Tuesday 31 May 2016
 
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First Gulf Bank

First Energy Bank names chairman

Bahrain-based First Energy Bank (FEB), a Sharia-compliant investment bank, has announced the appointment of Khaleefa Butti Omair as its new chairman, succeeding Khadem Al Qubaisi, reported the Gulf Daily News, our sister publication.

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First Energy Bank names chairman

Bahrain-based First Energy Bank (FEB), a Sharia-compliant investment bank, has announced the appointment of Khaleefa Butti Omair as its new chairman, succeeding Khadem Al Qubaisi, reported the Gulf Daily News, our sister publication.

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First Gulf Bank's senior executives step down

First Gulf Bank's most senior investment banker and its head of global markets sales have both left their positions at Abu Dhabi's largest bank by market value, sources aware of the matter told Reuters on Tuesday. The pair

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First Gulf Bank Q4 net profit rises 11pc

First Gulf Bank, the third-largest lender by assets in the UAE, beat estimates on Sunday as it posted an 11 percent rise in fourth-quarter profit. FGB made a net profit of Dh1.72 billion ($468.4 million) in the three months ending

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First Gulf raises $1bn in three-year loan

First Gulf Bank (FGB), the third largest lender by assets in the United Arab Emirates, has raised $1 billion in loans in order to boost lending as liquidity in the economy tightens, banking sources said. Banks in the Gulf are turn

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First Gulf Bank Q1 profit falls short of estimates

First quarter net profit from First Gulf Bank (FGB) failed to match analyst estimates on Wednesday despite rising by 7 per cent thanks to higher fee income. Defying fears that a lower oil price might start to impact the profitabil

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Gulf Capital closes $231m credit facility

Gulf Capital, a top alternative asset manager, has closed a Dh850 million ($231 million) syndicated revolving credit facility lead arranged by Abu Dhabi Commercial Bank as initial mandated lead arranger and First Gulf Bank as mandated lead arran

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First Gulf Bank Q4 net profit up 13pc

First Gulf Bank, the third-largest lender in the UAE by assets, beat analysts estimates on Wednesday after posting a 13 per cent rise in fourth-quarter net profit. It was helped by setting aside significantly less cash for bad loa

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First Gulf Bank eyes Asia for expansion

First Gulf Bank (FGB) is looking at options to expand in Asia, a senior executive said on Thursday, as it seeks to diversify away from the congested market in the UAE. Banks from the Gulf state - and the region in general - have b

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First Gulf Bank posts 16pc profit hike

First Gulf Bank (FGB), the second-largest lender by market value in the UAE, posted a 16 per cent increase in second-quarter net profit on Tuesday, in line with the average estimate of analysts.

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