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 …
Some 84% of UAE investors likely to invest in future IPOs: survey
These are the findings from the landmark UAE Investor Pulse Survey 2024, conducted by Edelman Smithfield, a specialised global financial communication advisor …
UAE investors show strong interest in future IPOs, survey finds
The UAE Investor Pulse Survey 2024 provides insights into investor sentiment regarding the country’s capital markets …
Dubai’s GDP tops $31.3bln in first quarter of 2024, with its economy growing 3.2%
His Highness said it is especially commendable that the emirate’s successes in this regard highlight the combined efforts and teamwork of various stakeholders to realise the objectives of the emirate’ …
UAE fintech Aura partners with Reem Finance to improve SME cash flow
The agreement envisages providing SMEs immediate payment on their invoices through Aura’s invoice financing feature …
UAE fintech Aura partners with Reem Finance to improve SME cash flow
The agreement envisages providing SMEs immediate payment on their invoices through Aura’s invoice financing feature …
UAE, Indonesia ink MoU on Public Financial Management
The UAE has signed a Memorandum of Understanding (MoU) with Indonesia to enhance cooperation in public financial management. The agreement covers a range of financial practices, including macro and …