There is the US naval presence up in Bahrain. There is the common law in the Dubai International Finance Centre. What price Jebel Ali Port if America were to leave the guarding of shipping lanes to …
UAE Golden Visa: Dubai drops minimum down payment required for property owners
Property buyers are no longer required to make a Dh1-million minimum down payment to be eligible for the Golden Visa, Khaleej Times can …
The DFSA continues remarkable growth, issuing record number of licences since its inception
The DFSA noted a remarkable increase in Asset Managers and Hedge Fund Managers establishing presence in the DIFC, with the latter registering 125% year-on-year growth. Furthermore, as of November 2023 …
Dubai leads most Gulf markets higher
Jan 24 (Reuters) – Stock markets in the Gulf were up on Wednesday in early trade amid rising oil prices and robust corporate earnings, with the Dubai index outperforming its peers. Oil prices, a …
Dubai Islamic Bank lodges record net profit of $1.91bn for 2023
The bank also announced a 43% rise in total income to $5.45 billion, up 43 per cent compared to last year; Proposes a dividend of 45% …
UAE Gen Z employees are ‘doom spending’ and maxing credit cards to cope with economic uncertainty, say experts
UAE Gen Z are ‘doom spending’, a word personal finance experts … or other global crises such as financial or banking — then one might as well enjoy the present without much regard for future …
Dubai Islamic Bank’s 2023 net profit surges 26% to record high of $1.9bln
Dubai Islamic Bank (DIB), the biggest Islamic lender in the UAE, saw its net profit for the full year 2023 rise to its highest level, supported by higher non-funded income and lower impairment charges …
UAE’s outstanding debt capital market rose 10% last year
The size of UAE outstanding debt capital market (DCM) rose 10 per cent year-on-year, a new report showed.According to Fitch Ratings’ UAE Debt Capital Markets Dashboard: 2024, the figure rose to $270 …
Dubai Customs successfully processed over 30.4mln transactions in 2023
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 …