Dubai’s largest bank, Emirates NBD, announced Wednesday that its net profits jumped in 2021, as the economy of the Gulf city state rebounded following a slump due to coronavirus. The bank, the second …
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UAE: Employers now have option to pay domestic workers’ wages through banks, exchange houses
Dubai: Employers of domestic workers in the UAE can now pay the wages through banks, exchange offices and approved financial institutes that are authorised by the UAE Central Bank. There will be …
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ADNOC named UAE’s most valuable brand for fourth consecutive year
implementing three successful IPO subscriptions to ADNOC Distribution, ADNOC Drilling, and Fertiglobe, among other programmes. In line with the leadership directives, Dr. Al Jaber, in his capacity as …
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UAE’s anti-money laundering and terrorism financing unit seized Dh2.3bn in 2021
A UAE task force set up to snare money launderers and criminals financing terrorism seized more than Dh2 billion in illicit funds in its first year. The Executive Office of Anti-Money Laundering and …
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UAE discussing defence upgrade after Houthi attacks- envoy to U.N.
The United Arab Emirates may upgrade its defensive capabilities after missile attacks by Yemen’s Iran-aligned Houthi group, while continuing diplomacy with Tehran to reduce regional tensions, a senior …
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UAE’s Etisalat and Adnoc ranked among world’s strongest brands
Etisalat has been ranked as the world’s strongest telecom brand and the first in the Middle East and Africa region while Abu Dhabi National Oil Co. (Adnoc) maintained its position as the UAE’s most …
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Dubai Islamic Bank posts 39% rise in net profit for 2021
Dubai Islamic Bank recorded a 39 per cent year-on-year increase in net profit for 2021, totaling Dhs4.406bn versus Dhs3.16bn earned during a year-earlier period. Last year, operating revenues declined …
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Dubai Islamic Bank’s net profit up 39% to Dh4.4 billion
Dubai: Dubai Islamic Bank (DIB), reported a net profit of Dh4.4 billion for the full year 2021, up 39 per cent year on year. “Despite the on-going global market uncertainties, the UAE banking sector …
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Dubai Islamic Bank Full Year 2021 Group Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced its results for the …
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Dubai Islamic Bank net profit record 33 percent increase
Dubai Islamic Bank, the Emirate’s largest Sharia-compliant lender by assets, registered a 33 per cent increase in its last year’s net profit, pushed …
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Dubai Islamic Bank’s 2021 profit climbs 33% on lower impairment charges
Courtesy Dubai Islamic Bank Dubai Islamic Bank reported lower impairment charges in 2021 pushing the net profit higher. Courtesy Dubai Islamic Bank . Dubai Islamic Bank, the UA …
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Adnoc named UAE’s most valuable brand, worth Dh47 billion, for 4th consecutive year
Adnoc’s $12.76 billion (Dh47 billion) brand value witnessed a 19 per cent increase over the previous year and a 174 per cent increase since 2017, said an Adnoc statement on Wednesday. Adnoc ranked the …
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UAE’s National Bank of Fujairah reports 124.2% rise in net profit for 2021
UAE lender National Bank of Fujairah (NBF) reported a net profit of Dhs115.2m for the year ended December 31, 2021, marking a 124.2 per cent increase, compared to a loss of Dhs475.3m recorded in 2020.
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Emirates NBD’s 2021 net profit up 34% to Dh9.3 billion, reinforcing UAE’s growth rebound
Significant decline in loan impairments and rise in income boosted full year profit Dubai: Emirates NBD’s net profit jumped 34 per cent to Dh9.3 billion in 2021, demonstrating the resilience of the …
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How Saud Ahmed Ibrahim Ahmed’s Leading UAE Security Company Technical Support Secure Websites & Electronic Accounts Exposes Computer Virus Attack
Cyber security analyst Saud Ahmed Ibrahim Ahmed has spoken of how his company (Technical Support Secure Websites & Electronic Accounts) stopped a potential ransom virus attack on a client’s computer.
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Dubai offers full support to financial markets to post higher growth
Dubai Mercantile Exchange was able to gain the confidence of major oil producers and consolidate its position as the most reliable source of oil pricing in the …
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Four of UAE’s SWFs in world’s top 20 largest funds
Four of the UAE’s sovereign wealth funds (SWFs) appear on the world’s top 20 largest funds list, said leading financial services PR firm Financepr.com in a new report, adding that the country seems …
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