Search Results for: National Commercial Bank
UAB announces net profit of AED 328 million for H1 2014
July 21st, 2014
UAB, recently recognized as the fastest growing bank in the region, announces a net profit of AED 328 million for the first six months of the year, an increase of 26 per cent over H1 2013. Sheikh Faisal Bin ...
Asian Stocks Slip With Won on Portugal as Gold Holds Gain
July 11th, 2014
Asia’s benchmark stock index headed for its first weekly loss since May 9, the cost of insuring bonds in the region climbed and the yen maintained gains with gold amid concern that Europe’s debt problems haven’t been resolved. South ...
Asian Equities Lower with Eyes on China
July 9th, 2014
Asian equities extended losses into a third session on Wednesday following a selloff on Wall Street overnight and steady Chinese inflation data. Consumer prices in the mainland rose an annual 2.3 percent last month, versus estimates for a 2.4 ...
JPMorgan Investors Show Support for Dimon in Cancer Fight
July 2nd, 2014
Jamie Dimon, whose eight years atop JPMorgan Chase & Co. (JPM) have made him one of Wall Street’s most powerful leaders, said he’ll start treatment for throat cancer, raising new questions about succession plans at the biggest U.S. bank. ...
China signs £14bn trade deals with UK amid Premier’s visit
June 18th, 2014
China says it wants to back major UK infrastructure projects and has signed £14bn in trade deals. The news comes on the first full day of a visit by its leader. The BBC understands the projects the state-owned China ...
China Regulator Pledges to Expand Credit as Economy Slows
June 6th, 2014
China’s banking regulator vowed to expand loans and cap borrowing costs, seeking to boost the supply of funds to the real economy as growth slows amid a clampdown on shadow financing. Lending to small businesses, major infrastructure projects and ...
Can This Be Good? China Looks To Build Out Risky Derivatives Market
June 2nd, 2014
The asset backed securities that sunk the U.S. economy, namely the complicated financial products known as mortgage backed securities, is a market China wants to consider opening up to…Americans. Well, not just Americans, but any multinational investment bank with ...
BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
Valeant’s Hostile Allergan Bid Keeps Getting More Hostile
May 29th, 2014
Here is a thing that I guess you do when you’re trying to fend off an acquisition proposal: That’s from a May 12 presentation by Allergan, which is trying to fight off Valeant’s unwanted attentions. There are two points ...
Clifford Chance, Eversheds and Allen & Overy triumph at Middle East awards
May 16th, 2014
Clifford Chance (CC), Eversheds and Allen & Overy (A&O) were the main law firm winners at the third annual Corporate Counsel Middle East Awards last night (15 May), which saw CC named International Law Firm of the Year, while ...
