Dubai’s DFM sees 1% fall in nine-month net profit

Dubai Financial Market Company on Monday announced a net profit of AED173.3 million for the first nine months of 2017, a 1 percent decrease compared to the same period of 2016. Net profit for the third quarter fell by 22 percent to AED27.7 million ... ( read original story ...)

UBF banking forum to focus on future of tech-based banking

... (UBF), a professional representative body comprising 48 member banks operating in the UAE, has released the full agenda on the Middle East Banking Forum. Currently in its fifth edition, the forum is a premier annual event for the region’s banking ... ( read original story ...)

UAE deposit growth surged as credit growth remained weak

Dubai: Deposits in the UAE’s banking system rose in September as credit growth continued to be anaemic, according to UAE Central Bank monetary data. Gross credit growth remained lacklustre in September at just 0.1 per cent month on month. This reflected ... ( read original story ...)

Dubai developer Union launches new investment arm

Union Properties on Monday announced the formation of a new investment arm, UPP Capital Investment, as the Dubai-based real estate group continues to roll out its diversification strategy. The new entity will specialise in direct and indirect real ... ( read original story ...)

Dubai bank Emirates NBD’s Q3 profit rises 37%

Emirates NBD (ENBD), Dubai’s largest lender, posted a 37 per cent rise in third-quarter net profit on Monday as impairments tumbled and operating income rose. The bank, the last major lender from the United Arab Emirates to report its earnings during the ... ( read original story ...)