Mashreq's CEO, AbdulAziz Al Ghurair, said: “It has been a period of muted growth for the UAE banking system with the banking sector gross credit growing by only 0.3 percent as of August. However at Mashreq we have been successful in increasing our loan ... ( read original story ...)
Second food bank site opens in Dubai
Labourers queued up to collect food packages which were being distributed at the launch of the second food bank site in Dubai on Monday, which is also World Food Day. More than 1,000 construction workers, cleaning and maintenance staff stood in lines for ... ( read original story ...)
Dubai Islamic Bank : UAE banks set for resilient third quarter results
Dubai: The UAE banking sector performance is expected to be resilient in the third quarter of this year despite a slowdown in economic growth resulting in modest balance sheet growth across the banking sector. Analysts expect no major surprises except the ... ( read original story ...)
Dubai Islamic Bank : assets cross AED200 bn
Dubai Islamic Bank, the largest Islamic bank in the UAE by total assets, on Wednesday reported a 10 percent rise in nine-month net profit to AED3.3 billion ($900 million) compared to the same period in 2016. Total income increased to AED7.5 billion for the ... ( read original story ...)
Dubai Financial Market : Emaar Properties to initiate new batch of UAE IPOs – Report
Dubai – Mubasher:UAE bourses are highly anticipating the resumption ... Emaar a market booster Financial analyst at Menacorp Issam Kassabieh forecasts that Emaar Development’s IPO will be main market booster in the UAE in the coming period, indicating ... ( read original story ...)
UAE online transactions grow to $12bn
Payfort’s 'State of Payments in the Arab World' report found the highest rates of growth to be in Saudi Arabia (27 percent), Egypt (22 percent) and the UAE (21 percent). The report included data on four other key countries (including Jordan, Kuwait ... ( read original story ...)
Saudi Aramco denies plans to shelve international IPO
FT report on Saudi Aramco IPO is entirely speculative ... Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)
Saudi Arabia could limit initial Aramco IPO to Riyadh exchange
"No decision has been made and the IPO process remains on track," he said ... Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)
Saudi Aramco in stake sale talks with Chinese investor: sources
DUBAI/NEW YORK (Reuters) - Saudi Aramco is considering the sale ... oil company to a Chinese investor is being evaluated as a precursor to the international IPO, according to two sources who spoke on condition of anonymity as the information was not ... ( read original story ...)
What do the numbers say about the Kuwaiti banking system?
Read: INSIGHT: Unveiled Qatar Billions to Underwrite Banks According to a recent study by the First Abu Dhabi Bank, the UAE’s banking system comprising of 48 banks affords great financial solvency and reaps the fruits of an open economic and financial ... ( read original story ...)