After UAE residents were scammed with fake messages from Aramax and Emirates Post, scammers are sending fake messages pretending to be from the UAE Central Bank. Read More: UAE Firmly Denies Plans …
Dubai bourse leads Gulf markets higher on upbeat earnings
Jan 24 (Reuters) – Most stock markets in the Gulf ended higher on Wednesday, largely on the back of corporate earnings with the Dubai index leading the gains … priced its initial public offering …
Saudi Arabia’s Avalon Pharma prices IPO at top of range
DUBAI, Jan 24 (Reuters) – Saudi-based Middle East Pharmaceutical Industries Company, known as Avalon Pharma, priced its initial public offering (IPO) at the top of its range, selling the shares at 82 …
Dubai’s DFSA reports record number of licensed firms in 2023
The Dubai Financial Services Authority (DFSA) has announced a record breaking number of firms licensed and registered since its establishment, achieving remarkable growth in 2023. 117 firms were …
The world is better seen from Dubai than from Davos
There is the US naval presence up in Bahrain. There is the common law in the Dubai International Finance Centre. What price Jebel Ali Port if America were to leave the guarding of shipping lanes to …
UAE Golden Visa: Dubai drops minimum down payment required for property owners
Property buyers are no longer required to make a Dh1-million minimum down payment to be eligible for the Golden Visa, Khaleej Times can …
The DFSA continues remarkable growth, issuing record number of licences since its inception
The DFSA noted a remarkable increase in Asset Managers and Hedge Fund Managers establishing presence in the DIFC, with the latter registering 125% year-on-year growth. Furthermore, as of November 2023 …
Dubai leads most Gulf markets higher
Jan 24 (Reuters) – Stock markets in the Gulf were up on Wednesday in early trade amid rising oil prices and robust corporate earnings, with the Dubai index outperforming its peers. Oil prices, a …
Dubai Islamic Bank lodges record net profit of $1.91bn for 2023
The bank also announced a 43% rise in total income to $5.45 billion, up 43 per cent compared to last year; Proposes a dividend of 45% …
UAE Gen Z employees are ‘doom spending’ and maxing credit cards to cope with economic uncertainty, say experts
UAE Gen Z are ‘doom spending’, a word personal finance experts … or other global crises such as financial or banking — then one might as well enjoy the present without much regard for future …
Dubai Islamic Bank’s 2023 net profit surges 26% to record high of $1.9bln
Dubai Islamic Bank (DIB), the biggest Islamic lender in the UAE, saw its net profit for the full year 2023 rise to its highest level, supported by higher non-funded income and lower impairment charges …
UAE’s outstanding debt capital market rose 10% last year
The size of UAE outstanding debt capital market (DCM) rose 10 per cent year-on-year, a new report showed.According to Fitch Ratings’ UAE Debt Capital Markets Dashboard: 2024, the figure rose to $270 …
Dubai Customs successfully processed over 30.4mln transactions in 2023
In collaboration with the Dubai Government’s Finance Department, Dubai Customs has automated notifications for customs-imported transactions subject to tax between government entities. This initiative …
Dubai Islamic Bank reports net profit of $1.9bln, up 26% YoY
DUBAI: Dubai Islamic Bank today announced its results for the period ending December 31, 2023 and reported a robust rise in total income by 43% YoY to AED20 billion. Net profit of AED 7 billion, a …
UAE debt capital market prospects in 2024 positive, says Fitch
“UAE sukuk issuers’ credit profiles are predominantly stable, with 96.5% of the sukuk being investment grade and 92% on stable outlook, with the balance on positive outlook,” said Bashar Al Natoor, …
Dubai Islamic Bank’s 2023 profit climbs 24% on higher revenue
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a 24.1 per cent increase in 2023 fiscal net profit, driven by rising non-funded income and lower impairment charges.
Dubai Islamic Bank net profit for 2023 surges 26pc to $1.9bn
Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced that its group net profit for FY 2023 came in at AED7.01 billion ($1.9 billion), up 26% y-o-y compared to AED5.5 billion ($1.49 …