UAE’s GDP contracted 7.7% in 2020: Knight Frank
The UAE’s economy might have contracted by as much as 7.7 per cent in 2020, the steepest decline estimated for…
Financial Results
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Brand value of world’s top banks drops for 2nd year in row
Tough economic conditions have seen the brand value of the world’s banks decrease for the second year in a row,…
Budget Saudi posts 5% net profit rise to $50.1m in 2020
United International Transportation Co. (Budget Saudi) reported a net profit after Zakat and tax of SR 187.9 million ($50.1 million)…
ENBD REIT's Q3 property portfolio value down to $366mln
ENBD REIT (CEIC), the shari’a compliant real estate investment trust managed by Emirates NBD Asset Management, has announced that its…
Dubai records 51,414 real estate transactions worth over Dh175 billion in 2020
Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414…
Al Rajhi Bank posts 4% profit rise to $2.82bn in 2020
Al Rajhi Bank reported an annual net profit of SR 10.596 billion ($2.82 billion) for 2020, a rise of 4…
RAKBANK reports net profit of AED 505.4 million for 2020
RAKBANK’s Total Assets declined by 7.6% during 2020 mainly due to reduced loan demand Gross Loans and Advances stood at…
Dubai's DFM Company posts $37.57mln net profit in 2020
Dubai Financial Market Company has announced its results for the financial year ending December 31, 2020, posting a net profit…
Bank Nizwa’s wholesale banking records remarkable growth in 2020
Recognised as the leading and most trusted Islamic bank in the Sultanate, Bank Nizwa has successfully achieved all set targets…
QNB among top 40 global banks by market cap
Demonstrating resilience in a challenging environment, QNB Group achieved several milestones last year. QNB strengthend its position as one of…
ADCB delivers 'resilient' performance despite testing times
Abu Dhabi Commercial Bank, the UAE’s third-largest lender, delivered a 'resilient' performance amid testing times and its long-term growth fundamentals…
Trade between Dubai and Israel reaches $272mln in five months
Dubai's trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and…