Results for
emirates nbd
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Coronavirus: Dubai’s biggest bank Emirates NBD reports 69 pct dive in profit for Q3
Dubai’s biggest bank Emirates NBD posted on Tuesday a 69 percent slump in quarterly profit, as bad debt charges rose due to the COVID-19 crisis, while ... Coronavirus -
Dubai’s biggest bank Emirates NBD sets $700 million aside to cover coronavirus losses
Emirates NBD PJSC set aside about $700 million in the first quarter to cover bad loans, giving investors a glimpse at the damage the coronavirus and ... Coronavirus -
Emirates NBD announces net profit up 44 pct for 2019 to $3.95 billion
Emirates NBD, Dubai’s biggest bank and the second largest in the UAE, revealed on Monday that its net profit for 2019 had surged 44 percent to ... Financial Markets -
Dubai bank goes after debt-laden Al Jaber’s land in finance hub
Dubai’s biggest bank is going after a plot of land in the city’s financial hub that belongs to debt-laden Al Jaber Group.Emirates NBD PJSC ... Economy -
Emirates NBD raises $1.76 bln in an oversubscribed rights issue
Emirates NBD Bank, Dubai’s largest lender, raised 6.45 billion dirhams ($1.76 billion) by issuing new shares after the capital call was ... Business -
Dubai’s Emirates NBD sells $205 mln additional stake in Network International
Emirates NBD, Dubai’s largest lender, said in a statement that it has offloaded more stake in London-headquartered payments services provider ... Business -
HSBC, Emirates NBD cut jobs in UAE as banks aim to reduce costs: Report
HSBC Holdings has laid off about 40 bankers in the United Arab Emirates (UAE) and Emirates NBD is cutting around 100 jobs, as banks in the Arab ... Business -
Emirates NBD’s net profit jumps 63% in first 9 months of 2019
Emirates NBD, Dubai’s largest bank, said on Monday that its net profit for the first nine months of 2019 jumped 63 percent year-on-year to 12.5 ... Business -
Dubai’s biggest bank Emirates NBD plans $1.76 bln rights issue
Emirates NBD, Dubai’s largest bank, is planning a rights issue to raise up to 6.45 billion dirhams ($1.76 billion) as it eyes new expansions and ... Financial Markets -
Saudi non-oil private sector employment hits 18-month high in September: PMI
Saudi Arabia’s non-oil sector growth remained stable in the third quarter of 2019, supported by domestic demand, which was underpinned by ... Economy -
Emirates NBD close to hiring banks for $2 billion rights issue: Sources
Emirates NBD is close to appointing Citigroup and Morgan Stanley to manage a rights share offering, Bloomberg has reported people with knowledge of ... Financial Markets -
Emirates NBD announces intention to raise foreign ownership limit
On Monday Emirates NBD announced that it would seek to increase its foreign ownership limit to 40 percent in the future, and would seek approvals from ... Economy -
Dubai index jumps 4.6 pct as Emirates NBD hits 7-year high
Dubai’s benchmark index surged 4.6 percent on Monday, bolstered by its largest lender, Emirates NBD, which raised the limit on foreign ownership ... Financial Markets -
Emirates NBD to support Denizbank if capital increase needed
Emirates NBD Group CEO Shayne Nelson said the bank would support Turkey’s Denizbank if it needed a capital increase, as the Dubai-based lender ... Economy -
Emirates NBD to buy Turkey’s Denizbank for $2.8 bln in revised deal
Dubai’s largest lender Emirates NBD will buy Turkey’s Denizbank from Russia’s state-owned Sberbank for less in dollar terms than ... Economy -
Dubai’s Network International appoints new CEO
Simon Haslam succeeds Bhairav Trivedi, who will continue to serve as an adviser to the Network International board Economy -
Dubai’s biggest bank cuts 300 jobs amid weaker economy
In total, 800 jobs have been slashed since November last year in the Gulf state's banking sector Banking & Finance -
UAE non-oil business growth slows to 22-month low in June: PMI
Business activity growth in the United Arab Emirates’ non-oil private sector slowed to a 22-month low in June Economy -
UAE bank NBAD targets Africa, Asia for wealth management growth
Emirate’s NBAD, the largest lender by assets in the UAE, saw profit and revenue posted by its global wealth unit jump 61 percent Banking & Finance -
Dubai bank ENBD eyes capital-boosting bond sale
Dubai’s largest lender is looking to take advantage of favourable markets to strengthen its reserves Banking & Finance -
Abu Dhabi’s al Hilal Bank plans $500 mln capital-boosting sukuk
The transaction, which has a perpetual tenor but can be bought back by the lender after the fifth year, is earmarked to price in the area of 6 percent Economy -
Dubai’s Emirates NBD Q1 net profit jumps 25 pct
An average of six analysts polled by Reuters forecast a net profit of $246.2 million for the first quarter Banking & Finance -
Women take lead in family finances, says UAE expat survey
Poll of relatively affluent UAE expats finds more women claim primary control of household banking Banking & Finance -
Dubai’s Emirates NBD net profit up 8 percent
A net profit of $192m was forecasted for Emirates NBD’s fourth quarter Banking & Finance -
Dubai’s heavyweight Emirates NBD may gain after Q2 beat
Dubai’s heavyweight Emirates NBD (ENBD) is likely to gain on Monday after the lender reported a 50 percent surge in second-quarter net profit, ... Banking & Finance -
StanChart banker Nelson to take helm at Dubai’s Emirates NBD
Emirates NBD’s appointment of a senior Standard Chartered banker with Asia experience as its new group chief executive reinforces the trend of ... Banking & Finance -
Dubai bank ENBD completes purchase of BNP’s Egypt arm
Emirates NBD, Dubai’s largest lender, has completed the acquisition of BNP Paribas’ Egyptian assets after receiving regulatory approval in ... Banking & Finance -
Dubai’s largest bank Emirates NBD sees profit jump 31 percent
Emirates NBD, Dubai's largest bank by market value, on Thursday said its first-quarter net profit rose 31 percent on the back of lower impairments, ... Banking & Finance
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