FeaturedMarketsUAE retail giant Lulu sets IPO price range amid Vietnam expansion prospectsIFM CorrespondentOctober 29, 2024October 29, 2024 by IFM CorrespondentOctober 29, 2024October 29, 2024 Lulu, as of October 2024, has an extensive supermarket chain network in over 23 countries, including the Middle East, Asia, and Europe... Read more
FeaturedIslamic BankingDubai Islamic Bank to increase foreign ownership limit from 25% to 40%Pritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes... Read more
BankingFeaturedDIB becomes world’s largest Islamic bank with Noor Bank acquisitionInternational FinanceJanuary 23, 2020March 18, 2020 by International FinanceJanuary 23, 2020March 18, 2020 DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE... Read more
Banking and FinanceUAE loans and deposits growth slows down in AugustInternational Finance DeskOctober 3, 2019 by International Finance DeskOctober 3, 2019 Credit growth in government and GRE segment rises due to an increase in investment activities... Read more
BankingUAE’s ADCB sells Indian portfolio to focus on home marketInternational Finance DeskSeptember 11, 2019December 16, 2019 by International Finance DeskSeptember 11, 2019December 16, 2019 The portfolio which includes Dh355 mn in assets and Dh601 mn in liabilities will be acquired by DCB Bank... Read more
BankingMagazineNovember - December 2018UAE banks merger: What does this mean for the sector?International FinanceNovember 15, 2018December 12, 2019 by International FinanceNovember 15, 2018December 12, 2019 Three of UAE’s top banks are in talks to merge together to form an enterprise that will become one of the biggest lenders in the MENA region, leading to a credit positive industry... Read more