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1 December 10:20 AM UAE’s AMEA Power to deploy renewable energy projects in Egypt with $1.1bn investments
Cairo – Mubasher: Egypt’s Prime Minister, Mostafa Madbouly, has witnessed the signing ceremony of financial closure agreements between UAE’s AMEA Power and a number of international financing institutions at $1.10 billion. AMEA Power will …
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24 November 05:41 PM Al Salam Bank partners with Visa to enhance payment services
Mubasher: Bahrain-based Al Salam Bank, listed on Dubai Financial Market (DFM), signed an exclusive partnership agreement with Visa to provide advanced banking experience and varied payment methods for Visa cardholders, according to a press …
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23 November 05:41 PM DIB prices $750m from inaugural sustainable Sukuk
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 …
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17 November 12:32 PM Bank of Sharjah’s losses to equityholders fall to nearly AED 281.5m in 9M-22
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 …
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9 November 05:29 PM UAB posts AED 119m profits in 9M-22; accumulated losses unveiled
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 …
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8 November 11:17 AM Beltone's board approves EGP 1.34bn loan from UAE-based Chimera
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 …
CEO of APICORP, Khalid Ali Al-Ruwaigh
7 November 02:25 PM APICORP, Hartree ink $75m Islamic facility for voluntary carbon offsets
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, …
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2 November 01:46 PM UAE’s FTA suspends eDirham system for tax payment; FAB’s system announced
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 …
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2 November 01:41 PM UAE secures AED 7.57bn from 5th T-bonds auction
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 …
CEO and Managing Director of FABMISR, Mohamed Abbas Fayed
1 November 03:01 PM FABMISR successfully integrates all banking services with Bank Audi Egypt
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 …
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31 October 05:58 PM Aliph Capital secures $125m from ADQ
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 …
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31 October 12:43 PM Ajman Bank’s profits exceed AED 112.5m in 9M-22
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 …
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27 October 07:02 PM NBF’s profits leap to nearly AED 231m in 9M-22
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 …
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27 October 06:53 PM Emirates Islamic Bank posts 31% higher profits in 9M-22
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 …
27 October 06:30 PM CBD registers AED 1.32bn in 9M-22 profits
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 …
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27 October 06:21 PM Emirates NBD’s profits hike to over AED 9bn in 9M-22
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 …
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27 October 10:10 AM DFM welcomes Switzerland’s leading online bank “Swissquote”
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 …
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26 October 03:04 PM CBI turns profitable at AED 67m to equityholders in 9M-22 results
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 …
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26 October 01:48 PM Mashreq Bank's profits exceed AED 2.5bn in 9M-22
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 …
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26 October 12:56 PM FAB logs nearly AED 10.95bn profits to owners in 9M-22
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 …
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26 October 11:48 AM ADIB’s profits hit AED 2.45bn in 9M-22
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 …
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25 October 06:03 PM RAKBANK registers AED 885m profits in 9M-22
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 …
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25 October 04:46 PM DIB’s profits exceed AED 4bn in 9M-22
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 …
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25 October 04:00 PM UAE government's revenues grow 26% in 2021
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 …
ADCB Head Office
24 October 06:02 PM ADCB posts 22% higher profits in 9M-22
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 …