Prime Minister Muhammad Shehbaz Sharif has expressed gratitude to President of the United Arab Emirates Mohammed Bin Zayed for the deposit of one billion dollars with the State Bank of Pakistan. In a …
Banking, real estate blue chips continue to drive UAE stock markets
The UAE stock markets on Wednesday continued to capitalise on improved investor sentiments, with blue-chip telecommunications, banking and real estate stocks leading the gainers in the capital’s …
Pakistan gets $1 billion boost from UAE ahead of key IMF decision
“As a time-tested friend & brotherly country, the UAE has always come forward to support Pakistan,” Prime Minister Shahbaz Sharif tweeted. “We deeply acknowledge this kind gesture & consider it …
Commercial Bank of Dubai posts 41.5% jump in H1 profit
Commercial Bank of Dubai reported an operating income of Dhs2.5bn in the first six months of 2023, up 41.9 per cent.
UAE gives $1 billion in reserve support to Pakistan
The United Arab Emirates has deposited $1 billion with Pakistan’s central bank to support foreign exchange reserves, Pakistan’s Finance Minister Ishaq Dar said on Wednesday.
UAE deposits $1 billion to Pakistan
The deposit comes a day after Riyadh transferred $2b as Islamabad looks at the IMF board to approve a $3b bailout …
High Consumer Trust Index confirms UAE’s momentum in banking sector
The Trust Index found that 85% of respondents are convinced that banks operating in the UAE put customers first, while 100% say banking services have improved; this compares to 98% in 2021 (2020: 92%, …
Dubai records property deals to the tune of over $870 million on Tuesday
Tuesday’s deals included 650 sales transactions worth AED2.55 billion, 83 mortgage deals of AED578.62 million, and 40 gift deals amounting to AED64.04 million Dubai records property deals to the tune …
Dubai records over AED3.2 bn in realty transactions Tuesday
Dubai real estate market recorded 650 sales transactions worth AED2.55 billion, in addition to 83 mortgage deals of AED578.62 million, and 40 gift deals amounting to AED64.04 million on Tuesday, data …
Dubai records over $871mln in realty transactions Tuesday
DUBAI: Dubai real estate market recorded 650 sales transactions worth AED2.55 billion, in addition to 83 mortgage deals of AED578.62 million, and 40 gift deals amounting to AED64.04 million on Tuesday …
UAE finance ministry’s new projects to boost country’s economic environment
The five “transformational” projects announced by the UAE Ministry of Finance will enhance the country’s economic environment and boost investments in the Emirates, executives have said.The projects, …
UAE Ministry of Finance reveals five projects to drive future growth
The UAE’s Ministry of Finance has announced five major projects to improve government financial work aimed at further enhancing future readiness. They include local supply strategies, transparency in …
Emirates NBD launches WhatsApp banking service
Emirates NBD allows customers to use 15 services on WhatsApp Emirates NBD launches WhatsApp banking service Emirates NBD, UAE banks, WhatsApp, WhatsApp services Banking & Finance …
DIB Bank Kenya Plans to Bolster Trade Between Kenya and UAE
DIB Bank Kenya seeks to double support for small and medium-sized enterprises (SMEs). The subsidiary of Dubai Islamic Bank PJSC (AE) also plans to boost trade between Kenya and the United Arab …
Gulf International Bank partners with COP 28 world climate summit in Dubai
Manama: Gulf International Bank B.S.C. (GIB) today announced its partnership with World Climate Summit – The Investment COP 2023. The event, which is hosted by World Climate Foundation, will take …
Qatar National Bank’s Q2 profit falls 4%
DUBAI, July 10 (Reuters) – Qatar National Bank , the oil-rich Gulf’s biggest lender by assets, reported on Monday a 4% drop in second-quarter net profit to 3.7 billion riyals ($1.02 billion). QNB …
DIFC teams up with alternative investment group AIMA as it attracts more hedge funds
The Dubai International Financial Centre has signed a preliminary agreement with the Alternative Investment Management Association and welcomed five additional global hedge funds as it seeks to …