In collaboration with the Dubai Government’s Finance Department, Dubai Customs has automated notifications for customs-imported transactions subject to tax between government entities. This initiative …
Dubai Islamic Bank reports net profit of $1.9bln, up 26% YoY
DUBAI: Dubai Islamic Bank today announced its results for the period ending December 31, 2023 and reported a robust rise in total income by 43% YoY to AED20 billion. Net profit of AED 7 billion, a …
UAE debt capital market prospects in 2024 positive, says Fitch
“UAE sukuk issuers’ credit profiles are predominantly stable, with 96.5% of the sukuk being investment grade and 92% on stable outlook, with the balance on positive outlook,” said Bashar Al Natoor, …
Dubai Islamic Bank’s 2023 profit climbs 24% on higher revenue
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a 24.1 per cent increase in 2023 fiscal net profit, driven by rising non-funded income and lower impairment charges.
Dubai Islamic Bank net profit for 2023 surges 26pc to $1.9bn
Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced that its group net profit for FY 2023 came in at AED7.01 billion ($1.9 billion), up 26% y-o-y compared to AED5.5 billion ($1.49 …
Dubai Islamic Bank net profit rises 26 per cent in 2023
Dubai Islamic Bank, the largest Islamic bank in the UAE, on Tuesday announced that its net profit rose 26 per cent to Dh7.01 billion for the period ending ..
Dubai Islamic Bank full year 2023 group financial results
Dubai: Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending December 31, 2023. Established in 1975, Dubai Islamic Bank is the largest …
Deutsche Bank to hire Jamal Al Kishi as CEO
Deutsche Bank said it is hiring Jamal Al Kishi to be CEO, Middle East & Africa, and vice chairman of Origination & Advisory, Middle East & Africa as the lender looks to hone its focus on the region.
Dubai logs over $3.4bln in realty transactions Tuesday
Dubai’s real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210 mortgage deals totalling AED1.95 billion, and 30 gift deals amounting to AED165.56 …
Deutsche Bank Brings Back Al Kishi as CEO for Mideast, Africa
Deutsche Bank AG appointed Jamal Al Kishi for a second stint as chief executive officer for the Middle East and Africa, four years after the seasoned executive left to lead a regional bank.
Dubai developer Deyaar triples 2023 net profit to $120mln
Dubai-listed developer Deyaar saw its net profit triple in 2023 on the back of strong property sales, according to a bourse filing on Monday. The company’s net profit for the full year ending December …
UAE consolidates its position as a global private wealth hub
where the residential property sector is skyrocketing – the real estate market in Dubai experienced record-breaking years in 2022 and 2023. Besides holding shares, bank accounts, luxury items, and …
UAE: Dubai records over AED3.3 bn in realty transactions Monday
Dubai real estate market recorded 715 sales transactions worth AED 2.28 billion, in addition to 201 mortgage deals of AED 993.9 million, and 30 gift deals amounting to AED 76.3 million on Monday, data …
Dubai records over $898mln in realty transactions Monday
DUBAI: Dubai real estate market recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million, and 30 gift deals amounting to AED76.3 million on Monday, …
Vikas Lifecare to acquire 60% stake in Dubai-based entity
The acquisition process shall be completed in the ongoing financial year, Vikas Lifecare said in an exchange filing.
Video: ADNOC sets aim to generate Dh178b back into UAE economy over 5 years
UAE energy giant also increases scope of its decarbonization efforts to Dh84.4b Dubai: The Board of Directors at UAE energy giant ADNOC has endorsed the goal to drive $48.5 billion (Dh178 billion) …
How much of a stock price bounce will Salik get after new toll-booths?
Dubai toll-gate company’s revenues are up for a hike – will … The same logic applies for the upcoming IPO Parkin, which explains the ‘buzziness’ surrounding it, ever since it has been incorporated …