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Category: FINANCE

Posted on 23/01/2024

Deutsche Bank to hire Jamal Al Kishi as CEO

Deutsche Bank said it is hiring Jamal Al Kishi to be CEO, Middle East & Africa, and vice chairman of Origination & Advisory, Middle East & Africa as the lender looks to hone its focus on the region.

Posted on 23/01/2024

Dubai logs over $3.4bln in realty transactions Tuesday

Dubai’s real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210 mortgage deals totalling AED1.95 billion, and 30 gift deals amounting to AED165.56 …

Posted on 23/01/2024

Deutsche Bank Brings Back Al Kishi as CEO for Mideast, Africa

Deutsche Bank AG appointed Jamal Al Kishi for a second stint as chief executive officer for the Middle East and Africa, four years after the seasoned executive left to lead a regional bank.

Posted on 23/01/2024

Dubai developer Deyaar triples 2023 net profit to $120mln

Dubai-listed developer Deyaar saw its net profit triple in 2023 on the back of strong property sales, according to a bourse filing on Monday. The company’s net profit for the full year ending December …

Posted on 23/01/2024

UAE consolidates its position as a global private wealth hub

where the residential property sector is skyrocketing – the real estate market in Dubai experienced record-breaking years in 2022 and 2023. Besides holding shares, bank accounts, luxury items, and …

Posted on 23/01/2024

UAE: Dubai records over AED3.3 bn in realty transactions Monday

Dubai real estate market recorded 715 sales transactions worth AED 2.28 billion, in addition to 201 mortgage deals of AED 993.9 million, and 30 gift deals amounting to AED 76.3 million on Monday, data …

Posted on 23/01/2024

Dubai records over $898mln in realty transactions Monday

DUBAI: Dubai real estate market recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million, and 30 gift deals amounting to AED76.3 million on Monday, …

Posted on 22/01/2024

Vikas Lifecare to acquire 60% stake in Dubai-based entity

The acquisition process shall be completed in the ongoing financial year, Vikas Lifecare said in an exchange filing.

Posted on 22/01/2024

Video: ADNOC sets aim to generate Dh178b back into UAE economy over 5 years

UAE energy giant also increases scope of its decarbonization efforts to Dh84.4b Dubai: The Board of Directors at UAE energy giant ADNOC has endorsed the goal to drive $48.5 billion (Dh178 billion) …

Posted on 22/01/2024

How much of a stock price bounce will Salik get after new toll-booths?

Dubai toll-gate company’s revenues are up for a hike – will … The same logic applies for the upcoming IPO Parkin, which explains the ‘buzziness’ surrounding it, ever since it has been incorporated …

Posted on 22/01/2024

Dubai GDP surges 3.3% in 2023 as emirate pursues ambitious economic vision: Sheikh Hamdan

So far, Dubai has remained relatively shielded from international headwinds thanks to limited sensitivity to interest rate hikes and contained inflation. Mortgage transactions in Dubai continued …

Posted on 21/01/2024

Dubai continues its economic surge with 3.3% GDP growth in the first nine months of 2023

The growth reflects Dubai’s continued attractiveness as a global real estate destination. Finance & Insurance Sector grows 2.7% Dubai’s financial and insurance sector, a significant contributor to the …

Posted on 21/01/2024

Emaar, CCL Pharma and other companies exploring IPO option at PSX

KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties … (PSX), their key officials informed during a panel discussion held here in a day-long IPO Summit 2024 themed ‘Empowering the …

Posted on 21/01/2024

Dubai traffic to ease as RTA completes 14 road improvements, travel times slashed by 50%

Dubai road improvements will continue throughout 2024, revealed Abdulla Yousef Al Ali, CEO of Traffic and Roads Agency at RTA …

Posted on 21/01/2024

Emaar, CCL Pharma and other companies exploring IPO option

KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties, Pakistan’s multinational pharma company CCL, FF Steel, Fast Cables and International Packaging Films are all at different …

Posted on 20/01/2024

UAE: Salik drives gains at Dubai Financial Market Friday

The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator Salik (SALIK.DU).

Posted on 20/01/2024

Salik drives gains at Dubai Financial Market Friday

The Dubai Financial Market (DFM) climbed higher on Friday, driven by a surge in toll operator Salik (SALIK.DU). The main index (.DFMGI) rose 0.714%, fueled by a 5.180% jump in Salik shares after the …

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