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Banks post strong 1Q 2024 results
Deutsche Bank beat analyst expectations, while Barclays turned to the black
Commercial Bank of Dubai, ADIB, and Palm Sports report 1Q results
We have a (small) handful of earnings this morning, including the Commercial Bank of Dubai, Abu Dhabi Islamic Bank, and…
Open finance gets some love from the CBUAE
PLUS: Bangkok’s Absolute Hotel Services Group will sign and operate AHS-branded properties in the region
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
Dar Global + Aston Martin to create USD 250 mn luxury residence in Ras Al Khaimah
PLUS: Empower connects Al Wasl skyscraper to its network
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
Credit demand + appetite is on the up
The Central Bank’s report forecasts positive credit sentiments across households and corporates
It’s going to get worse before it gets better for GCC banks with Turkish subsidiaries
Emirates NBD’s risk-weighted assets fell by some 60-70 bps
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