First Gulf Bank

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Recent Articles

• First Gulf in share buyback19 November 2008

  Abu Dhabi lender initiating buyback of 10% of its shares, which have fallen more than 40% this year.

• First Gulf Bank posts 68% jump in Q3 net profit21 October 2008

  Abu Dhabi-based bank exceeds forecasts as it announces $231mn profit level.

• Small gains, losses across Gulf markets20 October 2008

  UPDATE 5: UAE markets end higher with Emaar Properties, First Gulf Bank leading way with big gains.

• Lehman exposure limited - UAE banks16 September 2008

  Three of Gulf state's largest lenders say they have limited or no exposure to financial turmoil.

• Dubai, Kuwait buck shares slump in Gulf region3 September 2008

  Saudi slips for the third day running as selling pressure from foreigners hit bourses.

• Gulf banks 'over-exposed to real estate'3 September 2008

  HSBC cuts price targets on major banks in the UAE amid concerns over portfolios.

• Negative day for Gulf exchanges2 September 2008

  Falling oil prices plays part in disappointing day for the region's share traders.

• Gulf exchanges recover after losses13 August 2008

  First Gulf Bank and Emaar Properties are high-profile leaders as region's markets bounce back.

• Emaar leads slump in region's shares11 August 2008

  UPDATE 3: Real estate companies are hardest hit as markets have day to forget across the Gulf region.

• UAE's First Gulf says Mubadala among bondholders21 July 2008

  Nearly $1bn of convertible bonds shared with four other state-owned bodies.

• Gulf banks post bumper profit as economies boom9 July 2008

  Q2 earnings top forecasts economies benefit from high oil prices and low rates.

• Gulf markets rebound12 March 2008

  Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

• First Gulf wins approval to sell $2.5bn of bonds26 February 2008

  Sale to finance expansion of its lending business, follows delay to $3.5bn bond issue.

• Kuwait, Abu Dhabi and Qatar best markets to invest24 February 2008

  And banks and telecom companies the most attractive industries, Morgan Stanley says.

• Business boom time for Abu Dhabi banks31 January 2008

  UAE capital's three top banks poised to triple business as GCC powers ahead, study says.

• Record profit for First Gulf as stocks recover29 January 2008

  Investment business generates 30% of revenue as Q4 income soars 57%.

• First Gulf targets expats in India tie-up9 January 2008

  Abu Dhabi lender says it will make it easier to send money to and invest in India.

• First Gulf secures $825mn for project finance3 December 2007

  Loan arranged by 11 banks including ABN Amro, Calyon, Citibank and Commerzbank.

• First Gulf Bank deploys storage solutions1 November 2007

  First Gulf Bank has completed the deployment of a new storage infrastructure, to improve its data handling capabilities.

• First Gulf to start operations in Algeria21 October 2007

  Abu Dhabi's third-biggest lender has applied for licence, part of plans to expand in North Africa.

• First Gulf to set up Libyan lender5 September 2007

  UAE bank agrees on 50-50 joint venture with Libyan gov't to establish a commercial bank in country.

• NBF agrees Al Hokair loan4 September 2007

  US$55m finance to develop health chain.

• Royal Jet expands fleet on soaring demand18 August 2007

  UAE-based Royal Jet, a global luxury flight services company, has announced an expansion of its fleet of executive jets by adding a fifth Boeing Business Jet (BBJ) making it the leading BBJ operator worldwide.

• Three-way tie up in AD29 June 2007

  Aldar Properties, Sorouh Real Estate and Reem Investments have tied up with First Gulf Bank to form a new property company, Inshaa.

• FGB launches Inshaa Properties26 June 2007

  Property company established as a joint venture between Abu Dhabi businesses including First Gulf Bank.