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Tag Archive | "combined"

No debt offer: Dubai World

Monday, February 15, 2010

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Dubai World has not put forth an official proposal to the lenders of US$26 billion worth of debt, a source close to the matter told Gulf News'' on Sunday. A media report said Sunday that two offers may be put on the table

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Net profits of UAE banks down 21% in 2009

Monday, February 15, 2010

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Rising provisions continue to eat into bank profits for 2009, with 11 UAE banks that have announced their annual results so far reporting a drop of Dh3.66bn, or more than 21 per cent in net profits for the year compared with 2008. Combined net

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UAE banks’ net earnings down 16.3% in nine months

Thursday, December 3, 2009

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An intense wave of bad debt provisioning allied with slackening domestic demand depressed the combined net earnings of the UAE's national banks by nearly 16.3 per cent in the first nine months of 2009. But analysts expect the decline will be offs

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UAE tipped to become major tourism destination in five years

Sunday, November 8, 2009

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The UAE, China and Vietnam are three nations likely to become top tourism destinations in the next five years, according to the Country Brand Index, compiled by brand consultancy FutureBrand.

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UAE banks’ provisions increase 178%

Sunday, November 8, 2009

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Nine-month provisions for 19 banks listed on UAE stock exchanges were up more than 178 per cent year-on-year while net profits fell 13.7 per cent at the end of the third quarter, Emirates Business research reveals. Combined provisions of the 19

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