Dubai real estate market recorded 425 sales transactions worth AED1.32 billion, in addition to 71 mortgage deals of AED386.7 million, and 12 gift deals amounting to AED56.77 million on Tuesday, data …
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Government revenues increased by 26% in 2021: UAE Ministry of Finance
ABU DHABI – The Ministry of Finance (MoF) released today the preliminary government finance statistics data for year 2021, in accordance with the criteria of the Government Finance Statistics Manual …
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UAE digital banking sector eyes higher penetration level
The UAE banking sector, one of the world’s biggest adopters of fintech, is pressing ahead with its digital transformation drive to enable the nation make further strides in digital banking penetration …
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Dubai Islamic Bank’s Q3 profit rises 14% on higher revenue and lower provisioning
Provided by The National Dubai Islamic Bank’s head office. The UAE’s largest Islamic lender registered a 32 per cent increase in its nine-month net profit. Photo: Dubai Islamic …
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Creative Zone and Wio Bank announce channel partnership
To transform the way business banking is done by digitalising and eliminating common pain points experienced by SMEs and entrepreneurs …
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Why Dubai apartments are the choice ahead of villas for property hunters again
Apartments in Dubai are the preference of buyers once again in a reversal of the pivot to villa and town house living during the early part of the coronavirus pandemic. Villas became more attractive …
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UAE firms keener to invest in the metaverse, IoT and intelligent automation than global counterparts KPMG study shows
KPMG UAE Tech Report 2022 revealed that a majority (93%) of UAE businesses plan to invest in the metaverse Dubai, UAE: Organizations in the UAE are paving the way ahead of their global counterparts in …
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UAE central bank’s fifth round T-bond issue rakes up AED7.57 billion bids
The strong demand was seen across both tranches, with a final allocation of AED750 million for the 2-year tranche and AED750 million for the 3-year tranche UAE central bank’s fifth round T-bond issue …
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Dubai Islamic Bank nine months 2022 group financial results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending September 30, 2022.
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Dubai Islamic Bank Q3 profit climbs to $381mln in Q3 2022
Dubai Islamic Bank (DIB) has posted a profit of AED 1.4 billion ($381 million) for the third quarter of 2022 as business and operating conditions in the UAE continue to strengthen, the bank’s chairman …
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Dubai Islamic Bank posts 34% rise in group net profit for Q1-Q3 2022
The bank reported total income of Dhs9.873bn, rising 10 per cent year-on-year, compared to Dhs8.94bn last year …
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DIFC, Global Ethical Finance Initiative join hands to support COP28 agenda
To support GEFI’s Path to COP28 programme, DIFC will back a series of report launches, events and roundtables during the next 12 months …
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Ready for Rishi Sunak as PM? British expats in UAE are cautiously optimistic about the wealthiest politicians in UK
Rishi Sunak will become Britain’s first Prime Minister of colour on Tuesday. After months of political and economic turmoil, the former finance minister is..
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Empower plans to sell 10% stake, list on Dubai Financial Market
Emirates Central Cooling Systems Corporation (Empower) on Monday announced its intention to proceed with an initial public offering (IPO) and to list a portion of its ordinary shares …
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Dubai International Financial Centre launches programme with Global Ethical Finance Initiative aligning with the UAE’s COP28 Agenda
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, on Monday announ..
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Empower to sell 10pc stake, list on Dubai Financial Market
Emirates Central Cooling Systems Corporation (Empower) has announced its intention to proceed with an initial public offering (IPO) and to list a portion of its ordinary shares for trading on the …
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Dubai to offer 10% of Empower in fourth state-linked IPO
Dubai’s Emirates Central Cooling Systems Corporation (Empower) plans to launch its initial public offering next week, company executives said on Monday.
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