The total market capitalisation of DFM increasing from AED576 billion in 9M 2022 to AED697 billion this year Dubai Financial Market (DFM) net profit increased by 109 percent to AED186.2 million ($50.7 …
Dubai Islamic Bank Posts Record Profits Amid Economic Volatility
In an era of uncertainty and economic volatility, the Dubai Islamic Bank (DIB) has emerged as a beacon of financial resilience, posting record profits for the first nine months of 2021. The bank’s net …
UAE Stock Markets Surge in October: A Tale of Resilience and Growth
In the sandy dunes of the UAE, a different kind of storm was brewing in October – a financial one. The local stock markets in the country saw a rejuvenated surge, bolstering their capitalization by …
Dubai Financial Market Reports 109% Increase in Net Profit Amid Surge in Trading Activity
In the opulent heart of Dubai, the city’s financial hub pulsates with a different kind of energy. Amid towering skyscrapers and sprawling trading floors, a story of remarkable growth unfolds. The …
MENA investor community key force in unlocking $4trln per year in Climate Finance
DUBAI:The Alternative Investment Management Summit (AIM) celebrated its latest edition convening investors and managers from various sectors of the alternative investment industry, including hedge …
UAE President receives Mohammed bin Rashid
Their Highnesses exchanged greetings with the assembled majlis guests and engaged in talks together covering a number of topics …
Dubai Islamic Bank’s Q3 2023 net profit rises 18% to $1.3bln
Dubai Islamic Bank, the biggest Islamic lender in the UAE, saw its net profit rise by 18% year-on-year in the third quarter of 2023, supported by growth in core revenues and decline in impairment …
Dubai Islamic Bank profit climbs 20% driven by higher income
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a nearly 20 per cent increase in third-quarter net profit, as revenue rose on economic growth in the emirate. Net …
Dubai Taxi to launch $300 million IPO, report says
Dubai Taxi Corporation aims to secure $300 million in capital through a planned initial public offering (IPO).. Dubai Taxi to launch $300 million IPO, report says. dubai, dubai taxi, Dubai Taxi IPO, …
Tawasal, Dubai Financial Market Announce Partnership To Enhance Trading Experience
Abu Dhabi-based multi-purpose messenger Tawasal SuperApp and Dubai Financial Market (DFM) have announced a strategic partnership to boost accessibil …
UAE: ‘We Can Reimagine Entire Economies’ Pre-COP Event Sees Progress In Major Issues
Revising Nationally Determined Contributions (NDCs), commitment to the $100 billion climate finance, keeping 1.5 degrees within reach, global stocktake, and the funding and arrangements for loss and …
Dubai records 116,116 new real estate transactions worth Dhs429.67 billion
Real estate transactions in Dubai achieved significant growth in the first nine months of 2023, recording a growth of more than 36.7 percent in value and 33.8 percent of transactions compared to the …
Investment advisory firms increasingly drawn to Dubai
A recent report by Altrata highlights that Dubai boasts the largest share ultra-high net worth individuals of UHNWIs, with about 67% of the approximately 830 UHNWIs based in the city treating Dubai as …
Dubai Islamic Bank profit climbs 20% driven by higher revenue
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a nearly 20 per cent increase in third-quarter net profit, as revenue rose on economic growth in the emirate.Net …
Dubai Islamic Bank net profit rises by 18% to Dh4.8 billion in third quarter
Dubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday announced that third quarter group net profit came in at Dh4,823 million, up 17.6 per cent year-on-year compared to Dh4,101 …
Dubai Islamic Bank 3rd quarter 2023 group financial results
Continued improvement in RoTE registering 18.4%, up 140 bps YTD. Dubai: Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending September …
HE Sheikh Nahayan Mabarak Al Nahayan inaugurates Bank Alfalah’s international branch in Dubai, UAE
To provide tailored wholesale banking solutions to corporate clients in Dubai, Bank Alfalah, one of Pakistan’s leading commercial banks, recently opened its international branch at Shaikh Zayed Road …