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 …
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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 …
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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 …
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Dubai Islamic Bank : celebrates first UAE National win in “Double Your Salary” Promotion
Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, has announced the first UAE National as the grand winner in the fourth draw of its hugely successful ‘Double Your Salary’ campaign, held at DIB’s Reef Mall Branch. DIB’s ‘Double Your Salary …
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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.
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NRI businessman uses Kerala minister’s name to threaten Dubai bank
Kochi: A Kerala minister’s name has allegedly been used to threaten the agent of a Dubai bank when it sought the repayment of a loan given to an NRI businessman. The bank’s representative in India has complained to the chief minister Pinarayi Vijayan and …
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Aramco IPO seen transforming global stocks with $1.5trn value
“People focus on Aramco as being the key thing,” said Salman Bajwa, chief executive officer of Dubai-based Emirates NBD Asset Management … economic and markets space. The Aramco IPO will be the confirmation that one phase of structural reforms …
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Dubai bank hires woman for top Saudi job amid social change
Emirates NBD Capital, the investment banking unit of Dubai’s biggest lender, joined Citigroup and Samba Financial Group in appointing a woman to lead its operations in Saudi Arabia as the kingdom embarks on unprecedented economic and social changes.
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Aramco CEO says post-IPO royalty payments will link to oil prices
The Aramco IPO would be one of the biggest events on financial markets … 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.
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UAE, Saudi business confidence dips over VAT launch
Business confidence in the UAE and Saudi Arabia dipped ahead of the launch of VAT due to concerns over increased consumer costs, according to a new survey. The survey of global CFOs and finance professionals conducted by the Association of Chartered …
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Dubai Financial Market : UAE bourses to revive on upcoming financial results – Analysts
Dubai – Mubasher: Firms’ annual financial results and subsequent dividend distributions are likely to act as the main market-boosting catalyst to the UAE bourses’ liquidity. The Emirati banks’ financial results, which were announced over the past …
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UAE removed from EU uncooperative tax haven list
The UAE Ministry of Finance welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to—and will continue to do so—locally and …
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EU removes UAE from ‘’uncooperative tax havens’ list
The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally. Younis Haji Al …
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Commercial Bank International Appoints Zainal as Head of Retail Banking
Commercial Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
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UAE demand for business loans up marginally in Q4
Demand for business loans in the UAE increased marginally in the fourth quarter of last year, mainly because of stronger demand in Dubai, while total demand for personal loans was flat, a central bank survey showed on Tuesday. The net balance measure for …
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Dubai bank acquires Amazon’s new logistics centre
Dubai investment bank Rasmala has acquired two logistics facilities in Germany for $185 million (€154 million), including Amazon’s major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million.
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CBI appoints Zainal as head of retail banking
COMMERCIAL Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
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