UAE Digital Bank Zand Wins Franklin, Aditya Birla Backing
Zand, a digital bank helmed by Dubai businessman Mohamed Alabbar, has won the backing of investors such as Franklin Templeton…
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SHUAA Capital net profit before one-off impairments reaches record high of AED 229mln
SHUAA Capital has announced its preliminary financial results for fiscal year 2021. The Group achieved a net profit of AED…
Waha Capital delivers net profit of AED 391mln
Waha Capital has reported a 69% increase in 2021 net profit to AED 391 million, compared to net profit of…
Bank ABC Announces 2021 Results
Bank ABC has announced its results for the Year ended 31 December 2021. The Group delivered solid results during…
Burgan Bank Successfully Establishes a Sustainable Financing Framework
Burgan Bank K.P.S.C. successfully established a sustainable financing framework in accordance with the applicable International Capital Market Association (ICMA) and…
Emaar Properties’ 2021 profit jumps 80% on record sales
Emaar Properties reported an increase of more than 80 per cent in its net profit for 2021, after its best…
Saudi Arabia's Al Rajhi Bank posts 39% rise in 2021 profit as operating income grows
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 39 per cent rise surge in its 2021 net…
Corporate Tax in UAE
Very rarely one gets to witness an actual “paradigm shift”. For tax professionals, otherwise used to frequent tax reforms, to…
Mashreq Bank Chooses Thetaray Transaction Monitoring Solution for Correspondent Banking
Mashreq Bank of the UAE and ThetaRay has announced they will collaborate in transaction monitoring. The implementation of ThetaRay's AI-driven,…
Al-Rushood: KFH Profits Approximated Pre-Covid19 levels
Acting Group CEO of Kuwait Finance House (KFH), Abdulwahab Essa Al-Rushood said that the Group performance has grown significantly during…
For UAE developers, low-cost financing from Europe opens up interesting options
UAE developers with new projects could be looking to Europe to access cheaper funding options. Dubai Investments’ Khalid Bin Kalban…
Mubadala Capital holds a successful final close on its first investment fund in Brazil
Mubadala Capital has closed its first fund in Brazil, Brazil Special Opportunities Fund I (“BSOF I”), with total commitments of…