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.
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.
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.
Khalaf Al Habtoor’s father made his living buying and selling pearls. The son became a billionaire by buying and selling — and building — hotels.
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.
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.
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.
The National Bank of Abu Dhabi (NBAD) inaugurated its main branch in Dubai with exclusive features, including an elite Lounge, and a Business Banking Centre.
Finance Minister Pranab Mukherjee on Friday dismissed as unfounded concerns by US business groups that revised Indian tax laws might make foreign investors retroactively liable for taxes dating back decades.
Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund’s crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
German 10-year bond yields hit record lows on Friday and riskier assets came under pressure on growing fears about the euro zone debt crisis and uncertainty over global growth.