Dubai / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has delivered strong results for the period ending June 30, 2016. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, Vice Chairman and Managing Director of Emirates NBD, said: “We are extremely pleased with our strong growth and performance that underlines the growing relevance …

  Sharjah / WAM The United Arab Bank, UAB, announced its financial results for the six months ended June 30, generating a net profit of AED71 million. The bank says that it is returning to its traditional ‘core’ corporate roots, complemented by focussed retail and treasury propositions, while continuing to pro-actively de-leverage from its ‘non-core’ higher risk portfolios in an …

  ABU DHAB-BEIJING / WAM The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission (CSRC) entered into a Memorandum of Understanding (MoU) to facilitate cross-border activities and enhance regulatory collaboration between the two jurisdictions. The MoU provides a framework to provide assistance, exchange regulatory information and cooperate in the supervision …