Some 43 per cent of voters pick Trump on economy and jobs vs 41 per cent for Harris
world1 hour ago
“We expect the weakest profitability and slowest recovery at ADCB, while FGB’s plans to build a property component in its banking business could backfire,” analyst Zahed Chowdhury wrote in a note to clients dated January 19. Return on equity for Abu Dhabi banks have averaged 19.5 per cent over the last three years, the analyst noted, adding that he now expected profitability to take a hit and remain depressed over the next two years.
“We expect the banks to maintain their market share over the next two years given that we do not expect any bank to want to grow their share of market loans in the current economic environment,” the analyst said. Chowdhury expects the Abu Dhabi banking sector to enter a new non-performing loans cycle that, along with a decline in investments gains, may hit profitability. The analyst estimated that the new non-performing loans cycle could combine with stricter capitalisation conditions from the Central Bank in the region, requiring ADCB to raise more capital during the year.
Some 43 per cent of voters pick Trump on economy and jobs vs 41 per cent for Harris
world1 hour ago
Ryan Routh was arrested on September 15 after Secret Service agents spotted him with a gun near the course where Trump was playing
world1 hour ago
Later in the day, a second show on January 12 was announced, giving some fans renewed hope
entertainment1 hour ago
The expansion aims to revolutionise how industry professionals access and share knowledge, offering a digital marketplace where employees can exchange skills and expertise using a tokenised time currency
kt network1 hour ago
Former food industry executive says he did it because he wanted to leave a legacy to the city that hosted him
americas1 hour ago
As students return to classrooms, the surge in digital activity introduces significant security challenges
tech1 hour ago
Biden offers continued US support as Dhaka implements reform agenda
asia2 hours ago
The visit is a diplomatic milestone that will solidify the UAE’s role on the global stage as a bridge between East and West, he said
uae2 hours ago