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Banking & Finance

CBD’s 2014 profit surges 19% to Dh1.2b
Operating income increased mainly due to a 9.3 per cent increase in net interest income to Dh1.583 billion (2013 – Dh1.448 billion) and a 12.5 per cent increase in non-interest income to Dh657.5 million (2013 – Dh584.2 million).
FGB annual earnings jump 18% in ’14, revenue up 10%
Lender’s net interest and Islamic financing income rise 8%
Gulf Arab countries may need to rethink policy: Qatari banker
GCC economies performed well during much of the global financial crisis as the US economy slumped.
Union National Bank posts 16% jump in annual earnings
Lender’s Q4 net profit climbs 42% to Dh436m
Factors to consider before taking out a personal loan
Watch out for hidden charges, eligibility, repayment criteria and profit rates
China pumps cash into banks in a bid to accelerate growth
The move followed data on Tuesday that showed the world’s second-largest economy grew 7.4 per cent last year, the weakest rate since China was hit by sanctions in 1990 after the Tiananmen Square crackdown.
Emirates NBD — holding the banking fort
Outlook for the UAE banks in 2015 remains very favourable, says Shayne Nelson
Emirates NBD’s profit surges 58% in ’14 on strong growth
Bank’s Q4 profit jumps 82%, reclassifies Dubai World loans
Mashreq unveils DSF offers for its cardholders
This DSF, Mashreq cardholders get rewarded with a guaranteed break at the UAE’s most popular holiday resort.
DIB picks arrangers for potential Tier 1 sukuk
Oil and gas production account for nearly half of economic output in the six Gulf Cooperation Council nations, some three-quarters of exports, and an even higher ratio of state revenues.
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