The firm was the largest buyout fund in Mena until it collapsed in 2018, after investors raised concerns about the management of its $1 billion healthcare fund …
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Dubai Islamic Bank posts record 9-month profit surge to Dh4.1b
Issac Johnissacjohn@khaleejtimes.comDubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday announced a 34 per cent surge in year-on-year profit to Dh4.1 billion, the highest-ever …
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UAE’s central bank pilots cbank digital currencies transactions
The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world’s largest pilot of central bank digital currencies (CBDC) transactions, with other regulators …
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UAE banking major Mashreq posts AED2.6 billion net profit in Jan-Sept 2022
The bank’s operating income in the period increased by 24.3 percent to AED5.3 billion over the same year-ago period, driven mainly by a spike in net interest income UAE banking major Mashreq posts …
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UAE’s biggest bank FAB says CFO Burdett to retire
First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender, said on Wednesday its Chief Financial Officer James Burdett will retire and remain at the bank until a successor is appointed.
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UAE’s biggest bank FAB crosses Dh10b in profit for first 9 months of 2022
We are confident in the resilience of this region’, says FAB Group CEO Hana Dubai: The UAE’s biggest bank, FAB, recorded Dh10.95 billion as profit for the first nine months of 2022, against Dh9.21 …
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Dubai records around $463mln in realty transactions on Tuesday
DUBAI: 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, …
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Dubai records over AED1.7 bn in realty transactions Tuesday
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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