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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

UAB net profit grows 65%

Over the past several years, United Arab Bank has made steady progress.
  • UAB’s financial performance was aided by significant progress across the core businesses with total operating income recording a 15 percent growth.
  • Total assets grew 25 percent year-on-year in FY 2023 to AED17.6 billion, driven by the strong growth in loans, advances, and Islamic financing.

Abu Dhabi, UAE — United Arab Bank (UAB) announced a net profit of AED255 million ($69 million) for the year 2023, compared to a net profit of AED155 million in 2022, an increase of 65 percent.

The growth in net profit results from improved operating performance and lower expected credit losses, coupled with disciplined cost management, the bank said.

UAB’s financial performance was aided by significant progress across the core businesses with total operating income recording a 15 percent growth in FY 2023 as compared to FY 2022 and is expected to improve further with new portfolio underwritings in quality assets, it added.

Total assets grew 25 percent year-on-year in FY 2023 to AED17.6 billion, driven by the strong growth in loans, advances, and Islamic financing (23 percent year-on-year) and the investment portfolio (31 percent YoY).

Sheikh Faisal bin Sultan bin Salem Al Qassimi, Chairman of the Board of Directors at UAB, said, “I am delighted to announce that we have recorded another year of remarkable growth in net profits, driven by relentless and disciplined execution of the new strategy.”