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Union National Bank Q4 net profit falls on provisions

Union National Bank Q4 net profit falls on provisions

Abu Dhabi lender Union National Bank's fourth-quarter profit fell 19.2 percent after the bank set aside more money to meet potential loan losses arising from exposure to Dubai Holding Group entities.

February 7, 2012 3:22
 
UAE’s Dolphin Energy eyes yp to $1B bond sale

UAE’s Dolphin Energy eyes yp to $1B bond sale

Abu Dhabi's Dolphin Energy, majority-owned by state fund Mubadala, plans to raise as much as $1 billion from a ten year bond issue, with the offering set to price as early as Tuesday, a statement from lead managers said.

February 7, 2012 2:28
 
Kuwait Commercial Bank profit sharply down in 2011

Kuwait Commercial Bank profit sharply down in 2011

Commercial Bank of Kuwait (CBK) posted a sharp drop in full-year net profit on Sunday, according to a company statement.

February 6, 2012 2:32
 
Dubai Mashreq Q4 net falls; fee, interest income down

Dubai Mashreq Q4 net falls; fee, interest income down

Q4 earnings fall almost 59 pct - Reuters calculations; Net interest, Islamic income down 15 pct in 2011; Fee, commission income fall 8 pct; Provisions decrease 32 pct in 2011

February 2, 2012 1:35
 
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