Dubai Islamic Bank third-quarter profit up 26%

DUBAI: Dubai Islamic Bank (DIB), the United Arab Emirates’ largest Sharia-compliant lender, posted a 26 percent increase in third-quarter net profit on Wednesday as higher income from Islamic financing and investing offset a rise in impairment charges. ( read original story ...)

Qatar National Bank rules out sale of stake in UAE bank

DUBAI- 11 October 2017:Qatar National Bank’s said on Wednesday its stake in United Arab Emirates-based Commercial Bank International is not for sale. There has been speculation over QNB’s stake in the UAE bank after other Qatari companies cut some UAE ... ( read original story ...)

Look who’s investing $41bn in Dubai

The Dubai real estate market is one of the most attractive and reliable markets in the world, with AED151 billion ($41 billion) invested by 217 nationalities in the sector between January 2016 and June 2017. That market attracts investors from all over the ... ( read original story ...)

Abu Dhabi seeking to retain season finale spot

Promoters for the Abu Dhabi Grand Prix say that they want to stay on the Formula ... “We have seen it before and I don’t think it took anything away from the event,” he told Gulf News. “People still came, enjoyed themselves, and watched their ... ( read original story ...)