Monday 27 February 2017
 
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Emirates Investment Bank profits up

Emirates Investment Bank (EIBank), an independent private bank based in the UAE, today announced a net profit of Dh33.89 million ($9.23 million) for 2016, up 20.5 per cent from Dh28.13 million ($7.66 million) in 2015. Operating income w

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Barwa Bank posts $203m profit

Barwa Bank, a leading Shariah compliant bank in Qatar, recorded a net profit of QR738.8 million ($202.89 million) for 2016. Earnings per share rose to QR2.49, the bank said. The financing portfolio increased by 4.5 per cent from last ye

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Emirates Islamic posts $26.86m profit

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million ($28.86 million) for 2016. Total Income for 2016 (net of customers’ share of profit and distribution to suk

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Hessa Al Ghurair to lead CBI’s CSR programme

Dubai-headquartered CBI, a well-established corporate and retail bank, has appointed Hessa Al Ghurair as its head of corporate social responsibility (CSR). Al Ghurair, who is also CBI’s chief human resources sfficer, will de

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Bank ABC posts $183m net profit for 2016

Bank ABC (Arab Banking Corporation) has reported a consolidated Group net profit of $183 million for the year 2016, 2 per cent higher compared to a profit of $180 million reported for the previous year. Overall during 2016 the gro

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Mashreq Bank posts $520m profit

Dubai-based Mashreq Bank reported a net profit of Dh1.9 billion ($520 million) for the year ending on December 31, 2016. Witnessing a stable growth, Mashreq’s operating income rose 3.2 per cent year-on-year to Dh6.2 billion

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Earn Gulf Air Falconflyer miles with Al Salam Bank visa credit cards

Al Salam Bank-Bahrain has entered into a partnership with Bahrain national carrier Gulf Air, allowing the bank’s visa credit cardholders to earn miles on their everyday purchases that can directly be redeemed towards carrier's Falconfl

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Juma Al Majid launches top European brand

Dubai-based family-owned conglomerate Juma Al Majid Group is set to launch the security safes and bank security products from top European brand Wertheim in the UAE through its office equipment, storage and material handling solution division.

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Kotak set to open first overseas branch in Dubai

Kotak Mahindra Bank, India’s fourth largest private sector lender, said it has received the approval from Reserve Bank of India (RBI) to set up its first international branch in Dubai, UAE. The new unit will be set up at Dub

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Burgan Bank posts $56.87m Q3 profit

Kuwait-based Burgan Bank Group has reported a net income of KD17.2 million ($56.87 million) for the third quarter of this year. The net income for the first nine months of 2016 was KD48.6 million ($160.69 million). Earnings per share fo

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