Dubai Islamic Bank, the UAE’s largest Islamic lender, posted a 12% jump year-on-year (YoY) in its Q1 2023 net profit to 1.5 billion dirhams ($408 million), driven by higher revenues and lower …
UAE: International bank appoints first Emirati woman CEO
She joined the bank as a graduate in 2004 and has since worked across many geographies including Dublin, London, and Sao Paulo, before being appointed as senior business and relationship manager for …
UAE: Eid Al-Fitr holiday in financial markets from 29 Ramadan to 3 Shawwal
The Securities and Commodities Authority announced that the Eid Al-Fitr holiday for both the Abu Dhabi Securities Exchange and the Dubai Financial Market will start on the day after tomorrow, Thursday …
UAE Minister for Financial Affairs Forecasts Fall in Inflation, Positive Economic Growth
The UAE’s Minister for Financial Affairs, Mohamed Hadi Al Hussaini, has forecasted a fall in inflation to 3.2 percent by the end of 2023, down from 4 …
Industry leaders gather for Hedge Funds World Conference in Dubai
Chief Investment Officer of isthimar (Dubai). Antoine Massad, Chief Executive of Man Investments Middle East Limited who is once again chairing the event said, “The hedge fund industry has made …
Aggregate capital and reserves of banks operating in the UAE up 8.5% in January: CBUAE
Aggregate capital and reserves of banks operating in the UAE increased by 8.5% (y-o-y) to AED 438.6 billion at the end of January 2023 from AED 404.3 billion at the end of January 2022, according to …
UPDATE 1-UAE bank ADCB reports record profit in Q1, up 27%
Abu Dhabi Commercial Bank , the UAE’s third-biggest lender, reported a 27% rise in first-quarter net profit, boosted by higher net interest and non-interest income. The bank reported a record net …
Dubai logs over AED1.8bn in realty transactions Monday
Dubai’s real estate market recorded 496 sales transactions worth AED1.67 billion on Monday, in addition to 107 mortgage deals totalling AED169.05 million, and 13 gift deals amounting to AED32.08 …
Dubai FinTech Summit Dialogues examine financial sector challenges
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, hosted the second Dubai FinTech Summit (DFS) Dialogues …
Aggregate capital and reserves of banks operating in UAE up 8.5% to AED 438.6 bn at end of January 2023: CBUAE
Aggregate capital and reserves of banks operating in the UAE increased by 8.5% (y-o-y) to AED 438.6 billion at the end of January 2023 from AED 404.3 billion at the end of January 2022, according to …
UAE explores cooperation with global financial organisattions
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, held bilateral meetings with a number of senior officials from international financial organisations …
Dubai raises social funding for people with disabilities by 60%
The project will also finance assistive devices and technologies, repair of vehicles, transportation and the costs of ensuring workplaces are equipped with facilities for people with disabilities, …
UAE authorities share money-saving tips
UAE authorities have shared tips to help residents and citizens … which is different than saving some money in a bank account. Finally, it is of pivotal importance to set aside an emergency amount …
Minister sees inflation easing as UAE’s outlook remains robust
Dubai saw its annual inflation rate rising to 4.9 per cent … driven by an increase in prices of restaurants and accommodation services and insurance and financial services which went up by 4.47 per …
Dubai’s financial hub unravels tales of creativity by local, international artists
“Over the years, DIFC has established itself as a leading art hub, and bringing back the DIFC Sculpture Park for a second year reaffirms our commitment to supporting Dubai’s art and culture vision,” …
UAE bank ADCB quarterly net profit up 27%
Abu Dhabi Commercial Bank , the UAE’s third-biggest lender, reported a 27% rise in first-quarter net profit, boosted by higher net interest and non interest income.
ADCB, Al Hilal Bank brings UK digital banking to UAE nationals
Nomo is part of BLME, a subsidiary of Boubyan Bank, and was set up to bring high-quality, Shari’ah-compliant digital banking to non-UK residents in the Middle East ADCB, Al Hilal Bank brings UK …