise in second-quarter net profit on Wednesday, slightly missing analysts' forecasts.
The lender, 55.6-per cent owned by state fund Investment Corp of Dubai
Emirates NBD (ENBD), Dubai's largest bank, expects its loan growth to be between 5 and 7 per cent in 2015 and for the coming year to be "very profitable" despite the falling oil price, its chief executive said on Wednesday.
Emirates NBD, Dubai's largest lender, priced an A$450 million ($348 million), seven-year kangaroo bond issue on Wednesday, the longest maturity from a Middle Eastern issuer in that market to date.
The bond was priced with a 4.
Emirates NBD (ENBD), Dubai's largest bank, on Sunday reported a 82 per cent leap in fourth-quarter net profit, broadly in line with analysts' forecasts, because of strong growth across its business as the emirate's economy boomed.
Emirates NBD trimmed its 2014 loan growth forecast but raised its expectations for how much lending would earn it this year after reporting an estimate-beating 34.8 percent jump in second-quarter net profit.
Dubai's largest le