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Banking & Finance

Two Asian Banker awards for ADCB
Abu Dhabi Commercial Bank, or ADCB, received two prestigious awards ó Best Domestic Cash Management Bank in United Arab Emirates and Best Deposit Product Business in Middle East Award 2014 ó at the recent Asian Banker Awards ceremony.
Emirates NBD issues A$400m fixed rate notes
The notes are rated Baa1 by Moodyís and A+ by Fitch, and pay a fixed rate coupon of 5.75 per cent.
UAB banking partner of Gitex events
United Arab Bank, or UAB, is the sole official banking partner of the next two editions of Gitex Shopper, the regionís largest and much-anticipated consumer electronics retail platform in the Middle East with power retailers and world-class brands.
NBAD gets market-making licence
NBAD is expected to start practicing this activity during the thrid quarter of this year after finalising some technical requirements in collaboration with UAE markets.
Bank Muscat Q1 net profit jumps 59%
Bank Muscat, Omanís largest lender, missed analystsí expectations despite posting on Wednesday a 59.1 per cent jump in its first-quarter net profit, as it didnít repeat a one-off fraud provision that it was forced to make last year.
Sharjah Islamic Bank posts 30% rise in profits
Sharjah Islamic Bank (SIB) on Wednesday announced its first quarter 2014 results with net profits reaching Dh110 million, compared to the Dh84.8 million achieved in the same period last year, a 30 per cent growth rate.
UAE banks do great in first quarter
Market cap surges 78% in quarter, buoyed by positive economic indicators.
UAEís five favourite banking products
ADIB has emerged as the leading bank for personal loans, credit cards and mortgages, while Al Hilal Bank has secured the popularity vote for its new vehicle finance option, price comparison site souqalmal.com said in a report.
National Bank of Abu Dhabi: Banking Fort
NBAD is the top potential contender in the UAEís banking industry to join the Emerging Market Index next month, writes Muzaffar Rizvi
UAE cards market to grow
With Expo 2020 win, Mashreq expects credit, debit cards to rise 10% annually
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