Thursday 28 July 2016
 
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Abu Dhabi Islamic

Abu Dhabi Islamic Q2 net profit up 1pc

Abu Dhabi Islamic Bank (ADIB) on Thursday posted a 1 per cent rise in second quarter net profit. The emirate's largest sharia-compliant bank made a net profit of Dh507.5 million ($138.2 million) in the three months ending June

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ADIB offers new merchant solution to SMEs

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, launched a full merchant solution that consists of bundled products and services that cater to the various financial and transactional needs of SMEs in the UAE. The p

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Abu Dhabi Islamic to back key DFRE events

UAE’s Abu Dhabi Islamic Bank (Adib) has become a strategic partner of the Dubai Festivals and Retail Establishment (DFRE) to sponsor and support key festivals and events during 2016. Through the sponsorship, Adib will be the

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Abu Dhabi Islamic to back key DFRE events

UAE’s Abu Dhabi Islamic Bank (Adib) has become a strategic partner of the Dubai Festivals and Retail Establishment (DFRE) to sponsor and support key festivals and events during 2016. Through the sponsorship, Adib will be the

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ADIB’s $137m rights issue oversubscribed 3 times

Abu Dhabi Islamic Bank (ADIB) has raised Dh504 million ($137 million) in its rights issue, which was nearly three times oversubscribed with Dh1.46 billion in subscriptions received. The rights issue, the first tradable rights issu

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Abu Dhabi Islamic eyes Asia, Mena acquisitions

Abu Dhabi Islamic Bank (ADIB), which recently failed in its bid for Citigroup's Egypt retail business, is targeting acquisitions in 2016 in Asia, the Middle East, and North Africa, its chief executive said. Tirad Al Mahmoud sa

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FGB, Adib beat profit estimates for Q2

Abu Dhabi lenders First Gulf Bank (FGB) and Abu Dhabi Islamic Bank posted rises in second-quarter net profits on Wednesday, beating analysts' forecasts. FGB, the second largest lender by market value in the United Arab Emirate

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Abu Dhabi Islamic plans Mideast, Africa growth

Abu Dhabi Islamic Bank expects double-digit growth this year as it expands locally and into Iraq and Egypt to be among the top three sharia-compliant lenders in the Middle East, its CEO said. "We are definitely looking at double-digit grow

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ADIB boss Marar quits after shakeup

Abu Dhabi Islamic Bank said on Sunday Ahmed Darwish Al-Marar had resigned as managing director after the lender named his successor. The bank said last week that Khamis Buharoon, a former chief executive of Commercial Bank International, w

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