Tawasul
Mubasher TV
Contact Us Advertising   العربية

Banking & Insurance

The earnings per share (EPS) settled at AED 0.148
20 October 11:35 AM Emirates Islamic Bank turns to profitability in 9M
Dubai – Mubasher: Emirates Islamic Bank recorded net profits of AED 804.238 million during the first nine months of 2021, against net losses of AED 311.238 million in the year-ago period, according to the bank's unaudited consolidated interim …
The bank's assets rose to AED 699.067 billion
20 October 09:54 AM Emirates NBD sees 29% higher profits in 9M
Dubai – Mubasher: The consolidated interim financials of Emirates NBD reported AED 7.285 billion net profits attributable to the equity holders during the first nine months of 2021, up 29% from AED 5.64 billion in the year-ago period. The bank's …
This decision is subject to the approval of the bank's OGM
19 October 02:42 PM Sharjah Islamic Bank's board approves foreign ownership rise to 40%
Abu Dhabi – Mubasher: The board of Sharjah Islamic Bank (SIB) has approved an increase in the foreign ownership limit to 40% to enhance its international classification. This decision is subject to the approval of the bank's ordinary general …
GFH will purchase the shares of KHCB through a shares exchange
17 October 11:31 AM GFH announces precondition satisfaction to acquire KHCB
Dubai – Mubasher: GFH Financial Group has announced the satisfaction of preconditions and firm intention to make an offer to acquire up to 100% of the issued and paid-up ordinary shares of  Khaleeji Commercial Bank (KHCB). GFH will purchase the …
The bank's assets reached AED 54.51 billion as of 30 September
17 October 09:37 AM Sharjah Islamic Bank sees 30% higher profits in 9M
Abu Dhabi – Mubasher: Sharjah Islamic Bank (SIB) recorded AED 458.02 million net profits attributable to the shareholders during the first nine months of 2021, up 29.6% from AED 353.38 million in the year-ago period. The bank's net income from …
The UAE banks' deposits went up by 0.7% MoM
12 October 02:38 PM UAE banks' assets hit AED 3.228trn by end of August 2021
UAE - Mubasher: The UAE banks' assets have hit AED 3.228 trillion at the end of August 2021, down 0.2% from AED 3.233 trillion at the end of July 2021. The UAE banks' deposits went up by 0.7% month-on-month (MoM) to AED 1.928 trillion at the end …
Emirates NBD acted as a bookrunner
5 October 11:57 AM Emirates NBD inks $750m financing facility with Emirates Airline
Dubai – Mubasher: Emirates NBD has inked a five-year dual-tranche financing facility worth $750 million with Emirates Airline. The facility is the first transaction signed by Emirates as a sales-receivable backed financing structure to diversify …
The bank will open a full-service branch in Gurugram and Chennai
5 October 10:10 AM Emirates NBD to establish two additional branches in India
Dubai - Mubasher: Emirates NBD is planning to further expand in India after obtaining approval from the Reserve Bank of India (RBI) to inaugurate two additional branches. The bank will open a full-service branch in Gurugram and Chennai to offer …
NBF has approved a paid-up capital raise to AED 2 billion
27 September 02:30 PM NBF's shareholders approve capital raise to AED 2bn
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has approved a paid-up capital raise to AED 2 billion by issuing 85.24 million bonus shares from retained earnings. The shareholders have also agreed on appointing the internal Shari’a …
CI Ratings has also affirmed the bank's standalone rating (BSR) of 'bbb+'
26 September 01:28 PM CI Ratings affirms ADCB's foreign currency ratings; outlook stable
Abu Dhabi - Mubasher: Capital Intelligence Ratings (CI Ratings) has affirmed the long-term and short-term foreign currency ratings of Abu Dhabi Commercial Bank (ADCB) at 'A+' and 'A1', respectively, with a stable outlook. CI Ratings has also …
Photo Archive
23 September 05:00 PM CI affirms CBI’s ratings with stable outlook
Abu Dhabi – Mubasher: Capital Intelligence Ratings (CI) has affirmed the long- and short-term foreign currency ratings of the Commercial Bank International (CBI) at ‘BBB+’ and ‘A2’, respectively. CI also affirmed the lender’s bank standalone …
Spend per active card has increased by 67% year over year
21 September 12:00 PM Emirates NBD records 34m contactless transactions
Dubai – Mubasher: Emirates NBD has registered 34 million contactless transactions in eight weeks as part of its 'Get Together. Go Contactless' campaign. In partnership with Visa, the bank has launched the campaign to accelerate the adoption of …
NBFX will help customers hedge their treasury requirements
19 September 10:58 AM NBF introduces electronic trading platform NBFX
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) has launched an electronic trading platform (NBFX) to expand its digital services Available for both conventional and Shariah-compliant banking customers, NBFX will help customers hedge …
The partnership is part of Visa’s Fintech Fast Track programme
14 September 04:50 PM ADIB partners with DenekB to expand digital payment services
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has partnered with the UAE-based financial technology (FinTech) company DenekB to expand its digital payment services for consumers in the country. The partnership is part of Visa’s Fintech Fast …
Photo Archive
13 September 04:54 PM NBK issues $1bn Senior Unsecured notes; first of kind across CEEMEA
Mubasher: The National Bank of Kuwait (NBK) has issued bonds worth $1 billion, marking the first callable structure for senior unsecured notes, fixed to floating, across the Central and Eastern Europe Middle East and Africa (CEEMEA) region. Final …
LFIs are required to comply with the CBUAE's requirements
13 September 03:55 PM CBUAE issues guidance for LFIs on transaction monitoring, sanctions screening
UAE - Mubasher: The Central Bank of the UAE (CBUAE) has issued new guidance for its licensed financial institutions (LFIs) on transaction monitoring and sanctions screening to promote statutory anti-money laundering at these institutions. Under …
Emaar is considering a number of options to sell Namshi
13 September 02:26 PM Emaar selects Emirates NBD as advisor to sell Namshi
Dubai – Mubasher: Emaar Properties has selected Emirates NBD as its advisor to sell the fashion e-commerce business Namshi, sources told Reuters. Emaar is considering a number of options to sell Namshi, including a listing abroad through a special …
The bank will support sustainable goods, suppliers, and end-use
13 September 11:40 AM Standard Chartered opens green trade finance facility in UAE
UAE - Mubasher: Standard Chartered has inaugurated its first green trade finance facility in the UAE to support Amplus Energy Solutions FZE, a subsidiary of Amplus Solar, in its solar generation business. The Sustainable Trade Finance …
The UAE banks have invested AED 302.9 billion in debt securities
13 September 11:01 AM UAE banks' investments hit AED 531.8bn in July
UAE - Mubasher: The total value of the UAE banks' investments jumped by 23.4% to AED 531.8 billion in July 2021, compared to AED 431.1 billion in the same month of 2020. On a monthly basis, the total value of the UAE bank's investments increased …
ITFC approved for its member countries more than $58 billion since 2008
8 September 05:45 PM ITFC supports members with $605m under COVID-19 Response Program
Mubasher: The International Islamic Trade Finance Corporation (ITFC) has provided the member countries with $605 million as financial support under its COVID-19 Response Program, CEO of ITFC, Hani Sonbol, announced. The corporation aimed to help …
The bank's new representative office will serve as a liaison office
7 September 01:35 PM Mashreq Bank opens first representative office in Shanghai
Dubai - Mubasher: Mashreq Bank has inaugurated its first representative office in Shanghai as part of the bank's strategic plan to expand its services in China. The bank's new representative office will serve as a liaison office to …
ADCB is expected to receive around 39% of transferable exit instruments
1 September 04:24 PM NMC's creditors approve debt restructuring process
UAE - Mubasher: The creditors of NMC Group have approved the restructuring process of the company's debt and issuance of exit instruments to the creditors. Abu Dhabi Commercial Bank (ADCB), one of NMC's largest creditors, has welcomed the approval …
DIB has hired the banks to arrange the deal
1 September 11:07 AM DIB plans to sell US dollar senior Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) plans to issue US dollar-denominated senior Sukuk, which could be around $500 million in size, sources told Reuters. DIB has hired the banks to arrange the deal, which is expected to be executed next …
The initial price guidance was set at 110-115 basis points over UK gilts
31 August 01:16 PM FAB expected to sell $344m in 5-year bonds
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) is forecast to sell $344.38 million in five-year bonds, according to a document from one of the banks arranging the deal as cited by Reuters. FAB, HSBC, Standard Chartered, and TD Securities are …
The UAE banks have given AED 336.5 billion loans to individuals
26 August 09:38 AM UAE banks' loans hit AED 1.77trn in June
UAE - Mubasher: The total value of loans granted by the UAE banks amounted to AED 1.769 trillion in June 2021, down 1.2% from AED 1.791 trillion in the same month of 2020. The UAE banks have provided the public sector with AED 223.6 billion loans …