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HuaweiABU DHABI - National Bank of Fujairah or NBF has posted a net profit of Dh 104.3 million in 2009 as against loss of Dh 50.3 million in 2008.
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ABU DHABI - The third edition of Malaysia Services Exhibition or MSE will be held at the Dubai International Conventions and Exhibitions Centre from April 13 to 15.
DUBAI - Pakistan Business Council, or PBC, will elect its new seven-member board for a two-year term on February 13, the PBC president Iskander Sultan Khawaja said on Monday.
ABU DHABI - Defying the impacts of global financial downturn, the Abu Dhabi-based First Gulf Bank, or FGB, has notched up a record net profit of Dh 3.31 billion in 2009, representing a 10 per cent increase over the bank’s 2008 results.
ABU DHABI - Leading investment bank Credit Suisse has predicted that earnings of the six national banks would be affected by heavy provisioning in the fourth quarter of the year 2009.
DUBAI - India’s banking industry is on track to record an average annual credit growth of 25 per cent to keep pace with the country’s vibrant economic growth projected at 8.5-9 per cent every year over the next five years, the head of Indian Banks’ Association said.
DUBAI - DP World, the world’s fourth-largest container terminal operator, said on Wednesday that it welcomed Malaysia’s MISC Berhad as a new customer to its brand new Saigon Premier Container Terminal (SPCT) in Ho Chi Minh City, Vietnam.
DUBAI - National Bank of Oman (NBO) said on Wednesday it named Salam Al Shaksy of Dubai Bank as its new chief executive, as the sultanate’s third-largest lender seeks to bolster its international profile.
DUBAI - In line with its commitment to be at the forefront of innovation & service excellence, EIB, one of the leading financial institutions in the region, in alliance with AMAN Insurance Co., has introduced Al Hesn Takaful, a new bankassurance cover for a contribution of as little as Dh1 per day.
DUBAI - UAE Foreign Minister Shaikh Abdullah bin Zayed Al Nahyan has affirmed that the UAE is committed to advance efforts for development and stability in Pakistan to enhance the stability of the region.