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HuaweiDUBAI — UAE shares tumbled on Thursday, as disappointing earnings results at home, and a sell-off in global equities due to weak US housing data, triggered profit-taking.
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DUBAI — Raqmiyat, a leading UAE-based systems integrator, has announced that it will implement ‘ICCS Connect’ — the web version of its ‘Image-based Cheque Clearing Solution’ within 40 banks in the UAE.
ABU DHABI — The UAE Minister of Economy Sultan bin Saeed Al Mansouri on Wednesday said the UAE economy is set to post better growth rate in next year than the current year. Earlier this week, the minister put economic growth estimates for the year at 1.3 per cent.
ABU DHABI — The net profits of Abu Dhabi Commercial Bank, or ADCB, plummeted by 57 per cent in the first nine months of this year, from the figures of the same period last year, as the bank had to make huge provisions for any probable loss in its loan portfolio and some investments.
DUBAI — National Bank of Ras Al Khaimah, known as Rakbank, on Wednesday announced that its net profit for the first nine months jumped by 10.4 per cent to Dh530.66 million, compared to the same period last year, due to continued growth in its chosen segments of small business finance, personal loans, mortgages and credit cards.
DUBAI — The National Bank of Fujairah, or NBF, has reported a five per cent rise in its net profit for the first nine months ending September 30, 2009.
ABU DHABI — Aldar Properties PJSC, a leading property developer of Abu Dhabi, reported net profit of Dh 1,569.8 million in the first nine months of 2009, from the Dh3, 362.2 million it achieved in the same period last year.
DUBAI — Mashreq, one of the largest banks in the UAE, and Air Arabia,
ABU DHABI — The first phase of the massive Khalifa Port project being developed by the Abu Dhabi Ports Company, or ADPC, at Taweelah near here, will become operational in mid-2012 as scheduled, the company officials said.
DUBAI — Dubai-listed Islamic investment bank Gulf Finance House, or GFH, said on Tuesday that it has agreed to sell 10 per cent of its 15 per cent stake in Qinvest to Qatar Islamic Bank. GFH will retain a 5 per cent share holding in the Qinvest, the bank said in a disclosure to the DFM.