Dubai's Emirates NBD H1 net profit up 17% to $1.3bln
Dubai’s biggest bank Emirates NBD said its net profit rose 17 percent to 4.8 billion dirhams ($1.3 billion) as a…
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UAE's biggest lender FAB posts 19% jump in Q2 net profit
First Abu Dhabi Bank, the United Arab Emirates' biggest lender, posted on Wednesday a 19% rise in quarterly net profit,…
BBK discloses its financial results for the half year ended 30th June 2021
BBK has announced its financial results for the half year ended 30th June 2021, including the second quarter of 2021.…
Al Fardan exchange partners with Empay’s contactless ecosystem
Al Fardan Exchange, one of the UAE’s leading financial services providers, has announced a partnership with Empay, the world’s innovative…
RAKBank reports 25% jump in second-quarter net profit amid continued economic recovery
National Bank of Ras Al Khaimah reported a 25.4 per cent surge in its first-quarter net profit as loans and…
Commercial Bank of Dubai’s H1 profit up 27.5 per cent year on year
Commercial Bank of Dubai (CBD) has delivered a net profit of Dh676 million for the first half of 2021, up…
Dubai mortgage deals surge 91% in H1 on back of lending reforms, rise in end
Mortgage transactions in Dubai recorded a 91 per cent increase between second half of 2020 and first half of 2021,…
Abu Dhabi reduces business setup fees by 94% from current rates – media office
Abu Dhabi will reduce business setup fees to 1,000 dirham ($272.27), a 94% reduction from current rates, effective from July…
Middle East businesses more resilient than global counterparts
Businesses in the Middle East appear more resilient than their global counterparts along several crisis-response metrics – according to a…
US consultancy The Carnrite Group launches in Middle East
American management consultancy The Carnite Group has launched an office in the United Arab Emirates, its third office globally. …
QINVEST's Board of Directors appoints new Co-CEOs
QINVEST has announced that its board of directors have appointed Mr. Hussain Abdulla and Mr. Hussein Fakhreddine as new Co-CEOs…
CBUAE issues new guidance on financial institutions' implementation of targeted financial sanctions
The Central Bank of the UAE has issued a new Guidance on anti-money laundering and combatting the financing of terrorism…