The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q2 2024 net profit of 4.26 billion dirhams ($1.16 billion), a shade higher compared with the AED 4.21 billion in the year-ago period, as a …
UAE’s biggest bank FAB posts Q2 net profit at $1.16bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q2 2024 net profit of 4.26 billion dirhams ($1.16 billion), a shade higher compared with the AED 4.21 billion in the year-ago period, as a …
Pro-Palestinian Actor Levels 6-Day DDoS Attack on UAE Bank
The group also targeted organizations in Saudi Arabia, Canada, and the United Arab Emirates. The BlackMeta group announced … “Their targets typically include critical infrastructure such as banking …
UAE’s top bank FAB beats second-quarter profit estimates
The United Arab Emirates’ biggest lender by assets, First Abu Dhabi Bank (FAB) , on Thursday beat estimates for second-quarter profit, helped by growth in both interest and non-interest income.
Ministry Of Finance Launches Yearbook 2023:“Leadership In Development And Global Partnerships For Sustainable Finance
Mohamed Bin Hadi Al Hussaini:
Commercial Bank of Dubai net profit rises 30.2% in first half
Commercial Bank of Dubai (CBD) delivered a net profit after tax result of Dh1.452 billion for the first half of 2024, up 30.2 per cent on a pre-tax basis (on a post-tax basis, the result is up 18.5 …
Dubai Islamic Bank’s H1 pre-tax profit surges past $1 billion mark
Total income up 21% to $3.08 billion; Pre-tax profit up 18% to $1.01 billion; Balance sheet rises 2.7% to $87.95 billion …
Commercial Bank of Dubai Q2 profit rises 16% on higher interest income
Commercial Bank of Dubai said net profit for the second quarter of 2024 rose 16% to 751.5 million UAE dirhams ($204.60 million) compared with AED 1.23 billion a year ago, driven by strong loan growth …
UAE small firms seek streamlined banking experience
Obtaining financing from banks can be a hurdle for small and medium enterprises (SMEs) in the UAE due to short credit histories, difficulty providing colla..
UAE, GCC banks show strong appetite for expansion to Turkey, Egypt and India
Fitch cautioned that the increasing cost of acquiring banks in these countries could weigh on Gulf banks’ acquisition plans …
Dubai Islamic Bank First Half 2024 Group Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending June 30, 2024.
Dubai Islamic Bank’s H1 2024 net profit rises 8.6%
Dubai Islamic Bank (DIB) reported a nearly 9% rise in net profit for the first half of the year as its customer deposits continued to expand despite tightening global financial conditions.
Dubai Islamic Bank’s H1 2024 net profit rises 8.6%
Dubai Islamic Bank (DIB) reported a nearly 9% rise in net profit for the first half of the year as its customer deposits continued to expand despite tightening global financial conditions.
UAE: Gold prices jump Dh2 per gram in early trade on Wednesday
Gold prices jumped Dh2 per gram in Dubai at the opening of the markets on Wednesday as prices rose above $2,400 per ounce on …
UAE: Gold prices jump Dh2 per gram in early trade on Wednesday
Gold prices jumped Dh2 per gram in Dubai at the opening of the markets on Wednesday as prices rose above $2,400 per ounce on …
Dubai’s economy grows 3.2% in first quarter on non-oil sector boost
Dubai’s economy grew 3.2 per cent annually in the first quarter of 2024, with Dh115 billion ($31.3 billion) added to the emirate’s gross domestic product during the period, driven by the expansion of …
Dubai Islamic posts solid H1 growth; net profit up 8.6%
The UAE remains resilient with key sectors showing positive momentum such as tourism, hospitality, transportation and the financial sector which has demonstrated improving asset quality and rising …