RBI proposes LVB-DBS Bank merger; Lakshmi Vilas under 1-month moratorium MUMBAI/November 17-2020: After shooting down the merger plan of the capital-...
ABU DHABI/November 16-2020: The Central Bank of the UAE (CBUAE) has extended the Targeted Economic Support Scheme (TESS), the key components of its e...
$1 bn issue priced at profit rate of 4.625 pc Amit Chettupuzha DUBAI/ November 14, 2020: Dubai Islamic Bank (DIB), the largest Islamic bank in the co...
Posts AED130 mn 9M profit; negative equity at AED3.85 bn DUBAI/November 14-2020: The auditors of the financially-battered Drake & Scull Internatio...
Emaar 9M profit at AED2.44 bn; revenue at AED13.37 bn DUBAI/November 13-2020: The profit from Leasing & Retail at AED638.69 million has helped hol...
Q3 loss at AED183mn; 9M profit falls 80 pc to AED352 mn DUBAI/November 10-2020: Mashreq bank, the leading Dubai-headquartered private sector bank, ha...
Loss trail continues; 9M loss at AED239 mn DUBAI/November 10-2020: The leading Islamic real estate financier, Amlak Finance, has raised the spectre of...
ADCB to sell insurance business to Orient Insurance Group ABU DHABI/November 6-2020: Abu Dhabi Commercial Bank (ADCB), the third largest bank in the U...
Solvency continues to hold material surplus ABU DHABI/November 5-2020: Abu Dhabi National Insurance Company (ADNIC), the largest insurer in Abu Dhabi ...
ABU DHABI/November 3-2020: Abu Dhabi Islamic Bank (ADIB), the second largest Islamic bank in the UAE, reported a net profit of AED1.12 billion and net...
New subsidiary to go on live by early 2021 ABU DHABI/November 2-2020: First Abu Dhabi Bank (FAB), the UAE's largest bank, is carving out its existing ...
Due diligence on Finablr on as part of Prism takeover offer ABU DHABI/November 2: The race for the acquisition of the prized UAE Exchange Centre may h...
CAR at 10.75 pc against country average of 17.6 pc DUBAI/October 31-2020: Bank of Sharjah (BoS), which has seen its first half (H1) profit plummet 88 ...
Third quarter (Q3) pre-tax loss grows to $39 mn ABU DHABI/October 31-2020: UAE has become the worst performing major market for Standard Chartered Ban...
Jio profit grows187 pc to Rs2844 crore; subscribers at 400 mn MUMBAI/October 30-2020: Reliance Industries Ltd (RIL), the largest capitalised company i...