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Emirates NBD assets top AED1 trillion milestoneEmirates NBD’s profit before tax rose 56% to AED7.8 billion ($2.12 billion) as strong lending momentum, an improvement in deposit mix and new products drove an 11% year-on-year increase in income. The balance sheet surpassed the AED1 trillion miles More… |
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Islamic finance sector resilient amid upcoming headwinds: S&PStrong banking and sukuk industry performance led to 10.6% growth for the global Islamic finance industry in 2024, with total sukuk outstanding surpassing $1 trillion for the first time, according to S&P Global Ratings. In 2025, amid increased uncertainty, More… |
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Gulf Capital exits Kuiper Group via sale to India’s Asian Energy ServicesGulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, has announced its full exit from Kuiper Group, in a strategic sale transaction to India-based Asian Energy Services. The transaction comes on the heels of the pre More… |
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UAE's foreign trade surges 49pc to $1.4 trillion in 2024The UAE had recorded total foreign trade of AED5.23 trillion ($1.424 trillion) in 2024, thus posting a 49% increase from AED3.5 trillion ($949 billion) in 2021, according to the World Trade Organisation’s “World Trade Outlook and Statistics” report. More… |
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CBB announces new executive management appointmentsThe Central Bank of Bahrain (CBB) has announced several new appointments to its executive management team as part of its new organizational structure with Yousif Rashid Al Fadhel taking over as Advisor to the CBB Governor. Effective May 1, the executive manage More… |
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US tariffs threaten $22bn in Arab non-oil exports, says ESCWAA dramatic escalation in trade protectionism by the US is significantly impacting Arab economies, placing $22 billion in non-oil exports at risk, according to a policy brief issued today (April 19) by the United Nations Economic and Social Commission for Western Asia (ESCWA). &nb More… |
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GCC fixed income market sees $51.5bn in primary issuances in Q1The primary debt issuances of bonds and sukuk in the GCC countries amounted to $51.51 billion through 125 issuances during the first quarter of 2025, down 7.1% from the same quarter last year, where issuances in Q1 2024 stood at $55.5 billion, according to Kuwait Financial Centre (Markaz). More… |
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BHM Capital named liquidity provider for Alpha Data sharesBHM Capital Financial Services has announced that it haas been appointed as the liquidity provider for Alpha Data shares listed on the Abu Dhabi Securities Exchange (ADX). A leading private joint stock company listed in the Dubai Financial Market (DFM) a More… |
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EquipmentsFinder signs up for Project Iraq 2025EquipmentsFinder.com, a digital platform for construction machinery and equipment solutions in the Middle East, has announced its official media partnership with Project Iraq 2025. One of the region’s largest construction exhibitions, the event wil More… |
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Dubai Investments to distribute $208m cash dividends for FY 2024Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), has announced the distribution of 18% cash dividends amounting to AED765.36 million ($208.3 million) for the financial year ended December 31, 2024. More… |
