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ICICI Bank reported a 31 percent rise in March quarter profit Friday on strong growth in lending and a decline in bad debts.

Banking and Finance10 years ago

Emirates NBD, Dubai’s largest bank by market value, reported a first-quarter profit of Dh641 million on the back of a rise in non-interest income and lower impairments.

Banking and Finance10 years ago

Dubai Chamber of Commerce and Industry on Wednesday honoured 14 UAE-based companies with Mohammed bin Rashid Al Maktoum Business Award in recognition of their exceptional performance.

Banking and Finance10 years ago

Mashreq, one of the UAE’s leading national financial institutions, on Tuesday declared a modest increase in its net profit for the first quarter that reached Dh271 million, compared to Dh265.3 million for the same period last year.

Banking and Finance10 years ago

Abu Dhabi Commercial Bank showed a substantial growth in net profit of 38 per cent year-on-year to Dh802 million in first three months of the year, as interest income registered a double-digit growth.

Banking and Finance10 years ago

Khalaf Al Habtoor’s father made his living buying and selling pearls. The son became a billionaire by buying and selling — and building — hotels.

Banking and Finance10 years ago

Emirates NBD on Saturday announced the launch of “Pay Yourself First,” an innovative financial education campaign designed to encourage individuals to manage their finances responsibly, and improve their personal saving habits.

Banking and Finance10 years ago

The Bank of Japan will this week forecast that prices are set to rise less than one percent next fiscal year, a report said Sunday, boosting the chances of fresh easing measures to stimulate the economy.

Banking and Finance10 years ago

Global finance chiefs pressed Europe on Saturday to take advantage of newly increased financial buffers and make the lasting reforms needed to tackle its debt crisis, which is threatening the world recovery.

Banking and Finance10 years ago