Thursday 18 December 2014
 
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UAB

United Arab Bank backs UAE-Turkey business

United Arab Bank (UAB) has set up a dedicated desk to support Turkish businesses in the UAE, providing access to UAE contacts and networks, in a quest to become the preferred local bank for the Turkish business community in the UAE.

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UAB launches mobile banking app

United Arab Bank (UAB), the UAE’s fastest growing retail bank, has introduced a free mobile banking app allowing its customers to have secure and easy access to their accounts. Paul Trowbridge, chief executive officer said:

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UAB profit for H1 tops $70m

United Arab Bank (UAB) reported a strong net profit of Dh260 million ($70.7 million) for the first half of this year, representing an increase of 35 per cent over the same period in 2012. These results reflect the highest half yea

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Al Baraka chief to speak at key forum

Adnan Ahmed Yousif, board member of the Union of Arab Banks (UAB) and president and chief executive of Al Baraka Banking Group, was today announced as the keynote speaker for the upcoming “Professional Liability Insurance Forum,” t

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UAB, Al Ansari partner for payment solution

UAE-based United Arab Bank has entered into strategic partnership with Al Ansari Exchange (AAE), a top exchange company, towards providing an additional payment collection facility for its credit card customers. With immediate eff

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80pc of Arab banks ‘ready for new rules’

Eighty per cent of Arab banks are in a position to meet new international regulations on the level of reserves they need to hold while all banks in Bahrain meet these standards, said a top official. Union of Arab Banks (UAB) chair

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UAB declares 25pc ividend for 2012

Sharjah-based United Arab Bank (UAB) has declared a cash dividend of Dh249.1 million ($67.8 million) at the rate of 25 per cent out of the record annual net profit of Dh410 million, after its annual general meeting held yesterday.

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United Arab Bank sees stable Q4 results

United Arab Bank (UAB) expects fourth-quarter earnings growth to be "stable and broadly in line" with previous quarters, reflecting conditions in its main markets, its chief executive said in an interview. "We generally don't like to provi

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Qatar Commercial buys stake in Sharjah bank

Commercial Bank of Qatar said it bought 14.7 percent of Sharjah-based United Arab Bank, the first stage of its plan to acquire as much as 40 percent of the lender to enter the United Arab Emirates. Qatar Commercial bought 104.57 million sh

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Qatar Commercial seeks $800m for UAE bank stake

Commercial Bank of Qatar is borrowing $800 million to help fund its acquisition of the United Arab Bank of the United Arab Emirates, two bankers involved in the transaction said on Thursday. Commercial Bank said last month it had won initi

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