Company Insights Dubai Islamic Bank Banking and Finance Dubai Islamic Bank News Banking and Finance UAE tops international ranking for green finance commitment The UAE has been recognised for its commitment to financing a green and sustainable future. The Gulf state recorded the highest scores among several key markets in the Financial Services: State of the Nation Survey 2022, which spoke to 758 managers at financial institutions and banks across France, Germany, Hong Kong, Singapore, the UK, the […] January 25, 2023 Banking and Finance Dubai Islamic Bank’s profit rises 26% to $1.5bn in 2022 Dubai Islamic Bank’s (DIB) net profit rose 26 percent year-on-year to AED5.55 billion ($1.51 billion) in 2022 due to higher revenue, prudent cost management and sustained lower impairments. Chairman Mohammed Ibrahim Al Shaibani revealed that DIB achieved its strongest year in its history as total income reached AED14 billion, a 20 percent YoY growth and […] January 25, 2023 Construction Nakheel sold 29 homes on stalled Palm Jebel Ali, official data shows Palm Jebel Ali, the Dubai mega project set to be relaunched soon by developer Nakheel, sold a total of 29 homes before work on the project was halted in 2009. State-owned developer Nakheel has confirmed it was set to relaunch the manmade, palm-shaped, island project, which is said to be one-and-a-half times the size of […] September 28, 2022 EXCLUSIVE Construction Nakheel confirms relaunch of Palm Jebel Ali Dubai state-owned developer Nakheel has confirmed it is planning to relaunch the Palm Jebel Ali master project, as it looked to take advantage of record demand for real estate in the emirate. Palm Jebel Ali is one of a series of manmade, palm-shaped island projects off the coast of Dubai. Launched in 2002, it stalled […] September 28, 2022 Real Estate Dubai real estate trust eyes Saudi after $400m refinancing Equitativa, the manager of Emirates REIT real estate investment trust, is looking to expand beyond Dubai once it concludes the refinancing of its $400 million sukuk within the next two months. The firm is also keen to launch new real estate trusts outside the UAE, in Saudi Arabia and Africa. Founded in 2010, the Emirates […] September 7, 2022 UAE health firm Burjeel plans Saudi expansion as IPO nears UAE healthcare provider Burjeel Holdings, established under VPS Healthcare, on Wednesday announced plans to expand into Saudi Arabia ahead of its initial public offering (IPO) later this year. The company, which owns and operates hospitals and other healthcare facilities, will invest up to $1 billion in the Kingdom by 2030 as part of a memorandum […] August 25, 2022 Real Estate Dubai’s Nakheel plans to raise $4.6bn loan to refinance debt Dubai state developer Nakheel plans to raise a loan of about AED 17 billion ($4.6 billion) to refinance existing debt, Bloomberg reported, citing people familiar with the matter. The company is seeking financing from a group of lenders, including Dubai Islamic Bank, Emirates NBD and Mashreqbank. The banks arranging the loan are also asking global […] August 14, 2022 Markets UAE stock markets target London in foreign investment push Stock markets in Dubai and Abu Dhabi are targeting London as they aim to strengthen their status as key destinations for international investors. Both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) have completed investor roadshows in the British capital, holding hundreds of meetings with some of the world’s largest asset […] June 14, 2022 Analysis Banking and Finance NMC scandal is watershed moment for UAE businesses Revelations about the scale of hidden debts spark debate in the UAE about the need for more rigorous bank loan checks and company auditing The ongoing legal battles surrounding the NMC Healthcare, the largest private healthcare provider in the United Arab Emirates (UAE), has been a big learning curve for how businesses manage their financial […] May 19, 2022 Posts navigation Previous 1 … 5 6
Banking and Finance UAE tops international ranking for green finance commitment The UAE has been recognised for its commitment to financing a green and sustainable future. The Gulf state recorded the highest scores among several key markets in the Financial Services: State of the Nation Survey 2022, which spoke to 758 managers at financial institutions and banks across France, Germany, Hong Kong, Singapore, the UK, the […] January 25, 2023
Banking and Finance Dubai Islamic Bank’s profit rises 26% to $1.5bn in 2022 Dubai Islamic Bank’s (DIB) net profit rose 26 percent year-on-year to AED5.55 billion ($1.51 billion) in 2022 due to higher revenue, prudent cost management and sustained lower impairments. Chairman Mohammed Ibrahim Al Shaibani revealed that DIB achieved its strongest year in its history as total income reached AED14 billion, a 20 percent YoY growth and […] January 25, 2023
Construction Nakheel sold 29 homes on stalled Palm Jebel Ali, official data shows Palm Jebel Ali, the Dubai mega project set to be relaunched soon by developer Nakheel, sold a total of 29 homes before work on the project was halted in 2009. State-owned developer Nakheel has confirmed it was set to relaunch the manmade, palm-shaped, island project, which is said to be one-and-a-half times the size of […] September 28, 2022
EXCLUSIVE Construction Nakheel confirms relaunch of Palm Jebel Ali Dubai state-owned developer Nakheel has confirmed it is planning to relaunch the Palm Jebel Ali master project, as it looked to take advantage of record demand for real estate in the emirate. Palm Jebel Ali is one of a series of manmade, palm-shaped island projects off the coast of Dubai. Launched in 2002, it stalled […] September 28, 2022
Real Estate Dubai real estate trust eyes Saudi after $400m refinancing Equitativa, the manager of Emirates REIT real estate investment trust, is looking to expand beyond Dubai once it concludes the refinancing of its $400 million sukuk within the next two months. The firm is also keen to launch new real estate trusts outside the UAE, in Saudi Arabia and Africa. Founded in 2010, the Emirates […] September 7, 2022
UAE health firm Burjeel plans Saudi expansion as IPO nears UAE healthcare provider Burjeel Holdings, established under VPS Healthcare, on Wednesday announced plans to expand into Saudi Arabia ahead of its initial public offering (IPO) later this year. The company, which owns and operates hospitals and other healthcare facilities, will invest up to $1 billion in the Kingdom by 2030 as part of a memorandum […] August 25, 2022
Real Estate Dubai’s Nakheel plans to raise $4.6bn loan to refinance debt Dubai state developer Nakheel plans to raise a loan of about AED 17 billion ($4.6 billion) to refinance existing debt, Bloomberg reported, citing people familiar with the matter. The company is seeking financing from a group of lenders, including Dubai Islamic Bank, Emirates NBD and Mashreqbank. The banks arranging the loan are also asking global […] August 14, 2022
Markets UAE stock markets target London in foreign investment push Stock markets in Dubai and Abu Dhabi are targeting London as they aim to strengthen their status as key destinations for international investors. Both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) have completed investor roadshows in the British capital, holding hundreds of meetings with some of the world’s largest asset […] June 14, 2022
Analysis Banking and Finance NMC scandal is watershed moment for UAE businesses Revelations about the scale of hidden debts spark debate in the UAE about the need for more rigorous bank loan checks and company auditing The ongoing legal battles surrounding the NMC Healthcare, the largest private healthcare provider in the United Arab Emirates (UAE), has been a big learning curve for how businesses manage their financial […] May 19, 2022
