In its Arab Economic Outlook report issued today, the AMF stated that the expected growth of the UAE’s economy this year is driven by continued improvements in tourism activity, real estate, and …
UAE reaffirms support for sustainable finance and climate action empowerment at COP28-G20
Developing financial structure for accessible and affordable sustainable finance; Exploring investment opportunities for climate action and private …
UAE Construction Market Size, Trends, and Forecasts 2019-2023 & 2024-2028
Dublin, July 25, 2024 (GLOBE NEWSWIRE) — The “The UAE Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and …
Astra Tech’s Quantix becomes first fintech to secure UAE central bank’s finance company license
Quantix Technology Projects was the first fintech platform to receive the prestigious Finance Company Licence from the Central Bank of the UAE Astra Tech announced on Thursday its wholly-owned …
Commercial Bank of Dubai declares USD395m net income in H1
(MENAFN) In a recent announcement detailing its financial performance for the first half of 2024, the Commercial bank of Dubai (CBD) has reported a remarkable net profit of AED 1.452 billion (USD395 …
UAE’s biggest bank FAB posts Q2 net profit at $1.16bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q2 2024 net profit of 4.26 billion dirhams ($1.16 billion), a shade higher compared with the AED 4.21 billion in the year-ago period, as a …
UAE’s biggest bank FAB posts Q2 net profit at $1.16bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q2 2024 net profit of 4.26 billion dirhams ($1.16 billion), a shade higher compared with the AED 4.21 billion in the year-ago period, as a …
Pro-Palestinian Actor Levels 6-Day DDoS Attack on UAE Bank
The group also targeted organizations in Saudi Arabia, Canada, and the United Arab Emirates. The BlackMeta group announced … “Their targets typically include critical infrastructure such as banking …
UAE’s top bank FAB beats second-quarter profit estimates
The United Arab Emirates’ biggest lender by assets, First Abu Dhabi Bank (FAB) , on Thursday beat estimates for second-quarter profit, helped by growth in both interest and non-interest income.
Ministry Of Finance Launches Yearbook 2023:“Leadership In Development And Global Partnerships For Sustainable Finance
Mohamed Bin Hadi Al Hussaini:
Commercial Bank of Dubai net profit rises 30.2% in first half
Commercial Bank of Dubai (CBD) delivered a net profit after tax result of Dh1.452 billion for the first half of 2024, up 30.2 per cent on a pre-tax basis (on a post-tax basis, the result is up 18.5 …
Dubai Islamic Bank’s H1 pre-tax profit surges past $1 billion mark
Total income up 21% to $3.08 billion; Pre-tax profit up 18% to $1.01 billion; Balance sheet rises 2.7% to $87.95 billion …
Commercial Bank of Dubai Q2 profit rises 16% on higher interest income
Commercial Bank of Dubai said net profit for the second quarter of 2024 rose 16% to 751.5 million UAE dirhams ($204.60 million) compared with AED 1.23 billion a year ago, driven by strong loan growth …
UAE small firms seek streamlined banking experience
Obtaining financing from banks can be a hurdle for small and medium enterprises (SMEs) in the UAE due to short credit histories, difficulty providing colla..
UAE, GCC banks show strong appetite for expansion to Turkey, Egypt and India
Fitch cautioned that the increasing cost of acquiring banks in these countries could weigh on Gulf banks’ acquisition plans …
Dubai Islamic Bank First Half 2024 Group Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending June 30, 2024.
Dubai Islamic Bank’s H1 2024 net profit rises 8.6%
Dubai Islamic Bank (DIB) reported a nearly 9% rise in net profit for the first half of the year as its customer deposits continued to expand despite tightening global financial conditions.