First Abu Dhabi Bank, the largest lender in the country, is ranked first in the UAE, fourth in the Arab world and 303rd globally.
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Emirates Foundation distributes 16,000 meals across UAE
Mohanna Al Mheiri, Chief of Staff at the Emirates Foundation said: “The Emirates Foundation aims to bring together the efforts of the private and public sectors and strengthen their roles in …
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MIDEAST STOCKS-Saudi stocks extend gains, Aramco touches IPO price as oil prices jump
Saudi Arabian shares opened higher on Monday, extending gains from the previous session, as a jump in oil prices and positive corporate earnings from the banking sector boosted the stocks. May 18 …
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RPT-Saudi Arabia’s wealth fund seeks IPO of information security firm Elm -sources
Saudi Arabia’s sovereign wealth fund is considering an initial public offering of its information security company Elm, three sources familiar with the matter told Reuters.
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Dubai Islamic Bank donates AED3 million in support of Khalifa Foundation’s programmes
ABU DHABI, 17th May, 2020 (WAM) — The Khalifa bin Zayed Al Nahyan Foundation has received AED3 million of financial support from the Dubai Islamic Bank, DIB. The support will assist in carrying out …
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Saudi Arabia’s wealth fund seeks IPO of information security firm Elm: sources
Saudi Arabia’s sovereign wealth fund is considering an initial public offering of its information security company Elm, three sources familiar with the matter told Reuters.
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First Abu Dhabi Bank puts talks to acquire Bank Audi’s Egyptian business on hold
First Abu Dhabi Bank (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi due to difficult market conditions, two sources told Reuters. FAB, the United Arab Emirates …
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Coronavirus: UAE banks can defer both principal, interest of customers
The UAE Central Bank on Saturday said banks can defer both interest/profit and principal repayment under the stimulus programme offered to them to extend support to customers impacted by Coronavirus.T …
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UAE banks’ workforce rises in March; foreign banks lead
The total number of employees working in the UAE banking sector increased by 201 to 35,838 month on month in March 2020.
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4,300 needy families receive help, thanks to Dubai-based bank’s donation
More than 4,300 families have received financial support from a charity association in Ras Al Khaimah, thanks to the Dh12.8-million donation of Dubai Islamic Bank. Each family received about Dh1,500 …
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Combating coronavirus: UAE banks’ workforce increases in March, foreign banks lead
The total number of employees working in the UAE banking sector increased by 201 to 35,838 month-on-month in March 2020.
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Coronavirus relief: UAE names banks that availed over 50% of stimulus package funds
The UAE Central Bank on Saturday named 17 banks who had availed more than 50 per cent of the allocated stimulus liquidity facility offered to them to extend support to their customers affected by the …
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UAE Central Bank says lenders draw down 77% of Dh50bn facility against Covid-19 impact
Banks and financial institutions have drawn down more than three quarters of the Dh50 billion worth of interest-free loans provided by the Central Bank of the UAE to relieve businesses and individuals …
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Over 4,300 needy families in UAE receive up to Dh5,000 each, thanks to bank’s donation
More than 4,300 families have received financial support from a charity association in Ras Al Khaimah, thanks to the Dh12.8-million donation of Dubai Islamic Bank. Each family received about Dh1,500 …
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BRIEF-UAE central bank says 77% of 50 bln-dirham facility against coronavirus impact drawn down
UAE CENTRAL BANK SAYS 77% OF 50 BILLION DIRHAM LIQUIDITY FACILITY AGAINST CORONAVIRUS IMPACT HAS BEEN DRAWN DOWN – STATEMENT * CENTRAL BANK URGES BANKS TO DRA …
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COVID-19 response: Top UAE banks availed 100% of their share in TESS liquidity facility
Dubai: The Central Bank of the UAE (CBUAE) said on Saturday that, To incentivise banks and finance companies to draw-down more from the TESS liquidity zero cost funding facility designated to be used …
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UAE- Arab Bank’s Q1 net profit plunges 36%
Arab Bank Group reported net income after tax for the first-quarter of 2020 of $147.6 million as compared to $231.8 million for the prior period, recording a decrease of 36 per cent. Total loans …
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