Dubai’s private sector economy registered a slower expansion of business activity in October, with the rate of growth edging down to the slowest rate since February 2010, a report said.
According to sub-sector data, weaker g
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.
Dubai’s private sector firms continued to experience robust growth in September helped by growth across travel & tourism, wholesale & retail and construction sectors, a report said.
However, overall rates of business
Business activity growth in the UAE’s non-oil private sector accelerated in August to a six-month high, while the same in Saudi Arabia rose to a five-month high during the month, buoyed by the impact of increasing oil production, a survey
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, made a net profit of Dh1.56 billion ($424.7 million) in the third quarter (Q3) of the year aided by a fall in provisioning, compared to Dh775 million ($211 million) in the same period last year.
Emirates NBD (ENBD), Dubai's largest lender, has priced a 100 million New Zealand dollar ($77.6 million) five-year bond, in what the lender said was a first in the currency from a Middle Eastern borrower.
The six per cent coup
Emirates NBD (ENBD), Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said on Monday, looking to take advantage of favourable markets to strengthen its reserves.
Emirates NBD has issued A$400 million ($371 million) Fixed Rate Notes, maturing in 2019, off Its A$1,500 million Debt Issuance Programme.
The notes are rated Baa1 by Moody’s and A+ by Fitch and pay a fixed rate coupon of 5.7
Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts.
The lender, 55.6-percent owned by state fund Inv