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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
ADIB reports bumper 2023 earnings
ADIB's bottom line rose by 45%, while its top line reached AED 9.3 bn
UBP Middle East has a new CEO + Sharjah Government appoints new dep’t heads
UBP appointed Mohamed Shoukry as its CEO, succeeding Mohamed Hamed Abdellatif
Emirates NBD has escrow services for real estate developers
The agreement will allow the bank to offer escrow services in Ras Al Khaimah as an account trustee
ADCB to set up shop in KSA + Dubai billboards for Saudi-Emirati JV
The JV is owned by Saudi’s Al Arabia Out of Home Advertising, Mawaqie, and an undisclosed Emirati company
Emirates NBD Capital appointed bookrunner for QIIB + advising on Fourth Mill IPO
Emirates NBD Capital joins Al Rayan Investment, Dukhan Bank, KFH Capital, and QNB Capital
First Abu Dhabi Bank takes USD 700 mn sukuk to market, the first sukuk of 2024
The Shariah-compliant bonds are the first globally in 2024 and mark the region’s first non-sovereign issuance for the year
DIB appoints new treasury chief
Saeed Wajidi succeeds Muhammad Saleem, who served in the position since 2006
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