UAE banks seen reporting strong full year profit growth

The growth has been euphoric in the first three quarters of last year with top end of the retail banking small and medium enterprise and wealth management business benefiting from improved capital market valuations and consequent wealth effect.


QNB Q4 net profit up 5.5 pct

Qatar National Bank (QNB), the largest lender in the Gulf Arab region, reported a 5.5 percent rise in fourth-quarter net profit


NBAD Sukuk income fund delivers 2.33 per cent dividends

The National Bank of Abu Dhabi NBAD’s Sukuk Income Fund has earned a total income of $798,923.60 which is equivalent to 2.33 per cent of the Net Asset Value as at 27 November 2014 which includes the intended dividend pay-out of $0.1203 per unit.