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Category: FINANCE

Posted on 26/01/2022

UAE’s Etisalat and Adnoc ranked among world’s strongest brands

Etisalat has been ranked as the world’s strongest telecom brand and the first in the Middle East and Africa region while Abu Dhabi National Oil Co. (Adnoc) maintained its position as the UAE’s most …
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Posted on 26/01/2022

Dubai Islamic Bank posts 39% rise in net profit for 2021

Dubai Islamic Bank recorded a 39 per cent year-on-year increase in net profit for 2021, totaling Dhs4.406bn versus Dhs3.16bn earned during a year-earlier period. Last year, operating revenues declined …
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Posted on 26/01/2022

Dubai Islamic Bank’s net profit up 39% to Dh4.4 billion

Dubai: Dubai Islamic Bank (DIB), reported a net profit of Dh4.4 billion for the full year 2021, up 39 per cent year on year. “Despite the on-going global market uncertainties, the UAE banking sector …
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Posted on 26/01/2022

Dubai Islamic Bank Full Year 2021 Group Financial Results

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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Posted on 26/01/2022

Dubai Islamic Bank net profit record 33 percent increase

Dubai Islamic Bank, the Emirate’s largest Sharia-compliant lender by assets, registered a 33 per cent increase in its last year’s net profit, pushed …
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Posted on 26/01/2022

Dubai Islamic Bank’s 2021 profit climbs 33% on lower impairment charges

Courtesy Dubai Islamic Bank Dubai Islamic Bank reported lower impairment charges in 2021 pushing the net profit higher. Courtesy Dubai Islamic Bank . Dubai Islamic Bank, the UA …
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Posted on 26/01/2022

Adnoc named UAE’s most valuable brand, worth Dh47 billion, for 4th consecutive year

Adnoc’s $12.76 billion (Dh47 billion) brand value witnessed a 19 per cent increase over the previous year and a 174 per cent increase since 2017, said an Adnoc statement on Wednesday. Adnoc ranked the …
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Posted on 26/01/2022

UAE’s National Bank of Fujairah reports 124.2% rise in net profit for 2021

UAE lender National Bank of Fujairah (NBF) reported a net profit of Dhs115.2m for the year ended December 31, 2021, marking a 124.2 per cent increase, compared to a loss of Dhs475.3m recorded in 2020.
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Posted on 26/01/2022

Emirates NBD’s 2021 net profit up 34% to Dh9.3 billion, reinforcing UAE’s growth rebound

Significant decline in loan impairments and rise in income boosted full year profit Dubai: Emirates NBD’s net profit jumped 34 per cent to Dh9.3 billion in 2021, demonstrating the resilience of the …
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Posted on 26/01/2022

How Saud Ahmed Ibrahim Ahmed’s Leading UAE Security Company Technical Support Secure Websites & Electronic Accounts Exposes Computer Virus Attack

Cyber security analyst Saud Ahmed Ibrahim Ahmed has spoken of how his company (Technical Support Secure Websites & Electronic Accounts) stopped a potential ransom virus attack on a client’s computer.
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Posted on 25/01/2022

Dubai offers full support to financial markets to post higher growth

Dubai Mercantile Exchange was able to gain the confidence of major oil producers and consolidate its position as the most reliable source of oil pricing in the …
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Posted on 25/01/2022

Four of UAE’s SWFs in world’s top 20 largest funds

Four of the UAE’s sovereign wealth funds (SWFs) appear on the world’s top 20 largest funds list, said leading financial services PR firm Financepr.com in a new report, adding that the country seems …
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Posted on 25/01/2022

UAE Core Banking Solutions Market Analysis by Size, Share, Growth, Trends, and Forecast, 2021 2027

UAE Core Banking Solutions Market 2022 PORTLAND, OREGON, UNITED STATES, January 24, 2022 /EINPresswire.com / — Allied Market Research pu …
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Posted on 25/01/2022

UAE – Abu Dhabi Islamic Bank appoints new head of private banking

Dr Amer brings over 20 years of experience in the banking industry, primarily in wealth management and business development. by A Staff Reporter …
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Posted on 25/01/2022

UAE: Gold prices rise ahead of Fed meeting, Russia-Ukraine conflict

Gold prices were flat on Tuesday morning, as investors looked for interest rate hike cues from the US Federal Reserve’s meeting, while safe-haven bullion was buoyed by risk-off trades over concerns of …
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Posted on 25/01/2022

UAE – Ajman Bank to provide Dh152 million in financing for Aljada

Ajman Bank has signed a financing agreement with local developer Arada that will provide Dh152 million to finance the construction of two key projects within the fast-growing Aljada mixed-use …
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Posted on 24/01/2022

UAE Intercepts Two Ballistic Missiles Over Abu Dhabi Fired From Yemen

Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueMorgan Stanley’s Slimmon Warns Against Buying Growth-Stock DipU.S. Futures Rebound With Focus on Fed Tightening: …
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