Dubai real estate fund says irregular trading dented share price
Emirates REIT, a Dubai-based sharia-compliant real estate investment trust, said on Sunday it had found evidence of irregular trading activity…
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ADX gains, real estate banks weigh on DFM
The UAE and other Gulf markets began the week mixed but the week ahead looks positive as lockdown measures ease…
Abu Dhabi Islamic Bank first-quarter profit plunges 55%
Abu Dhabi Islamic Bank on Sunday (May 10) reported first-quarter Group net profit of 269.69 million dirhams ($73.44 million) compared…
A guide to relief and stimulus measures for businesses in Dubai amid COVID-19 crisis
Given the economic slowdown caused by the COVID-19 pandemic, businesses in Dubai have been subjected to a variety of relief…
Four in 10 rich UAE investors plan to invest more in next 6 months, UBS says
Most wealthy investors in the UAE are either retaining their current stock portfolios or planning to invest more over the…
Qatar Central Bank Is “Actively Working” on Fintech Initiatives, and Exploring Blockchain Use Cases
Qatar’s central bank has proposed a second strategic plan which involves establishing clear policies that aim to support venture capital…
UAE’s ADCB posts 82% drop in Q1 net profit
Abu Dhabi Commercial Bank reported a Q1 net profit of Dhs209m, down nearly 82 per cent from Dhs1.152bn in the…
Gulf banks can absorb up to $36B shock
Despite facing deterioration in profitability in 2020 because of the dual shock of Covid-19 and the decline in oil prices,…
UAE criticised for ‘ineffective’ sanctions and money laundering efforts
Authorities in the United Arab Emirates are facing criticism for their “minimal” implementation of UN sanctions and lacklustre efforts to…
The IFSB and AMF renew Mou to support the development of the Islamic finance among member countries
The Islamic Financial Services Board and the Arab Monetary Fund (AMF) sealed the continuation of collaboration between the two institutions…
GCC arbitration centre gets $5.5m claims in Q1
The GCC Commercial Arbitration Centre has received arbitration claims worth $5.5 million during the first three months despite the current…
Saudi Tabadul opens e-platform for bank guarantee service
Saudi Company for Exchanging Digital Information (Tabadul), a subsidiary of the Public Investment Fund (PIF) has launched a first-of-its-kind digital…