Commercial Bank of Dubai on Wednesday announced a record net profit of Dh1.936 billion for the first nine months of 2023, up 46.4 per cent compared to the corresponding period in 2022.Outstanding …
UAE banks’ investments exceed Dhs 580 billion by end of August
The UAE banks’ investments surpassed Dhs580 billion, hitting a record high in August 2023, according to the Central Bank of the UAE. The investment grew by 19.5 percent year-over-year to reach Dhs585.
Commercial Bank of Dubai’s 9M-2023 net profit up 46.41% to Dh1.935 billion
Net income rose 44.88% over a year ago to Dh2.427 billion Dubai: Commercial Bank of Dubai’s profit rose 46.41 per cent year-on-year to Dh1.935 billion for the nine months through September 2023. Net …
Navigating the Dunes of Opportunities: Exploring the Dubai Financial Market
Are you ready to embark on an exhilarating journey through the shifting sands of the Dubai Financial Market? Join us as we delve into this vibrant and dynamic landscape, where opportunities abound …
Ministry of Finance and Abu Dhabi Chamber of Commerce and industry discuss enhancements to business sector and government work
The pillars of cooperation between the Ministry of Finance and the Abu Dhabi Chamber of Commerce and Industry are based on the Ministry’s strategy …
Dubai luxury off-plan real estate boom could push developers to ignore affordable mid-market, experts warn
As Dubai’s off-plan market booms with uber-luxury launches, industry voices emphasise the need to maintain availability across more affordable segments or risk inequitable access …
Investcorp Capital IPO: Firm announces intention to list and trade shares on ADX
The company and the selling shareholder retain the right to amend the size of the offering and the size of each tranche at any time before the pricing of the offering, subject to the applicable laws …
‘I’m a Dubai housewife with an £82,000 monthly allowance – but there are big downsides’
Dubai housewife Linda Andrade has gone viral after revealing some of the ‘worst’ things about being married to a millionaire – and people are absolutely stunned!
Sharjah Islamic Bank completes integrated connectivity through Buna Platform
The Sharjah Islamic Bank (SIB) announced the completion of the integration process for its financial and banking operations in the field of payments with the Arab Regional Payments Clearing and …
Investcorp Capital announces ADX IPO as it plans 29% sale
Investcorp Capital has announced its intention for an IPO on the Abu Dhabi Securities Exchange (ADX). Investcorp will sell off 643m ordinary shares with a nominal value of $0.5 (AED1.84) each. The …
Dubai to set up committee to settle family business disputes
Dubai is to set up a committee to boost family businesses, a critical part of the emirate’s private sector economy, its Government Media Office said on Tuesday. The move will prevent any harm to …
MoE signs MoU with Securities & Commodities Authority and Economic Security of Dubai to enhance oversight of auditing profession
It will help boost investor confidence in the UAE’s financial and business markets, solidifying the country’s status as a leading global trade and investment hub. The Undersecretary said: “The MoU is …
Moec, SCA, Economic Security Centre Of Dubai To Enhance Oversight Of Auditing Profession
Under the terms of the MoU, a joint work team will be set up to verify the quality of work of auditors working for public joint-stock companies listed in the UAE’s financial markets and the local …
ICAEW: Free zone companies urged to pay closer attention to UAE’s new corporate tax regulations
As the UAE’s new corporate tax regime comes into effect, many free zone companies remain unclear about how the changes affect them. To help, ICAEW held a Q&A session with Joe Pacelli, Head of Tax at …
AIIB, UAE COP28 Presidency Partnership to Accelerate Energy Transition in Asia
Among them is the initiation of a new blended finance structure as part of shared efforts to drive … technology-enabled and promotes regional connectivity. About the UAE COP28 Presidency: …
Saudi National Bank third quarter profit rises 6%
Saudi National Bank (SNB) reported on Tuesday a rise of 6% in net profit for the third quarter from a year earlier, boosted by higher operating income and lower provisions for bad loans.
UAE’s Invest Bank joins e& enterprise blockchain platform UAE Trade Connect
Sharjah, UAE: UAE Trade Connect (UTC) today announced the addition of Invest Bank as its 13th official member, marking a significant milestone in e& enterprise’s blockchain fintech platform’s mission …