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ADCB Q3 profit rises 9 percent

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) posted a 9 percent rise in third-quarter net profit on Sunday helped by a rise in net interest and non-interest income. Abu Dhabi’s second-largest bank by assets made a net profit attributable to shareholders of AED1.09 billion ($296 million) in the three months to September 30, up from 999 million a year ...

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Smart Dubai, DESC strike deal to safeguard Dubai’s digital wealth

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, attended the signing of an MoU between Smart Dubai Office (SDO) and Dubai Electronic Security Centre (DESC) to safeguard Dubai’s digital wealth and implement the Dubai Digital Certificates. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown ...

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NBF Q3 profit up 11.9%

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results for the nine month period ending September 30, 2017, posting an operating profit of AED228.7 million in the period, a rise of 11.9 percent quarter-on-quarter, and an increase of 5.2 percent for the nine month period compared to 2016. According to a press release from the bank, this reflects ...

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