The UAE Banks Federation has announced its firm support for the successful implementation of the UAE’s m-Government initiative, announced earlier this year by His Highness Shaikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai. The UAE Banks Federation (UBF) has formed a committee comprising representatives of Abu Dhabi Commercial Bank, Mashreq Bank, Abu Dhabi Islamic Bank, Emirates NBD, National Bank of […]
DUBAI, Aug 7 (Reuters) – Two Gulf Arab borrowers have attracted heavy investor demand for international bond sales in the past two weeks, but higher yield premiums are prompting many other potential issuers in the region to seek alternative funding sources. U.S. dollar bond issuance in the Gulf, conventional and sukuk, stands at about $17.3 billion year-to-date, up from $11.4 billion in the same period a year […]
Dubai-based investment bank Shuaa Capital has swung to a Dhs1.3m second-quarter net profit, compared with a Dhs15.9m net loss in the same quarter a year earlier, Gulf News has reported. This is Shuaa’s first quarterly profit in almost two years, as the company’s asset management and investment banking divisions boosted revenue. Revenue surged 95% year-on-year to Dhs43.4m in the quarter ended June, from Dhs22.2m in the same […]
By K. Raveendran | Special to Gulf News | 3/3/2006 According to WorldClimate, a portal that provides worldwide weather data over long periods of time, Singapore receives an average annual rainfall of about 240 cm and London some 61 cm per year. Compared to this, Dubai gets an average rainfall of only 10 cm for a full year. So, one might assume that buildings in Singapore and […]
K. Raveendran, Special to Gulf News When Dubai Islamic Bank announced the launch of its first property development in Dubai Marina in January last year, there was only a hint that the world’s first Islamic bank might be looking at the emirate’s booming real estate sector somewhat more seriously than the rest of the banks. But in less than a couple of years, DIB has emerged as […]
