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Banking and Finance

Banking and Finance latest

FAB delivers 7% growth in H1’26 operating income to AED 19.50 billion and a profit before tax of AED 13.20 billion
July 24th, 2026 - 06:04 GMT

FAB delivers 7% growth in H1’26 operating income to AED 19.50 billion and a profit before tax of AED 13.20 billion

First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions, delivered a strong performance in the first half of 2026. In Q2’26, profit before tax rose 16% sequentially and 6% year on year to AED 7.08 billion, reflecting the resilience of its diversified business model, disciplined execution, and continued client activity across its franchise. The Group reported a 7% yoy growth in operating income to AED 19.50 billion and a 3% yoy increase in profit before tax to AED 13.20 billion ...
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Property prices in Dubai slid by 7.4 percent from a year earlier in the third quarter, accelerating from a 5.8 percent decline in the previous quarter, the UAE central bank said in a report on Tuesday. (Shutterstock)
December 9th, 2018 - 03:37 GMT

Dubai Stock Market Hits Lowest Mark Since Five Years

One-year bills worth about $1.15 billion are due to mature on the same day. The average yield on those bills was 3.495 percent. (Shutterstock)
December 9th, 2018 - 03:05 GMT

Egypt Confirms $1 Billion One-Year Dollar T-Bills Auction on Monday

Sohar Islamic delivered a donation covering the cost of workshops intended to help women in Salalah learn how to start and market home-based businesses.
December 6th, 2018 - 06:15 GMT

Sohar Islamic Extends Support to Omani Bahjah Orphan Society

Wessam Al Asfoor, Head of its privilege and private banking division, Sadara Wealth Management at NBO
December 5th, 2018 - 01:08 GMT

NBO Announces New Head of Sadara Wealth Management

The DFSA and Bank Negara Malaysia have long enjoyed a strong and close relationship, particularly in the area of Islamic Finance.
December 5th, 2018 - 10:25 GMT

DFSA Signs MoU With Bank Negara Malaysia

Picture of Vince Cook alongside the latest batch of the Management Training Programme participants
December 5th, 2018 - 08:55 GMT

National Bank of Fujairah Welcomes the Latest Batch of Management Training Programme Participants

Standard Chartered has not yet officially made the strategy public. (Shutterstock)
December 5th, 2018 - 07:09 GMT

Standard Chartered Bank to Cut 100 Jobs in Dubai

During the event
December 5th, 2018 - 06:17 GMT

Bank Sohar Launches Erteqa’a Plus Leadership Development Programme in Collaboration With Harvard Business Publishing

By signing up for ADCB Emirati, customers can benefit from priority services such as a dedicated relationship officer, valet parking, and a special queue at ADCB branches.
December 4th, 2018 - 12:45 GMT

ADCB Launches ‘ADCB Emirati’ – Bespoke Banking Service for UAE Nationals

NBO Sponsors Avenir Career Expo to Inspire Indian Youth in Oman
December 3rd, 2018 - 11:45 GMT

NBO Sponsors Avenir Career Expo to Inspire Indian Youth in Oman

The Exclusive Category’s yearend draws of the Al Mumayaz Savings Scheme will see four winners claim OMR 50,000 each.
December 3rd, 2018 - 11:26 GMT

Bank Sohar to Award OMR 200,000 to Four Lucky Winners

A number of foreign banks which used to write letters to Iran a few days ago saying it would be impossible for them to continue cooperation with Iran due to sanctions are now saying that they want to resume cooperation with Tehran in the face of US sanctions. (Shutterstock)
December 3rd, 2018 - 07:12 GMT

Will European Banks Ditch US Sanctions Altogether and Deal With Iran Directly?

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