Banking and Finance

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Three-fold surge in impairment loss lands Emirates Islamic in AED482m FY20 loss

FAB FY20 profit drops 16 % to AED10.55b; Sayegh to retire soon

FAB in agreement to acquire Bank Audi’s Egypt subsidiary

Oman’s Abou Nabil heaps Sultanate’s leading banks with $325m bad loans

UAE banks’ assets decline MoM 1.2% to AED3.2tr in November

FAB’s CNY1.5b issue becomes second bond in two days

FAB raises $500 mn through sukuk priced at 1.41%; issue oversubscribed three times

Shuaa-led consortium buys out AED1.13bn debt of SMG

Legacy employees of ‘Catholic Syrian Bank’ now a minority!

Tata Power bags Rs488cr solar project from KSEBL

Emirates NBD may have to issue more bonds this year

Six health assets brought under newly formed Mubadala Health

Gulfa General Investments plans 4-fold increase in paid-up capital

Tabreed and Miral sign cooling agreement for SeaWorld Abu Dhabi

CSB Bank playing safe with large gold loan portfolio

COVID clouds loom large, but banks see a silver lining in India

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