by Asharq Al-Awsat | May 20, 2014 | Business
Abu Dhabi, Reuters—Abu Dhabi Islamic Bank (ADIB) has received regulatory approval from the United Arab Emirates central bank for its purchase of Barclays’ retail operations in the country, its chief executive said on Tuesday. The largest sharia-compliant lender...
by Asharq Al-Awsat | Apr 6, 2014 | Business
Dubai and Abu Dhabi, Reuters—Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB) for an expected price of 650 million Emirati dirhams (177 million US dollars), ADIB said on Sunday. The emirate’s...
by Asharq Al-Awsat | Mar 19, 2014 | Business
Dubai and Abu Dhabi, Reuters—Two Abu Dhabi lenders have emerged as frontrunners to buy most of Barclays’ retail banking operations in the UAE, with a final decision expected next month after a competitive bidding process, banking sources said on Wednesday. Abu...
