An Abu Dhabi court has instructed a resident to pay Dh8,000 to his ex-wife, which he had obtained after selling off her …
UAE’s Biggest Banks Beat Estimates as Economy Boosts Earnings
The two biggest banks in the United Arab Emirates posted a jump in annual profit, topping estimates, after the country’s strong economic growth helped to drive an increase in margins and net interest …
Dubai lender Emirates NBD 2022 net profit up 40%
Emirates NBD , Dubai’s biggest lender, reported a 40% jump in 2022 net profit to 13 billion dirhams ($3.5 billion) on Thursday, helped by higher interest rates and transaction volumes which boosted overall income.
Heavy rains in Dubai: Delivery apps announce suspension, delay in services due to unstable weather
Delivery apps are warning their customers that deliveries may be delayed due to the unstable weather. Deliveroo posted a notice on their home page, informing customers that they are not accepting orders as the weather is bad.
RAK Properties launches Julphar Residences in Reem Island, Abu Dhabi
The new project consists 266 apartments with high quality furnishings and two swimming pools. RAK Properties launches Julphar Residences, Abu Dhabi. Julphar Residences, RAK Properties, ras al khaimah, …
UAE Property: ‘Can I evict my tenant for breach of contract?’
Question: I have been informed that my tenant is using the property in an illegal way. I have also been told that there is a criminal case against him for allegedly accepting funds from investors …
Higher interest rates could temper UAE’s commercial real estate market – RICS
The UAE’s commercial real estate sector remains among the strongest globally, but higher borrowing costs could temper its outlook in the short to medium term, according to an industry survey. The …
From basic instincts to drones – the tools that Dubai Customs officials use to catch suspects
Thrust on research, innovation helps inspectors to keep on top of the game Hussain Al Fardan, Senior Head of Innovation Centre, at the 6th Dubai Customs Week in Dubai. Image Credit: Clint Egbert/Gulf …
First Abu Dhabi’s fourth-quarter profit down 26%, 2022 earnings up 7%
First Abu Dhabi Bank , the UAE’s biggest lender, reported a 7% rise in 2022 net profit on Thursday despite its fourth-quarter profit falling 26% from a year earlier.
Abu Dhabi’s Largest Bank Appoints ABN Amro’s Lars Kramer as CFO
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. First Abu Dhabi Bank PJSC hired Lars Kramer from ABN Amro Bank NV as its …
‘Dubai aims to double economy from $4bn to $8bn through D33’: AB UAE Conference
Hadi Badri, CEO of Dubai Department of Economy and Tourism speaks on Dubai’s futuristic plans ‘Dubai aims to double economy from $4bn to $8bn through D33’: AB UAE Conference AB UAE Conference, Arabian …
Dubai’s Business Bay sees highest number of real estate transactions in 2022
Dubai Land Department has also worked to enhance the real estate investment environment in the emirate by providing seamless services, introducing conduci …
Dubai’s Emirates NBD 2022 net profit at Dh13b, up by an eye-catching 40%
In final quarter of ’22, Dubai bank’s profit tally gained 94% to Dh3.9b Dubai: the biggest bank in Dubai, Emirates NBD profits for 2022 shot up 40 per cent to Dh13 billion, which reflects ‘resilience’ …
UAE mega-bank FAB hits record net profit of Dh13.4b in 2022; dividend set at 52 fils a share
Image Credit: Clint Egbert/Gulf News Dubai: UAE’s biggest bank FAB closed 2022 with a staggering net profit of Dh13.4 billion, and for which the management has proposed a 52 per cent dividend (which …
Sharjah Business Women Council Contributes To Success Of 2,300 Projects
SHARJAH, 25th January, 2023 (WAM) — With a diverse membership of 2,342, the Sharjah Business Women Council (SBWC) has fostered a positive business environment and increased women’s participation in …
First Abu Dhabi Bank’s 2022 net profit jumps to record on interest income boost
First Abu Dhabi Bank, the UAE’s largest lender by assets, said it 2022 net profit rose 7 per cent to a record on higher interest income and strong performance of its core business as the country’s …
UAE: Gold prices jump Dh3 per gram in early trade, hit 9-month peak
Gold prices hit a nine-month high on Thursday, as investors eye US economic data that could influence the Federal Reserve’s policy tightening …