Posted on 25 October 2009
Total assets stand at AED 82.9 billion; deposits touch AED 66.1 billion
His Excellency Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank
Dubai Islamic Bank (DIB) announced today its financial results as of September 30, 2009, demonstrating its resilient operations and robust core business despite global challenges facing the financial services sector.
The bank reported a net profit of AED 1.12 billion for the first nine months of 2009, continuing the trend of positive performance in the year to date. In line with its long-term prudent and conservative approach, DIB has made impairment provisions of AED 403 million for the same period, impacting its net profitability. Read the full story
Posted on 11 October 2009
His Excellency Mr Sami Al Qamzi, Director General of the Dubai Department of Economic Development (DED), honoured the Dubai team involved in fulfilling the requirements of the ‘Doing Business 2010’ report of the International Finance Corporation and World Bank. The concerted efforts of various governmental organisations in the UAE have contributed to elevating the country’s position by 14 ranks to No 33 in the report. Read the full story
Posted on 10 August 2009
Mohamed Al Sari, Managing Director of GGICO
Gulf General Investment Company PSC (GGICO) announced net profit of AED 198 million for the 1st half of 2009, with revenues of AED 3.1 billion. Read the full story
Posted on 04 August 2009
‘REMNotes’ expected to deliver annual returns of 12 to 15 per cent by capitalising on strategically sourced undervalued properties
Amani Choudhry, CEO, Mayfair Wealth Management
Mayfair Wealth Management (MWM), one of the leading financial and investment advisory services providers based in the Cayman Islands, Read the full story
Posted on 25 July 2009
• Total assets stand at AED 87.8 billion
• Deposits touch AED 71.5 billion
His Excellency Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank
Dubai Islamic Bank (DIB) announced today its financial results for the first half of this financial year ending 30 June 2009, Read the full story
Posted on 19 July 2009
Shata: Financial position of Al-Khabeer Capital is stable despite the economic challenges
Ammar Ahmed Shata, the Executive Director of Al-Khabeer
Saudi companies have been less affected by the global financial crisis compared to their counterparts across the Gulf region, Read the full story
Posted on 12 July 2009
• IBQ recognised for strength of Tier 1 capital
• Underlines strong fundamentals of Qatari banking industry Read the full story
Posted on 30 June 2009
A large number of investors from the small and medium businesses sector have showed interest in leasing commercial space at the Entrepreneur Business Village, which announced special rates from June 28 to July 2, 2009.
Read the full story
Posted on 14 May 2008
Dubai Islamic Insurance and Re-insurance Company (Aman) achieved a profit of AED 6.05 Million for the first quarter of 2008 with a 33.7% increase in its profit compared to last year first quarter profit which was AED 4.52 Million.
Read the full story
Posted on 21 January 2008
Algeria, January 21st, 2008
AL Salam Bank Managing Director and Board Vice Chairman, Hussein Mohammed Al Meeza, has said that Islamic banks are witnessing rapid growth and attracting more patronage worldwide, particularly in the Islamic world. Read the full story
