Dubai: Mashreq Bank reported an operating income of Dh1.6 billion for Q1-2022, a gain of 11 per cent from a year ago, derived in large part by improved net interest income and tha …
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Dubai court tells bank to pay Dh9.5m to customer that he lost in unauthorised transactions
A court in Dubai has ordered a local bank to pay Dh9.5 million ($2.5m) to a customer after he lost that amount in unauthorised transactions. The court heard how he was the victim of a Sim swap after …
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Dubai Islamic Bank’s first quarter net profit jumps 58% on lower impairment charges
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a nearly 58 per cent rise in first quarter net profit driven by lower impairment charges and higher operating revenue, …
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UAE’s Dubai Islamic Bank Q1 net profit up 58% on lower impairments
Dubai Islamic Bank, the UAE’s largest Islamic lender, posted a 58 percent jump (y-o-y) in its Q1 2022 net profit at 1.34 billion dirhams ($365 million), driven by lower impairments and a stronger top …
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Dubai Islamic Bank 1st Quarter 2022 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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Dubai Islamic Bank’s total income at over Dh3b for Q1-2022
Net profit shoots up 58% as DIB numbers reflect all-round gains for UAE banks Dubai: Net profits at Dubai Islamic Bank are up a substantial 58 per cent to Dh1.3 billion for the first three months, …
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UAE’s 2022 GDP growth could even hit 6.3% on higher oil, says IIF
IIF forecasts much higher growth for UAE than IMF’s latest estimates Dubai: GDP growth for the UAE economy could hit 6.3 per cent in real terms to $483. 4 billion this year, according to Institute of …
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UAE: Bank ordered to pay customer over $700,000 after SIM card swap fraud
The court ruled that the transfers would not have happened if the personal details of the client were not leaked …
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Higher oil prices boost UAE banks’ liquidity
The UAE banks have strong liquidity with liquid assets at 38 per cent of total assets as of December 2021, up from 36 per cent as of December 2020, …
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Rashid Ali bin Obood appointed CEO of public debt management in Dubai’s finance department
Dubai: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, has appointed Rashid Ali bin Obood Al Falasi as the CEO of Public Debt Management …
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Moelis Wins Role on Third Dubai Listing With Empower Mandate
Moelis & Co. to work on its initial public offering that’s planned for later this year, according to people familiar with the matter. Known as Empower, the company has been working with Moelis on …
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UAE: Bank ordered to pay customer Dh9.5 million after SIM card swap fraud
The court ruled that the transfers would not have happened if the personal details of the client were not leaked …
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Dubai free zone operator Tecom plans book-build for IPO
Tecom, which operates Dubai’s internet and media cities, will also list on DFM Dubai: Dubai’s Tecom Group, the business park operator that houses offices of more than 6,000 companies, approved a plan …
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UAE’s planned dirham T-bonds is key to develop debt market, diversify funding
The UAE government’s planned launch of its first dirham-denominated treasury bonds is an important step as it is a key enabler for the development of the nascent domestic Debt Capital Market (DCM) and …
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FirstCry to raise $1 billion via IPO; Kotak Mahindra Capital, Morgan Stanley on board
Multiple sources confirmed to Moneycontrol that preliminary discussions with investment banks over the IPO had already started.
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How to build a hedge fund
Hedge funds employ various investment strategies in an effort to … Let us create a solution tailored for your needs. Get in touch with our Dubai-based team by phone or email to discuss your …
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London Beats Dubai as Top City for Foreign Investment in Finance
London attracted more foreign investment in finance firms than any other city last year, underlining the Square Mile’s attraction to investors even after the U.K.’s departure from the European Union.
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