Dubai / Emirates Business The National Bank of Ras Al-Khaimah (RAKBANK) on Thursday announced a consolidated net profit of AED 445.5 million for the half-year ended 30 June 2016. The Group’s operating profit increased by 12.0% to AED 1.3 billion as a result of an increase in total income by 3.2% and a reduction in operating cost by 10.0%. ...

  Abu Dhabi / WAM Ras Al-Khaimah Free Trade Zone (RAK FTZ) has received another prestigious award from the inaugural BURJ CEO Awards, winning the “Best Global Free Zone,” at Washington DC, USA, RAK FTZ’s third recognition from award-giving bodies this year. On behalf of the free zone, Izzat Barakat, RAK FTZ’s Chief Commercial Officer, accepted the award from H.H. Sheikh ...

  Abu Dhabi / WAM The First Gulf Bank (FGB) reported second quarter 2016 Group revenue growth of 3%, while Q2’ 2016 net profits were recorded at AED 1.31 billion compared to AED 1.33 billion for the previous quarter. FGB reported a group net profit of AED 2.64 billion for the six-month period ended 30th June 2016, compared to AED 2.87 ...