How landmark projects impact Dubai real estate value

The influence that an iconic project can have on its locale is often quite dramatic. Apart from becoming a magnet for activity and development, trophy properties or iconic projects have the ability to change the value of nearby real estate. In Dubai ... ( read original story ...)

Abu Dhabi’s bike share system is expanding

is moving out of its pilot phase and expanding across more locations in Abu Dhabi from early February, one of its founders told Gulf News. “The pilot phase was very successful, so we are increasing the number of stations from 11 to 50, which means more ... ( read original story ...)

ADCB’s fourth-quarter net profit falls 16%

The Egyptian investment bank EFG-Hermes has forecast that profit at nine UAE banks it covers would fall by 8 per cent year-on-year in the fourth quarter because of a rise in provisions and tighter spreads. It forecast ADCB’s net profit would decline 18 ... ( read original story ...)

Economic challenges push ADCB profits down 16%

Dubai: Abu Dhabi Commercial Bank (ADCB) reported on Tuesday a 16 per cent year-on-year decline in net profit attributable to equity shareholders that reached Dh4.15 billion in the full-year 2016 from Dh4.9 billion in 2015. The figure puts net profit for ... ( read original story ...)

Citi Private Bank eyes 15% growth in UAE revenue this year

Dubai: With $374 billion (Dh1.37 trillion) of assets under management globally, Citi Private Bank (CBP) expects a 15 per cent growth in revevues and assets in the UAE this year, even as it eyes investment opportunities in private equity to fund small ... ( read original story ...)

Emirates NBD launches Green Auto loan with preferential pricing

Emirates NBD, a leading bank in the region, announced today the launch of a Green Auto Loan product in line with its commitment to support the UAE’s transformation into a low-carbon economy, as part of UAE Vision 2021. The Green Auto Loan has been ... ( read original story ...)

UAE's First Gulf Bank reports 11 pct fall in Q4 profit

DUBAI Jan 31 First Gulf Bank (FGB), Abu Dhabi's third-largest lender by assets, reported an 11 percent fall in fourth-quarter net profit on Tuesday but narrowly beat analysts' expectations. FGB, which is being merged with rival National Bank of Abu Dhabi ... ( read original story ...)

Emirates Bank for Volunteering established

Zayed Giving Initiative, ZGI, the UAE Societal Voluntary Programme, and Tadreeb National Training, Tadreeb, have signed an agreement to establish and manage the first specialised bank for volunteers. The bank will target volunteers across community ... ( read original story ...)

UAE Central Bank Board reviews Q4 Report for 2016

ABU DHABI, 31st January, 2017 (WAM) -- The Board of Directors of the UAE Central Bank has reviewed the bank’s Q4 Report for 2016, which covered various banking related issues. The 1st meeting in 2017, held under the chairmanship of Khalifa Mohammed Al ... ( read original story ...)