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- Qatar Investors Group reports 3.45 pct decline in Q1 2025 profits
- KFH achieves net profit of KD 168.1 million for first quarter of 2025 for shareholders
- Bahrain Islamic Index closes higher
- Commercial Bank awarded 'Best in-class Straight Through Processing rates' by JP Morgan
- Emaar pumping in $1bn to boost Dubai's global brand experience
- Bitcoin rallies above $90,000 to extend rebound to more than 20%
- How UAE Free Zone firms can capitalise on 0% corporate tax
- Saudi Arabia tops emerging markets' venture capital funding, overtakes Singapore
- Pakistan's finance chief seeks deeper US trade ties, welcomes reform efforts at global lenders
- 33% of Dubai government jobs at risk from AI, clerical roles most exposed, study finds
20/02/2018 05:20 AST
Emirates NBD is preparing to submit a bid for Sberbank PJSC's wholly-owned Turkish unit in March, people with knowledge of the matter said.
Dubai's biggest bank is evaluating an offer for Denizbank AS, the people said, asking not to be identified because the talks are private. It could take several months before Sberbank decides whether or not to sell, they said.
Emirates NBD last month said it started preliminary discussions for the Denizbank stake. A deal for Sberbank's 99.9 per cent holding could be valued at as much as $4.12 billion, according to Bloomberg calculations. Denizbank had a book value of $3.44 billion at the end of September and Turkish banks trade at an average of 1.2 times book value, according to data compiled by Bloomberg.
Gulf News
22/04/2025
Emirates NBD's profit before tax stirred up a sharp 56% quarter-to-quarter growth to Dh7.8 billion for the first three months of 2025. The key fundamentals - 'lending momentum, improvement in deposit
Gulfnews
25/03/2025
Now, Emirates NBD's high networth clients can access BlackRock's expertise to widen their alternate-investment choices, especially in private markets.
Until now, such access to the BlackRock
Gulfnews
15/03/2025
Emirates NBD, Dubai's largest bank by assets, has denied media reports about potential acquisition plans. Since January 2023, there has been speculation linking Emirates NBD with several potential ac
Gulfnews
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23/04/2025
Qatar Investors Group, Qatari public shareholding company, reported a 3.45 percent decline in net profit for the first quarter of 2025, reaching QR 41.95 million, compared to QR 43.45 million in the
QNA
23/04/2025
Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq announced that KFH achieved a net profit of KD 168.1 million for the first quarter of 2025 for shareholders, representing an increa
Kuwait Times
23/04/2025
Commercial Bank, a leader in innovative digital banking solutions in Qatar, was recognised with 'Best in-class Straight Through Processing (STP) Rates' by JP Morgan for Payments and Commercial & Trea
Gulf Times
23/04/2025
Emaar, the master developer behind Dubai's most iconic landmarks, said it has invested over $1 billion in shaping and enhancing the city's global identity.
This cumulative contribution und
Trade Arabia
23/04/2025
The Saudi National Bank (SNB), the largest bank in Saudi Arabia, announced a net income of SR6.0 billion for the first quarter of 2025, representing its highest-ever quarterly financial results. This
Arab News
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