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Infrastructure 
Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q
The lender’s topline rose 26% y-o-y to AED 5.6 bn
Seven Emirati banks feature in Forbes Middle East’s 30 most valuable banks in MENA list
The aggregate market value of the Emirati banks on the list is USD 128.7 bn
NMC, Dubai Islamic Bank bury the hatchet
DIB to own NMC’s new holding company
Sharjah narrows price guidance for USD 750 mn bond issuance
The price guidance was tightened from an initial
Binghatti launches debut sukuk + DIB kicks off five-year sustainable sukuk issuance
The sukuk received USD 621 mn in orders
DIB gears up for 5-year sustainable sukuk issuance with investor meetings
The investor meetings are set to take place today
DIB’s net income rises 26% to AED 7 bn in 2023
The largest Islamic bank in the UAE’s total income stood at AED 20 bn during the year, up 43% y-o-y
Deyaar Development’s 2023 net income rises 206% y-o-y
The real estate developer and service provider’s total revenue reached AED 1.3 bn in 2023, up 56% y-o-y
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