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Arab Bank posts US$218.3mn profit for Q1

  Dubai / Emirates Business Arab Bank Group continued its strong financial performance during the first quarter of 2016, reporting net profit after taxes and provisions of USD 218.3 million, compared to USD 217.2 million for the same period last year. Shareholders equity, meanwhile, rose to USD 8 billion. The Bank’s balance sheet remains strong with loans and advances growing ...

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American Express wins ‘Most Popular Credit Card Product’

  Dubai / Emirates Business The American Express Platinum Credit Card was voted UAE’s most popular credit card product at the Souqalmal People’s Choice Awards. The award is based on an in-depth consumer survey evaluating various aspects of the overall Cardmembership experience with parameters that include customer service, product features and financial education. Souqalmal is the UAE’s leading comparison website. ...

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EXUS receives recognition for ‘loan solutions’

  Dubai / Emirates Business EXUS on Sunday announced that its Financial Suite software was profiled in a recent CEB TowerGroup analyst report, “Loan Collections Systems Technology Analysis,” as being a “best-in-class” solution, for core collections, enterprise technology and customer management. The report, published in March, is the first ever global technology analysis of loan collections systems by an industry ...

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