Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced its results for the …
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Murabaha: UAE banks raise $350 million for Pakistan government
Ajman Bank and Commercial Bank of Dubai have raised $350 million (Dh1.28 billion) in Murabaha syndicated financing for the government of Pakistan.The two UAE banks acted as mandated lead arrangers and …
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Dubai-based Emirates NBD posts 17% jump in profits
Emirate’s biggest bank’s total income for the first half of 2021 was up 9% to $3.1bn over the first six months of the year due to increased transactional activity and stable net interest margins …
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Ajman Bank and Commercial Bank of Dubai conclude Pakistan’s US$ 350mln Murabaha Syndicated Financing
The transaction was fully subscribed by 12 banks. Ajman Bank PJSC also acted as Investment Agent on the facility …
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Dubai Islamic Bank net profit up 18%
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, has announced an improvement in profitability with a total income of AED5.8 billion and …
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Pakistan’s $350m murabaha syndicated financing concluded by UAE banks
Ajman Bank PJSC and Commercial Bank of Dubai have concluded Pakistan’s $350 million murabaha syndicated financing. Originally mandated for $200m, the Islamic Syndication Facility attracted more than …
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Top UAE Banks See Profits Surge as Impairments Drop on Recovery
The three largest banks in the United Arab Emirates reported a drop in impairment charges by nearly a third in the first half as they took advantage of an economic recovery from the Covid-19 pandemic.
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Dubai Shopping Malls Group’s weekly raffle draw heads to BurJuman
As the latest venue of the Dubai Shopping Malls Group’s (DSMG … Gold & Diamond Park, Ibn Batutta Mall, Lamcy Plaza, Mazaya Center, Mercato Mall, Oasis Centre, Reef Mall, Souk Al Bahar …
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UAE: Stranded Indian students desperate to return
Technical issues lead the list of challenges, with students’ ability to adapt, engage in class, and motivate themselves some of the other areas of concern.
UAE’s outstanding road map for the future
The road map and strategic aim that the UAE has mapped out for the next 50 years is quite simply outstanding. The UAE leaders have planned this vision by considering futuristic trends and how they are …
Dubai’s property market rebounds in first half of 2021
Secondary property transactions increased by 44 percent from H1 2020, while off-plan transactions showed slightly less increase …
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UAE: More awareness about diabetes can help prevent hypoglycemia, says expert
An Abu Dhabi-based health expert has stressed the need for creating more awareness about diabetes combined with the use of new technological devices to prevent hypoglycemia, which is a lesser-known …
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First Abu Dhabi Bank’s H1 profit up 11% to Dh5.4 billion
Our solid results in the first half of 2021, with Group net profit increasing 11 per cent year-on-year to Dh5.4 billion, are a testament to the successful execution of our stra …
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UAE’s First Abu Dhabi Bank posts 19 pct jump in Q2 net profit
First Abu Dhabi Bank, the United Arab Emirates’ biggest lender, posted on Wednesday a 19 percent rise in quarterly net profit, underpinned by sharp gains …
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Dubai’s diverse digital economy primed for swift rebound
Dubai’s diversified and digitalised economy was able to absorb the impact of the Covid-19 pandemic relatively well and is primed for a swift rebound, says a new Covid-19 Recovery Roadmap produced by …
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Dubai Free Zones Council Explores Business Accelerator Initiatives And Startups Support
The Dubai Free Zones Council (DFZ Council) held its 18th meeting, headed by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, to discuss strategic initiatives that …
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Dubai Islamic Bank posts H1 net profit of Dh1.86 billion
Decline in costs and impairments continue to support bank’s profitability Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE reported a net profit of Dh1.86 billion for the first …
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