Dubai – The Commercial Bank of Dubai (CBD) recorded 46.40% year-on-year (YoY) higher net profits at AED 1.93 billion in the first nine months (9M) of 2023, compared to AED 1.32 billion.
Generation Start-up: How Vault seeks to reshape investment practices in the UAE
It was through their work in the UAE’s wealth advisory industry that Bilal Abou-Diab and Sami Abdul Hadi noticed how most high-net-worth individuals in the region were receiving inconsistent …
Mastercard becomes Invest Bank’s exclusive partner for card issuance and remittances
Invest Bank, a premier commercial bank in the UAE, has selected Mastercard as its exclusive strategic partner for retail and corporate card issuance and remittances. Pressing forward with its ongoing …
Arab Bank Group Reports Net Profits Of $630 Million For The First Nine Months Of 2023
(MENAFN- Dubai PR Network) Arab Bank Group Reports Net Profits of $630 Million for the First Nine Months of 2023 Dubai, UAE, 29 October 2023: Arab Bank Group delivered strong financial performance in …
COP28 President calls for improved adaptation finance for vulnerable nations
Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, has called for greater efforts to tackle adaptation finance gaps and prioritise actions to make climate …
Arab Bank Group reports net profits of $630mln for the first nine months of 2023
Dubai, UAE: Arab Bank Group delivered strong financial performance in the first nine months of this year, reporting net income after tax of $630.3 million compared to $405.8 million for the same …
Healthy Middle East IPO pipeline leans on growing local support in tough markets
The region remains the most resilient in EMEA despite geopolitical tensions, thanks in part to a deep local capital pool …
XRP Community Speculates on Potential IPO Announcement at Ripple Swell Dubai
The upcoming Ripple Swell event in Dubai has sparked speculation within the XRP community that Ripple might officially announce its plans to have an initial …
Dubai real estate: $6.36bn of transactions this week, including MASSIVE $3.8bn Jebel Ali mortgage
The Dubai real estate sector recorded AED23.38bn ($6.36bn) if transactions in the week ending October 27. According to the Dubai Land Department there were 1,761 transactions this week, with the …
Dubai’s Shuaa Capital awaits note-holder votes for capital structure optimisation
Zawya sources say the investment bank was in last-minute discussions ahead of the note holder vote on the exchange offer …
Mashreq bank’s net profit rises 122% in first 9 months of 2023
Mashreq said the increase in operating income and net profit was primarily attributed to a significant 82 per cent increase in net interest income …
The UAE’s Banking Oasis: A Saga of Remarkable Growth and Resilience
In the expansive, mirrored halls of the Central Bank of the United Arab Emirates (UAE), a fresh and remarkable narrative is emerging. A narrative not of oil wells and skyscrapers, but of a financial …
B2B credit risk in UAE as businesses face cash flow constraints
The B2B (business-to-business) credit risk in the UAE is on the rise as businesses face cash flow constraints, according to Atradius, an authorised EU-reinsurer and trusted global leader in credit …
Record profits at top UAE banks set an upbeat tone for earnings season ahead
Blue-chip bank Emirates NBD latest to post massive profits, after ADCB and FAB Emirates NBD bank was the latest and yet another top UAE lender to record upbeat results in the past week. Image Credit: …
Dubai’s rise in global trade and the new face of globalisation
Dubai’s rise in global trade and the new face of globalisation By His Excellency Abdul Aziz Al Ghurair, Chairman of Dubai Chambers Over the past few decades, globalisation has transformed economies …
UAE’s Banking Sector Shines: A Tale of Economic Resilience
Under the gilded skies of the United Arab Emirates, a story of economic resilience is being written. The protagonists: 13 national banks whose combined net profits have surged to an impressive AED 50.
UAE’s Emaar in talks to buy towers in New Alamein City: Alabbar
Alabbar noted that Emaar Misr for Development is not intending to delist its shares from the Egyptian Exchange (EGX …