First Abu Dhabi Bank profits dip 3.5% in ‘soft market’

First Abu Dhabi Bank (FAB), the UAE's largest bank, on Monday announced that net profit for 2017 dropped 3.5 per cent to Dh10.92 billion as compared to Dh11.52 billion in the previous year. The group's revenue also declined four per cent year on year to ... ( read original story ...)

Dubai Islamic Bank : plans to raise Dh1.64b via rights issue

Dubai: Dubai Islamic Bank (DIB) has said it is seeking shareholder approval for a plan to raise Dh1.647 billion on the Dubai Finacial Market by issuing additional shares. Shareholders will have a right to buy one share for every three shares held and will ... ( read original story ...)

Iranians’ banking problem in China settled

He went on to say that Central Bank of Iran is finding a market instead of United Arab Emirates (UAE) for banking and monetary exchanges in the Persian Gulf region. Reopening Iranian accounts in China is the result of intensive and tough negotiations made ... ( read original story ...)

Bahrain’s Ithmaar Bank plans aggressive expansion in Pakistan

Dubai: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalise on the country’s low penetration rate of banking services, a senior executive said. Ithmaar Bank owns 66 per ... ( read original story ...)

Bahraini bank plans aggressive expansion in Pakistan

Al-Mutawa was speaking after Ithmaar Bank's parent company, Ithmaar Holding, listed on the Dubai Financial Market on Monday. The company is already listed in Bahrain and Kuwait. "The listing is good news for the company for growth capital and we are well ... ( read original story ...)

UAE-based real estate investment trust completes $210m deals

It said Abu Dhabi Islamic Bank has contributed 165 residential units located in ... "This is our second REIT in the UAE to achieve critical size and attract key institutional investors and we are very pleased with the support we have received from our ... ( read original story ...)

Abu Dhabi Commercial Bank Q4 net profit up 7%

Abu Dhabi Commercial Bank posted a 7 percent rise in fourth-quarter net profit ... 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 ...)