Banking & Insurance

Dubai – Mubasher: Dubai Islamic Bank (DIB) has issued its $750 million inaugural sustainable Sukuk, which was announced last February, according to a press release. The issuance comes in line with DIB’s sustainable finance framework which aims to …

Abu Dhabi – Mubasher: Bank of Sharjah incurred net losses attributable to the shareholders worth AED 281.35 million in the first nine months (9M) of 2022, compared to AED 1.29 billion in 9M-21. The operating income plummeted to AED 459.73 million …

Abu Dhabi – Mubasher: United Arab Bank (UAB) generated AED 119.06 million net profits in the first nine months (9M) of 2022, an annual hike of 166% from AED 44.74 million. The total operating income amounted to AED 350.96 million in …

Cairo – Mubasher: The board of directors of Beltone Financial Holding approved obtaining a loan from UAE’s Chimera Investments, or one of its subsidiaries, at a value of EGP 1.34 billion.   The interest-free loan carries a maturity period of 12 …

Riyadh - Mubasher: The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, announced the signing of a $75 million Murabaha agreement in favor of Hartree Partners Power & Gas Company (UK) Limited, …

UAE – Mubasher: The UAE’s Federal Tax Authority (FTA) halted the eDirham system for paying tax on 30 October 2022, according to a press release. The authority pointed out that the eDirham system will be replaced with Magnati, a smart payments …

UAE – Mubasher: The fifth auction of the UAE’s treasury bonds (T-bond) programme received bids worth AED 7.57 billion and was oversubscribed five times. The fifth issue, which took place in late October, comes within the framework of the AED 9 …

Cairo – Mubasher: FABMISR, a subsidiary of the First Abu Dhabi Bank (FAB), announced the completion of the integration of Bank Audi Egypt with the successful migration of all banking relationships and services under the FABMISR umbrella. The new …

UAE – Mubasher: Abu Dhabi-based investment and holding firm ADQ invested $125 million in private equity firm Aliph Capital for the latter’s Aliph Fund I (LP), according to a press release. Aliph Fund I (LP) is a $250 million target private equity …

Dubai – Mubasher: Ajman Bank posted higher net profits at AED 112.61 million during the first nine months (9M) of 2022, compared to AED 90.13 million in 9M-21. The net operating income shrank to AED 442.65 million during 9M-22, versus AED 476.76 …

Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) logged net profits worth AED 230.68 million during the first nine months (9M) of 2022, an annual hike of 155.10% from AED 90.44 million. The operating income widened by 21.70% year-on-year …

Dubai – Mubasher: Emirates Islamic Bank posted a 31% hike in net profit to AED 1.05 billion during the first nine months (9M) of 2022, versus AED 804.23 million in the year-ago period. The earnings per share (EPS) stood at AED 0.19 during …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) generated AED 1.32 billion in net profit during the first nine months (9M) of 2022, up 25.80% year-on-year (YoY) from AED 1.05 billion. Meanwhile, the total operating income reached AED 2.71 …

Dubai – Mubasher: Emirates NBD logged net profits attributable to the shareholders worth AED 9.07 billion in the first nine months (9M) of 2022, an annual surge of 25% from AED 7.28 billion. Total operating income amounted to AED 22.69 billion in …

Dubai - Mubasher: Dubai Financial Market (DFM) welcomed Swissquote Bank Ltd, Switzerland’s leading online bank, an endeavour to allow its clients’ access to DFM-listed securities as of 25 October 2022. The move is part of DFM’s constant efforts to …

Abu Dhabi – Mubasher: Commercial Bank International (CBI) shifted to net profits attributable to the shareholders worth AED 67.20 million in the first nine months (9M) of 2022, versus losses of AED 42.97 million in 9M-21. In January-September …

Dubai - Mubasher: Mashreq Bank posted a hike in net profit attributable to the owners to AED 2.58 billion during the first nine months (9M) of 2022, versus AED 265.07 million in the year-ago period. During the January-September 2022 period, the …

Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) achieved a net profit attributable to the shareholders worth AED 10.94 billion in the first nine months (9M) of 2022, up 19% from AED 9.20 billion in 9M-21. FAB’s operating income amounted to AED …

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) registered net profits attributable to the equityholders worth AED 2.45 billion in the first nine months (9M) of 2022, an annual hike of 53% from AED 1.60 billion. The total assets increased to …

Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) generated AED 884.39 million in net profit attributable to the owners during the first nine months (9M) of 2022, compared to AED 532.47 million in 9M-21. The net interest income …

Dubai – Mubasher: Dubai Islamic Bank (DIB) has logged net profits attributable to the owners worth AED 4.04 billion in the first nine months (9M) of 2022, an annual surge of 34% from AED 3.05 billion. The total net income reached AED 9.87 billion …

UAE - Mubasher: Revenues at the federal level of the UAE government rose by 26% during 2021 to AED 463.90 billion, from AED 367.90 billion in 2020. Likewise, social contributions also grew by 5% to AED 13.50 billion in 2021, from AED 12.90 billion …

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB), listed on the Egyptian Exchange (EGX) as well, posted an annual hike of 22% in net profit attributable to the owners to AED 4.65 billion in the first nine months (9M) of 2022, compared to AED …