Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn
From everyday wear to an alternative asset class, we look at the transformation of sneakers
Agthia Group’s total assets stood at Dhs6.8bn as at December 31, 2022
The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year
The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils
The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn
The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021
The lender’s operating income increased 24 per cent to reach $9.6bn
The group’s total assets stood at Dhs6.6bn as of September 30, 2022
Cryptocurrencies, like other riskier investments, have been suffering in a tighter-monetary-policy environment
The lender posted total income of Dhs22.7bn, rising 31 per cent year-on-year
The lender posted an operating profit of Dhs932.5m for the first nine months of the year, marking a 25.1 per cent rise compared to the previous year
The bank posted a 10 per cent rise in net interest income, totalling Dhs7.275bn
The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter
The new private bank will cater to the needs of clients with investable assets of over $2m
West Texas Intermediate was steady below $77 a barrel after sinking more than 8 per cent over the previous two sessions
The largest digital token has shed more than 6 per cent so far this week
Central banks globally are set to keep raising interest rates to fight inflation, weighing on non-yielding assets like gold
The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets
Bitcoin has been sinking along with riskier assets in recent months
The new contracts mark the second derivatives product to be introduced in the exchange
Speaking to Gulf Business, Rob Ansari, head of investments and retirement – India, Middle East, Turkey and Africa at Mercer, shares insights on evolving market trends and the way forward
The Montreal-based pension manager will take a 22 per cent stake in DP World’s Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park
The bank’s total income reached Dhs3.01bn, recording growth of 6 per cent year-on-year compared to Dhs2.84bn achieved in Q1 2021
The country posted a budget surplus of $545m in the first two months of this year
Total income increased 3 per cent year-on-year to Dhs6.4bn
The coin has added 15 per cent over the past week
Bitcoin is well above its 50-day moving average, which currently sits around $41,085
Regional and global M&A activity witnessed strong growth last year
The government will still be the largest shareholder in Aramco