Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended 30 June 2024. Net profit before tax grew to AED 195.4 million, marking a significant 74% increase …
Man who gave mule accounts to Dubai-based crooks held
A man from Hassan, Karnataka, was arrested for facilitating cyber fraud by providing mule accounts to Dubai-based criminals. The fraudsters used these accounts for siphoning money through online …
DIFC continues to drive future of finance with outstanding H1 2024 results
The number of active registered companies in the Dubai International Financial Centre (DIFC) exceeded 6,000 for the first time in the first half of 2024, i..
UAE summer 2024: Flight tickets under AED1,000 from Dubai
Here is all you need to know about budget friendly round-trip tickets to destinations including including India, Kuwait, Pakistan, Saudi and Oman …
DIFC adds 820 more companies in first half with assets under management hitting $700bn
The Dubai International Financial Centre added 820 companies in the first half of the year, with the total assets under management in financial district rising to more than $700 billion amid …
Dubai Financial Market reports 74% profit increase in H1 2024; attracts over 72,000 new investors
DFM’s total consolidated revenue grew by 40 percent to AED305.7 million, up from AED218.1 million in the same period of 2023 …
DIFC continues to drive the future of finance with outstanding H1 2024 results
The Dubai International Financial Centre (DIFC), the leading global financial centre in MEASA region, announced outstanding results for the first half of 2024. Coinciding with its 20th anniversary, …
Scope Solutions solidifies presence in UAE with successful one year, plans to expand enhance services soon
The company offers cloud computing and SaaS technology, with a pioneering focus on accounting firms and finance-focused businesses …
RAKBANK income, profit & balance sheet growth continues into 2024 as the bank’s strategy embeds further
Customer advances in Wholesale Banking increased by AED 715M, Business Banking segment by AED 538M and Retail Banking segment by AED 423M, compared to 31st December 2023. Strong balance sheet momentum …
Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
High-net worth individuals are in many cases voting with their feet, seeking greener pastures – or in the case of tax-free expat hubs like Dubai, sandier beaches – as costs and taxes rise in their …
Dubai Financial Market announces 74% rise in Net Profit (pre-tax), for the first half of 2024 to Dhs 195.4 Million
Dubai Financial Market (DFM … The landmark event offered key insights into the future of finance, and underscoring DFM’s status as a leading global listing venue. Commenting on DFM’s performance, …
Commercial Bank of Dubai introduces services for virtual asset service providers
Commercial Bank of Dubai (CBD) on Monday announced the launch of dedicated accounts for virtual asset service providers (VASPs) to manage client money and regulatory prudential requirements, in …
Dubai Financial Market posts 74% rise in first-half pre-tax profit
Image Credit: Bloomberg Dubai Financial Market (DFM) posted a net profit before tax of Dh195.4 million for the six months ended June 30, 2024, marking a significant 74 per cent increase over last year …
CORRECTION — Network International and Biz2X Announce Embedded Financing Partnership to Transform SME Lending in the UAE
Biz2X’s SME financing solution will deliver capital to Network International’s vast network of merchants in the UAENEW YORK and DUBAI, United Arab Emirates, July 29, 2024 (GLOBE NEWSWIRE) — A press …
Dubai contractor Drake & Scull swings to first-half profit after restructuring deal
Net income for six months to the end of June reached Dh30 million ($8.17 million) from a Dh163 million loss recorded for the first half of last year, the company said in a statement to the Dubai …
Arab and local entities explore ministry of finance’s “digital procurement platform”
The platform integrates technological and business best practices to offer services and products for federal procurement at competitive prices …
Commercial Bank of Dubai introduces core banking services for virtual asset service providers
This pioneering initiative underscores CBD’s commitment to fostering innovation and supporting the growing digital asset ecosystem in the region …