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
BankingFeaturedEmirates NBD inks deal with DLD to offer trust account servicesInternational FinanceJanuary 20, 2020March 18, 2020 by International FinanceJanuary 20, 2020March 18, 2020 ENBD is the first UAE bank to team up with RERA after the new law in September 2019... Read more
BankingEmirates NBD to raise Dh6.45 bn from rights issuePritam BordoloiOctober 18, 2019 by Pritam BordoloiOctober 18, 2019 The bank plans to expand abroad and attract more foreign investments... Read more
BankingEmirates NBD’s Network stake sale to boost profitsInternational Finance DeskSeptember 12, 2019November 4, 2019 by International Finance DeskSeptember 12, 2019November 4, 2019 The bank will sell an additional 10.5 percent stake in Network International... Read more
Real EstateEmaar Properties to issue Islamic bonds; hires Standard CharteredInternational Finance DeskSeptember 4, 2019December 23, 2019 by International Finance DeskSeptember 4, 2019December 23, 2019 The bond issuance is a part of the company’s $2 bn debt raising programme... Read more
BankingEmirates NBD’s net profit reaches Dh7.48 bn as the bank grows globallyInternational Finance DeskJuly 18, 2019December 16, 2019 by International Finance DeskJuly 18, 2019December 16, 2019 The bank’s total net profit for the first six months increased 49 percent year-on-year... Read more
EconomyDubai’s non-oil segment notes an economic upturn, says Emirates NBDInternational Finance DeskMarch 12, 2018February 27, 2020 by International Finance DeskMarch 12, 2018February 27, 2020 Non-oil private sectors such as wholesale and retail have shown positive results in performance growth last month... Read more