Banks boost Saudi on Riyad earnings, Dubai’s DSI jumps

Riyadh Bank is one of first Saudi banks to report * Saudi Kayan climbs on Q3 earnings beat * Dubai's Drake & Scull up more than a third this month * Abu Dhabi's Dana Gas up after reassurance on Kurdistan * Egypt's Alexandria Flour Mills leaps on dividend ... ( read original story ...)

UAE banking profit growth driven by non-ordinary factors

Let’s take a deep look at the Q3 financials reported by listed companies in the heart of the economy – the banking sector. I chose the heart as analogy because the heart keeps the blood in circulation which keeps the body alive, just as the banks keep ... ( read original story ...)

Dubai Bank Targets Antwerp Diamond Clients

It will enable the bank to service Antwerp-based companies with dollar-based lending in Dubai. NBF opened its diamond-focused branch in 2015 and Blommaert reported it had gained steady market share since, ranking behind ABN Amro as the second-largest ... ( read original story ...)

Mashreq Bank seeks to transform sales with Dynamics 365

This innovation will allow Mashreq to solidify its place as a market leader.” Now celebrating its 50th anniversary, Mashreq Bank is one of the UAE's leading financial institutions. Its retail business spans the GCC region, including markets such as Egypt ... ( read original story ...)

BRIEF-Commercial Bank of Dubai 9-month profit falls

* NINE-MONTH TOTAL REVENUE 1.99 BILLION DIRHAMS VERSUS 1.80 BILLION DIRHAMS YEAR AGO * AS OF END SEPT LOANS AND ADVANCES STAND AT 47.5 BILLION DIRHAMS, UP 14.9 PERCENT YEAR-ON-YEAR * AS OF END-SEPT 2017, CUSTOMER DEPOSITS STAND AT 47.5 BILLION DIRHAMS, UP ... ( read original story ...)