International

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2.4 fold rise in impairment allowance at AED1.4b lands NBF in AED475m loss

Court proceedings against former DSI CEO begin in Amman court

Emirates NBD FY20 profit falls 52% to AED6.97b

Process to merge Insurance Authority into Central Bank of UAE begins

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

Aldar gets huge mandate for ‘capital projects’

Tabreed and Masdar expand collaboration efforts

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

Arabtec mulls selling its prestigious subsidiaries – Target and AES

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

At last, thaw in UAE-Qatar relationship!

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