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    Bank of Sharjah achieves record net profit of Dhs385 million in 2024

    Bank of Sharjah achieves record net profit of Dhs385 million in 2024

    14 Mar 2025

    Bank of Sharjah has announced its financial results for the year ended 31st December 2024, reporting a record profit before tax of Dhs416 million. With net profit after tax...

    FAB shareholders approve highest-ever cash dividend of Dhs8.3 billion at AGM

    FAB shareholders approve highest-ever cash dividend of Dhs8.3 billion at AGM

    11 Mar 2025

    Gulf Today, Staff Reporter  First Abu Dhabi Bank (FAB) held its Annual General Meeting (AGM) on Tuesday at its headquarters in Abu Dhabi. All agenda items were reviewed and...

    Emirates NBD approves substantial ordinary dividend of 100 fils per share

    Emirates NBD approves substantial ordinary dividend of 100 fils per share

    25 Feb 2025

    Emirates NBD held its 18th General Assembly Meeting on Tuesday, Feb.24, 2025. At the General Assembly Meeting, a review of the Group’s performance during 2024 was presented. Commenting on...

    ENBD posts Dhs23 billion profit after tax in 2024

    ENBD posts Dhs23 billion profit after tax in 2024

    31 Jan 2025

    Emirates NBD reported a record Dhs27.1 billion profit before tax in 2024, up 15 per cent from the previous year, while the profit after tax reached Dhs23 billion, up...

    EI’s net profit at record high of Dhs2.8 billion

    EI’s net profit at record high of Dhs2.8 billion

    30 Jan 2025

    Emirates Islamic (EI) has reported a record profit before tax of Dhs3.1 billion in 2024, a remarkable 46 per cent increase over the previous year. Net profit also reached...

    Big banks, business groups sue US Fed over annual stress tests

    Big banks, business groups sue US Fed over annual stress tests

    26 Dec 2024

    Major banks and business groups sued the Federal Reserve on Tuesday, alleging the US central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit filed...

    Pakistan CB cuts key rate by 200bps

    Pakistan CB cuts key rate by 200bps

    16 Dec 2024

    Pakistan’s central bank (CB) cut its key policy rate by 200 basis points to 13 per cent on Monday, it said in a statement, its fifth straight reduction since...

    Dubai Chambers, Standard Chartered to support international expansion of local businesses

    Dubai Chambers, Standard Chartered to support international expansion of local businesses

    28 Nov 2024

    Dubai Chambers and Standard Chartered signed a Memorandum of Understanding to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets....

    BOJ policymaker calls for slow movement on rate hikes

    BOJ policymaker calls for slow movement on rate hikes

    03 Oct 2024

    Japan’s central bank has scope to raise interest rates further but must move cautiously and slowly to avoid hurting the economy, a dovish policymaker said on Thursday, reinforcing market views...

    UBS ahead of schedule on cost savings, CEO says

    UBS ahead of schedule on cost savings, CEO says

    24 Sep 2024

    Swiss bank UBS is running around six months ahead of schedule in its cost savings efforts and its integration of Credit Suisse, CEO Sergio Ermotti said on Tuesday. UBS is...

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