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Mashreq, Emirates NBD, ADCB, and United Arab Bank post solid 1Q earnings
The banks continue to post robust earnings, following a record-breaking year for Emirati banks’ bottom lines
Seven Emirati banks feature in Forbes Middle East’s 30 most valuable banks in MENA list
The aggregate market value of the Emirati banks on the list is USD 128.7 bn
Emirates Islamic closes USD 500 mn Murabaha loan
The bank will use the funds to expand its Islamic financing services
Dubai Cable Company expands to 20 new countries
PLUS: Emirates NBD rolls out new card for high-net-worth individuals
It’s going to get worse before it gets better for GCC banks with Turkish subsidiaries
Emirates NBD’s risk-weighted assets fell by some 60-70 bps
DAE secures new AED 2.75 bn 5-year unsecured term loan from Emirates NBD
The loan aims to support DAE’s general corporate needs and future financing requirements
UAE banks to post stable returns in 2024 –Moody’s
The four biggest banks made up 74% of the banking sector’s total income
Lulu moves forward with planned IPO
The company selected ADCB and Emirates NBD to advise on the planned IPO
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