Al-Najjar, one of the three hospitals in Rafah, is no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah
world4 hours ago
"The new InterContinental Kuwait will be the fifth Kuwait property to be backed by the Bukhamseen Group. We are extremely proud of this partnership and hope to collaborate on more developments in the future," commented John Bamsey, Chief Operating Officer IHG Middle East & Africa.
Shuaa sees margin pressure at NBAD
DUBAI — Shuaa Capital said the National Bank of Abu Dhabi's continued reliance on wholesale funds could put pressure on its margins and maintained its 2008 net profit estimates of 3.3 billion dirhams.
Shuaa said the bank's customer deposits slipped in the first quarter, mainly due to the reclassification of IPO-related deposits to 'other liabilities'.
The investment bank expects NBAD's deposits growth to resume in the coming quarters and maintained its fiscal year deposit estimate of 100 billion dirhams.
Shuaa said the bank, also known as NBAD, Abu Dhabi's biggest bank by market value, delivered "strong balance sheet growth and profitability" in the first half of 2008, which confirmed the investment bank's positive growth expectations.
However, Shuaa questioned the recurrence of investment and currency trading gains posted by NBAD during the quarter.
For the second quarter, NBAD had topped analysts' expectations with a net profit of 1 billion dirham, driven by higher loan and fee income during an economic boom.
Al-Najjar, one of the three hospitals in Rafah, is no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah
world4 hours ago
The tweet also informed people of the different details that a single ID card can provide
gulf4 hours ago
Airport expected to increase its capacity to 25 million passengers annually by 2027
aviation4 hours ago
Core taxi segment revenue up 15% year-on-year
business4 hours ago
The precious metal has climbed approximately 12% this year
business5 hours ago
Since last month, many residents have resorted to expensive alternatives like taxis, while others endure significantly longer travel times
uae5 hours ago
In authorised school buses, drivers and nannies are trained to conduct thorough checks of the bus before locking and leaving it
uae6 hours ago
Bitcoin’s scarcity remains a key driver of its value, attracting long-term investors
cryptocurrency6 hours ago