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
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
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
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