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 …
ECI calls on UAE-based manufacturers, exporters and re-exporters to capitalise on its ‘Xport Xponential’ initiative
Commercial Bank of Dubai, Ajman Bank, the National Bank of Ras Al Khaimah, and the National Bank of Fujairah (NBF). Disclaimer: The content of this article is syndicated or provided to this website …
Ufunded.com Unveils High-Tech Headquarters in Dubai’s Iconic Opus Tower
Ufunded.com has opened its futuristic headquarters in the heart of Dubai, spanning across a third of an entire floor in the prestigious Opus Tower, designed by the legendary Zaha Hadid.
Finastra partners with CredAble to deliver a holistic supply chain finance offering to banks globally
Finastra Trade Innovation, integrated with CredAble’s supply chain finance platform, enables banks to grow their trade and supply chain finance business and deliver enhanced customer experiences …
UAE: Rakbank lands social first – IFR
Through the issuance of social bonds, Rakbank will fund projects related to healthcare and employment generation …
UAE’s PureHealth-backed US healthcare group Ardent Health Partners completes NYSE IPO
Image Credit: Supplied Abu Dhabi: Alpha Dhabi Health Holding’s PureHealth has successfully concluded the initial public offering (IPO) of its subsidiary, Ardent Health Partners, on the New York Stock …