UAE banking sector profitability improves in Q2 2021
The UAE banking sector’s profitability improved in the second quarter on 2021 with the return on equity (RoE) back at…
Financial Results
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Emirates NBD seeks to double diamond trade financing by 2025
The bank said in a statement it has collaborated with Dubai Multi Commodities Centre (DMCC) on the project to leverage…
Dubai's Emirates NBD will see profitability returning to pre-pandemic levels by 2022
Moody's Investors Service expects the profitability of Dubai’s Emirates NBD to be more resilient than its peers, reflecting the benefits…
Saudi Arabia closes $3bln August sukuk program
The National Debt Management Center has closed the August 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. …
Qatar banks’ net profit zooms to pre-pandemic levels
Eight leading Qatari banks reported an aggregate net profit of QAR11.8 billion ($3.2 billion), up 12 per cent from the…
Dubai's prime property values mark fastest growth since 2016
Dubai’s prime residential properties have witnessed above-average capital growth over the last six months, according to real estate services provider…
Qatar's 'strong growth rebound' seen on growing Asian LNG demand: World Bank
Qatar’s economy is projected to grow by 3% in 2021 before accelerating to 4.1% in 2022 and 4.5% in 2023,…
Savills World Cities Prime Index: Capital values
Across the 30 cities in the report, capital values grew by an average of 3.9% over the first 6 months…
Dubai's Union Properties profits up 483% in Q2
Dubai's Union Properties PJSC, Dubai's iconic real estate developer listed on Dubai Financial Market and its diversified subsidiaries, announced its…
Al Baraka Banking Group records a net profit of US$ 53mln attributable to shareholders, for the first half of 2021
Al Baraka Banking Group has announced its financial results for the second quarter of 2021. The Group announced net income of…
Ithmaar Bank announces half-year profits Customer deposits continue to grow remarkably
Ithmaar Bank has announced its financial results for the six-month period ended 30 June 2021, reported continued customer growth and…
Amlak Finance posts of $53.67mln net profit in H1
Amlak Finance, a leading Islamic real estate financier, reported on Wednesday a net profit of Dh197 million for H1 2021,…