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Category: FINANCE

Posted on 31/10/2023

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 …

Posted on 31/10/2023

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 …

Posted on 31/10/2023

Türkiye-UAE trade volume this year to hit $15B, says Turkish trade minister

The annual trade volume between Türkiye and the United Arab Emirates (UAE) will reach $15 billion at the end of this year and $25 billion soon after than, the Turkish trade minister said on Tuesday.

Posted on 31/10/2023

UAE, Canada are advanced societies with modern economies: Canadian Envoy

The envoy said there would be a very large Canadian delegation at COP28, perhaps upwards of 700 people, seeking to support and advance the climate agenda …

Posted on 31/10/2023

Malawi’s Climate Change Minister Praises UAE’s COP28 Preparations, Highlights Climate Finance Priority

ABU DHABI, 31st October, 2023 (WAM) — Malawi’s Minister of Natural Resources and Climate Change Dr. Michael Osei has praised the UAE’s except …

Posted on 31/10/2023

H.E. Sheikh Nahayan Mabarak Al Nahayan inaugurates Bank Alfalah branch in Dubai, UAE

Bank Alfalah, one of Pakistan’s leading commercial banks, inaugurated its international branch at the Shaikh Zayed Road (in Dubai relocated from Al-Khaleej Building, Zaabeel Street) to provide …

Posted on 31/10/2023

Citi moves Russia country officer to oversee UAE businesses, operations

Citi has appointed Maria Ivanova, former Citi Country Officer (CCO) for Russia, as CCO for the UAE, to oversee all businesses and operations in the country.

Posted on 31/10/2023

Dubai taxi operator $300mn IPO; New Saudi aviation economic policy framework; Six Senses AlUla opening – 5 trending stories to read today

Dubai Taxi Corporation (DTC) a unit of the emirate’s transport authority, is set to initiate the city’s first privatisation effort of the year, aiming to raise approximately $300 million through a …

Posted on 31/10/2023

Citi appoints Maria Ivanova as Citi Country Officer for the UAE

Dubai – Citi announced the recent appointment of Maria Ivanova as Citi Country Officer (CCO) for the United Arab Emirates. Maria will also assume the role of the Senior Executive Officer for Citibank …

Posted on 31/10/2023

Infosys Finacle and Red Hat host roundtable discussion in Dubai to explore the need for re-composable banking solutions

Event focused on critical themes such as digital transformation, technological innovation, the future of banking, and evolving customer needs within the financial …

Posted on 31/10/2023

Dubai Financial Market Announces 109 Per Cent Rise In Nine-Month Net Profit

Dubai Financial Market (DFM) on Monday announced that its net profit increased by 109 per cent to Dh186.2 million for the period ended 30 September …

Posted on 30/10/2023

UAE’s new housing policy allows citizens to resell houses, transfer mortgage

Cabinet meeting chaired by Sheikh Mohammed announces UAE Government Annual Meetings, formation of Emirates Drug Establishment …

Posted on 30/10/2023

Dubai to host AI & Web3 Festival on 11-12 September

The ‘Dubai AI and Web3 Campus’ today announced the inaugural ‘Dubai AI & Web3 Festival’ organised by Dubai International Financial Centre (DIFC), …

Posted on 30/10/2023

Dubai Financial Market posts 109% rise in net profit for the first nine months of 2023

Image Credit: Shutterstock Dubai Financial Market (DFM) posted a 109 per cent jump in net profit to Dh186.2 million during the first nine months of 2023, driven by an evident increase in the number of …

Posted on 30/10/2023

COP28 in UAE: Map to fast-tracking energy transition unveiled to keep 1.5°C within reach

The COP28 Presidency, the International Renewable Energy Agency (IRENA), and the Global Renewables Alliance (GRA) have launched a joint report on fast-trac..

Posted on 30/10/2023

Dubai Taxi plans to raise $300mln from IPO next month – Report

Dubai Taxi Corporation, a unit of Dubai’s transport regulator, plans to raise nearly $300 million from a listing on the local bourse next month, Bloomberg reported, citing informed sources.

Posted on 30/10/2023

XRP Community Expects Ripple Labs To Announce IPO At Dubai Event

Ripple Swell is the flagship two-day event of the blockchain firm that centers on “discussions on topics that are most important to the finance industry today.” …

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