Dubai Islamic Bank First Quarter 2023 Group Financial Results
Significant rise in Total Income of 47% YoY to AED 4.4 billion. Net profit of AED 1.5 billion, strong growth…
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Ray Dalio set to open branch of family office in Abu Dhabi
Ray Dalio plans to set up a branch of his family office in Abu Dhabi, part of the hedge fund…
Why UAE is set to become a hub for family offices
The UAE is increasingly becoming a hub for family offices, with some of the world’s big names setting up offices…
Doing business in the UAE: an introduction
The United Arab Emirates (UAE) is often used as a base for Middle East and North African operations by companies…
AIIB to open first overseas office in Abu Dhabi, UAE
The Asian Infrastructure Investment Bank and the United Arab Emirates have signed a host member agreement to officially open in…
Tata Steel makes strategic appointment to complement regional growth
Tata Steel has announced the appointment of Shuja Haque as Regional General Manager for the Middle East region. A 23-year…
Mastercard and DIFC to drive digital transformation by partnering with FinTech companies
Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has…
Dubai’s real estate sector sees transactions worth $42.7bln in Q1 this year, an 80% rise from Q1 2022
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of…
Islamic insurer Takaful Emarat’s board resigns en masse
The board of Islamic insurer Takaful Emarat has resigned en masse, and the company has announced that it has opened…
Citi appoints Shamsa Al-Falasi as CEO of Citibank, N.A. UAE Onshore branch
Citi announced the appointment of Shamsa Al-Falasi as Chief Executive Officer of Citibank, N.A. UAE Onshore Branch, in the United…
Dubai may exceed pre-pandemic international tourist numbers in 2023
Dubai could exceed the pre-pandemic annual number of international visitors this year following a growing influx of tourists, according to…
Oman: CBO issues treasury bills worth $109.1mln
The Central Bank of Oman raised OMR42 million by way of allotting treasury bills on Tuesday. The value of…