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DIB gets a new chairman and Modon’s MD steps back
Dubai Islamic Bank tapped Fadhel Abdulbaqi Al Ali as chairman
Dubai Islamic Bank opens new funding channel with first-ever syndicated Islamic facility
It’s the lender’s second debt market outing this year — and its first time in the syndicated loan market
CBUAE gives green light to Checkout.com and Yalla Financial Solutions + DIB launches Jaywan card
Checkout.com secured a stored value facilities license, while Yalla received in-principle approval for a retail payments service Category II license
Dubai Islamic Bank’s profit barely moved in 2Q — even as revenue jumped 5%
Impairment charges nearly doubled as the war left its mark on the balance sheet
THIS MORNING: DP World eyes a return to the US + Dubai Islamic Bank taps debt markets again
Plus: Int’l neobank Revolut has cleared the last formal hurdle before a UAE customer launch
THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year
Plus: ADX and DFM-listed firms brought in USD 17.4 bn in 1Q
Mashreq, DIB, and EDB pledge AED 18 bn in financing for manufacturers
Mashreq is weaving green and sustainability-linked loans into the mandate, banking on appetite for green financing as energy input diversification…
Earnings in from NMDC, Aldar, e&, NCTH, DIB
The fallout from the war is continuing to trickle through
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