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Month: June 2018

Posted on 01/06/2018

Nineteen UAE banks post AED 10.7 billion net profit during Q1

Of the 19 banks, seven banks listed on the Dubai Financial Market made net profits of AED 4.7 billion during Q1 2018, a growth of 27 per cent from 3.7 billion, during the same period last year and 12 banks listed on the capital’s bourse booked AED 6.00 …
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Posted on 01/06/2018

Dubai tops global real estate with 8pc rental returns

Dubai currently leads the global real estate sector in terms of investment locations among the major cities, with returns averaging 7-8 per cent per annum, compared to the best performing cities in the world, according to a report by Private Finance …
( read original story …)


Posted on 01/06/2018

Dubai index surges nearly 2%, Tadawul leads gains

The Dubai Financial Market General Index closed 1.89 per cent higher at 2,964.13. Dubai Islamic Bank closed 5.85 per cent higher to Dh5.07. Emaar Properties closed 2.16 per cent higher to Dh5.20. Emaar Development closed nearly 1 per cent lower to Dh5.30.
( read original story …)


Posted on 01/06/2018

Did the UAE have a chance at making the World Cup and blew it?

So why has the UAE not had that much success? Is it due to a lack of financial commitment to the team’s development? This lack of success could be due to several factors that can be mitigated with the right investments. World-famous Egyptian player …
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