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Nordea may shift its HQs to Finland, Denmark

  Bloomberg As Nordea Bank AB tells Sweden it will move its headquarters from the largest Nordic economy unless the regulatory environment is relaxed, Finland and Denmark are stepping up their charm offensives. Danish Business Minister Brian Mikkelsen made clear he wants Nordea based in his country, and underscored his commitment to a stable regulatory environment in which banks and ...

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Arab Bank Group reports $218.2mn profit in Q1

  Emirates Business Arab Bank Group announced its results for the first quarter of 2017 reporting a net profit after tax of $218.2 million as compared to $218.3 million. Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue. Excluding the effect of foreign currency devaluations, the Bank’s net operating income ...

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VP okays AED800mn road project

  DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has endorsed the project to improve the Latifa Bint Hamdan Street and the Junction of Umm Al-Sheef-Latifa Bint Hamdan Streets at cost AED800 million. The project links Jumeirah district with Al Khail Road and the Parallel Roads ...

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