Banking and FinanceTop StoriesReasons behind UAE banks’ huge surge in net incomeGBO CorrespondentSeptember 14, 2022September 13, 2022 GBO CorrespondentSeptember 14, 2022September 13, 2022 The top ten lenders in UAE had their net income increase by...
Islamic FinanceTop StoriesEgypt completes $3bn loans of green and Islamic financingGBO CorrespondentJanuary 17, 2022 GBO CorrespondentJanuary 17, 2022 The loans were provided by Emirates NBD and First Abu Dhabi Bank...
Banking and FinanceTop StoriesUAE’s major lenders announce $4 bn profit during H1: Moody’sGBO CorrespondentSeptember 2, 2021 GBO CorrespondentSeptember 2, 2021 Moody’s reported that four major bank’s combined net profit increased from last...
Top StoriesDubai Islamic Bank agrees to increase foreign ownership limit to 40%GBO CorrespondentMarch 17, 2020 GBO CorrespondentMarch 17, 2020 Currently the foreign ownership limit in the bank is 25%...
Top StoriesUAE’s four largest banks’ profitability to remain strong in 2020GBO CorrespondentFebruary 27, 2020 GBO CorrespondentFebruary 27, 2020 The combined net profit of the four banks increased 13 percent to...
Top StoriesFAB raises over Dh3 bn in its first Sterling bond, Kangaroo bondGBO CorrespondentFebruary 17, 2020 GBO CorrespondentFebruary 17, 2020 The two bonds will be listed on London Stock Exchange and Australian...