• ADCB logs 23% Q2 net profit

    The company's interest income reaches $797m.

  • ADCB-BLME partnership brings UK digital banking to UAE customers

    Dubai, UAE -- Abu Dhabi Commercial Bank and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced a partnership with Bank of London and the Middle East (BLME) to bring digital UK banking to UAE nationals and residents through Nomo. Customers in the UAE can now open UK-based...

  • ADCB Q3 net profit at US$432m

    The diversification of revenue streams boosted the bank's profitability.

  • UAE launches Dirham-denominated Treasury Bonds worth $400 million

    The UAE has launched conventional AED denominated Treasury Bonds (T-Bonds) with benchmark auction size of AED1.5 billion ($400 million). The bonds were launched by the Ministry of Finance (MoF) as the Issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent. Subject to...

  • Investor sells his 2.4 stake in Abu Dhabi Commercial Bank for $300 million

    The offering consisted of 164 million shares in the bank The Abu Dhabi Investment Council is the largest shareholder in ADCB with a 60.2 percent stake An unnamed investor holding 2.4 percent stake in Abu Dhabi Commercial Bank (ADCB) has sold his entire stake in the lender for about 1.1...

  • Egypt’s food inflation to get worse as economy revs up

    Egypt’s inflation accelerated to a 5-month high of 4.8 percent year-on-year in May Global food import costs are expected to rise 12 percent in 2021 Egypt will see another round of worse food inflation as economic activity gains momentum, according to Abu Dhabi Commercial Bank. The warning was sounded while...