2008
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ADCB Q3 profit drops 26%
Abu Dhabi Commercial Bank has reported that its profit fell in the third quarter of 2008... Read full article »
Sharjah Islamic Bank's net profit climbs 67%
Sharjah Islamic Bank said it posted a net profit of Dhs287.1m ($78m) in the third quarter of... Read full article »
Emirates NBD net profit rises 13%
Emirates NBD, the Middle East's largest banking group by assets, has reported a 13% increase in... Read full article »
UAE begins injecting Dhs25bn in banks
The UAE's Ministry of Finance said on Tuesday that the country's central bank has begun to inject... Read full article »
NBAD profit dips below estimates
National Bank of Abu Dhabi, the UAE's second-biggest bank by assets, has reported that its third-... Read full article »
Saudi central bank pumps $3bn in banking system
The Saudi central bank has injected between $2-$3bn into the banking system in the form of... Read full article »
Merrill Lynch to open Qatar and Kuwait offices
Troubled US bank Merrill Lynch is to expand operations in Qatar and Kuwait, reported Bloomberg.... Read full article »
ADIB profit up 52.5%
Abu Dhabi Islamic Bank has released its financial results for the third quarter of this year,... Read full article »
Emirates Islamic Bank Announces its Profit Rates on deposits
Emirates Islamic Bank (EIB) announced today higher profit rates on customer deposits for the... Read full article »
Al Ahli Capital acquires The Capital Partnership
Al Ahli Capital, the investment arm of the National Commercial Bank of Saudi Arabia (Al Ahli),... Read full article »
Shuaa Capital affected by Lehman Brothers crisis
Shuaa Capital CEO, Iyad Al Duwaji, announced that Dhs78.6mn of losses that the company witnessed... Read full article »
Emirates NBD profits rise by 50%
Emirates NBD PJSC profits for the third-quarter 2008 have seen a jump by 50% this week as a... Read full article »
China bank opens ME subsidiary
The Industrial and Commercial Bank of China has announced the launch of its operations in the... Read full article »
Bahrain says no bank collapse
Central Bank of Bahrain has dismissed unfounded rumours that a Bahrain-based bank was about to... Read full article »
Saudi Hollandi seeks $400m sukuk
Saudi Hollandi bank plans to seek shareholder approval to sell 1.5 billion riyals ($400m) of... Read full article »
