The session was organized by the Financial Policies and Government Accounting Standards Department and attended by audit directors from various ministries and federal entities …
Global investment of $4 trillion needed for net zero emissions by 2050: Experts
The AIM Summit brings together industry leaders to explore trends and opportunities in the alternative investment industry and emphasises the role of the private sector in addressing climate change …
Dubai Financial Market and Tawasal SuperApp partner to boost accessibility and investor engagement
The collaboration between DFM and Tawasal aims to enhance data accessibility The strategic collaboration between Dubai Financial Market (DFM) and Tawasal will greatly enhance users’ access to …
DFM reports strong financial results for 9M 2023, net profit up 109%
The total market capitalisation of DFM increasing from AED576 billion in 9M 2022 to AED697 billion this year Dubai Financial Market (DFM) net profit increased by 109 percent to AED186.2 million ($50.7 …
Dubai Islamic Bank Posts Record Profits Amid Economic Volatility
In an era of uncertainty and economic volatility, the Dubai Islamic Bank (DIB) has emerged as a beacon of financial resilience, posting record profits for the first nine months of 2021. The bank’s net …
UAE Stock Markets Surge in October: A Tale of Resilience and Growth
In the sandy dunes of the UAE, a different kind of storm was brewing in October – a financial one. The local stock markets in the country saw a rejuvenated surge, bolstering their capitalization by …
Dubai Financial Market Reports 109% Increase in Net Profit Amid Surge in Trading Activity
In the opulent heart of Dubai, the city’s financial hub pulsates with a different kind of energy. Amid towering skyscrapers and sprawling trading floors, a story of remarkable growth unfolds. The …
MENA investor community key force in unlocking $4trln per year in Climate Finance
DUBAI:The Alternative Investment Management Summit (AIM) celebrated its latest edition convening investors and managers from various sectors of the alternative investment industry, including hedge …
UAE President receives Mohammed bin Rashid
Their Highnesses exchanged greetings with the assembled majlis guests and engaged in talks together covering a number of topics …
Dubai Islamic Bank’s Q3 2023 net profit rises 18% to $1.3bln
Dubai Islamic Bank, the biggest Islamic lender in the UAE, saw its net profit rise by 18% year-on-year in the third quarter of 2023, supported by growth in core revenues and decline in impairment …
Dubai Islamic Bank profit climbs 20% driven by higher income
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a nearly 20 per cent increase in third-quarter net profit, as revenue rose on economic growth in the emirate. Net …
Dubai Taxi to launch $300 million IPO, report says
Dubai Taxi Corporation aims to secure $300 million in capital through a planned initial public offering (IPO).. Dubai Taxi to launch $300 million IPO, report says. dubai, dubai taxi, Dubai Taxi IPO, …
Tawasal, Dubai Financial Market Announce Partnership To Enhance Trading Experience
Abu Dhabi-based multi-purpose messenger Tawasal SuperApp and Dubai Financial Market (DFM) have announced a strategic partnership to boost accessibil …
UAE: ‘We Can Reimagine Entire Economies’ Pre-COP Event Sees Progress In Major Issues
Revising Nationally Determined Contributions (NDCs), commitment to the $100 billion climate finance, keeping 1.5 degrees within reach, global stocktake, and the funding and arrangements for loss and …
Dubai records 116,116 new real estate transactions worth Dhs429.67 billion
Real estate transactions in Dubai achieved significant growth in the first nine months of 2023, recording a growth of more than 36.7 percent in value and 33.8 percent of transactions compared to the …
Investment advisory firms increasingly drawn to Dubai
A recent report by Altrata highlights that Dubai boasts the largest share ultra-high net worth individuals of UHNWIs, with about 67% of the approximately 830 UHNWIs based in the city treating Dubai as …
Dubai Islamic Bank profit climbs 20% driven by higher revenue
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a nearly 20 per cent increase in third-quarter net profit, as revenue rose on economic growth in the emirate.Net …