Dubai Islamic Bank 2016 net profit rises 6%, beats forecasts

Dubai: Dubai Islamic Bank (DIB) said on Wednesday its 2016 net profit rose 6 per cent, beating analysts expectations. The company said it saw robust growth in profitability despite slow economic environment even as impairment losses declined. The bank ... ( read original story ...)

UAE property to get pricier: Here is why

* Raising interest rates typically strengthens a currency and the UAE central bank will mirror any moves by the Fed to maintain the dollar peg A stronger dirham value will likely weigh on the UAE’s real estate sector this year, a Dubai-based property ... ( read original story ...)

Dubai Properties yields over 3,000 units in 2016

DUBAI Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, concluded 2016 with a successful handover over 3000 units, supporting one of the city’s leading handover ... ( read original story ...)

Wiko aims to sell 240,000 phones in UAE this year

Dubai: French smartphone start-up Wiko aims to sell around 20,000 mid-range devices per month in the UAE and re-enter the power retail segment in the first half of this year. Kashif Siddiqui, head of sales at Wiko UAE, told Gulf News that the company sold ... ( read original story ...)

Dubai-based deVere Group buys private bank in the Caribbean

DeVere Group, a global financial advisory company, said it has expanded into private banking by buying St Lucia-based Arton Bank. The Dubai company, which has been beefing up its presence in the Arabian Gulf in recent years, will be wading into a crowded ... ( read original story ...)

Dubai emerges as new Asia finance hub, DFSA says

Dubai: Dubai Financial Services Authority (DFSA) chairman Saeb Eigner said Chinese, Japanese and Indian banks topped the asset lists at Dubai International Finance Centre (DIFC), marking a shift in global trade to Asia. Speaking at the Asian Financial ... ( read original story ...)

UAE’s judicial system, police services ranked best in region

Dubai: The UAE is ranked first in the Arab world and among top 25 countries around the world in 2017 for the efficiency of its judicial system. The National Agenda Index pointed out that the UAE achieved those ranks in the ‘Ease of doing business ... ( read original story ...)

UAE investments in India likely to go up

manufacturing and energy sectors due to the visit of Abu Dhabi Crown Prince,” Gary Dugan, chief investment officer at Emirates NBD, told Gulf News. He said India has been focusing on developing its manufacturing sector through Make in India initiative ... ( read original story ...)