BASED ON PRESS RELEASE : BY SALAM_BAH ON NOV 06, 2023 Al Salam Bank Receives Prestigious Awards at 2023 Global Islamic Finance Awards Manama, Bahrain – November 5, 2023 – Al Salam Bank has been honored with two prestigious awards at the 2023 Global Islamic Finance Awards: “Best Islamic Brand 2023” and the “GIFA Excellence…
Dubai Islamic Bank Reports Strong Financial Performance in Q3 2023 Dubai, October 31, 2023 – Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, has announced its financial results for the period ending September 30, 2023. The bank has demonstrated robust growth across various key indicators, showcasing its resilience and strategic positioning…
PRESS RELEASE : MAADEN 31/10/2023 lement List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change Sales/Revenue 6,225,998,107 10,014,421,018 -37.83 6,966,269,838 -10.63 Gross Profit (Loss) 928,985,350 3,573,827,596 -74 1,615,854,461 -42.51 Operational Profit (Loss) 211,994,546 2,953,747,043 -92.82 843,393,595 -74.86 Net Profit (Loss) after Zakat and Tax -83,435,885 2,102,534,770 – 350,941,901 – Total Comprehensive…
BASED ON PRESS RELEASE: BY CHAE ON NOV 01, 2023 FUND OVERVIEW Chimera S&P UAE UCITS ETF – Accumulating (CHAE) Investment Objective:CHAE is an exchange-traded fund designed to closely track the performance of the S&P UAE BMI Liquid Capped 20/35 Index. It provides investors with exposure to the United Arab Emirates equity markets, allowing for…
Taaleem Holdings PJSC held its Annual General Assembly on Tuesday, October 31, 2023, at 4 pm, both physically at the Conference Hall on the 13th floor of the Dubai Chambers of Commerce and electronically. The assembly resolved the following:
Press Release: DEWA Announces Payment of H1 2023 Dividend Dubai Electricity and Water Authority PJSC (DEWA), listed on the Dubai Financial Market (DFM), has announced the payment of a dividend of AED 3.1 billion, equivalent to 6.2 fils per share, for the first half of 2023. This dividend payment is based on a record date…
Market Update: Key Developments in the UAE Stock Market 1. Weekly Performance Recap:The Abu Dhabi Securities Exchange (ADX) experienced a slight decline of 0.4% last week, as investors exercised caution amidst heightened regional tension. However, some stocks, including Burjeel, Palm Sports, CBI, Sharjah Cement, and ESG, demonstrated strong performance. 2. Financial Highlights: 3. Market Movements…
PRESS RELEASE : BY DSI ON NOV 01, 2023 Dubai, UAE, November 1, 2023: Drake & Scull International PJSC (DSI), a prominent player in the integrated design, engineering, and construction sectors, particularly in Mechanical, Electrical, and Plumbing (MEP), Water and Power, and Oil and Gas, has announced significant developments regarding the restructuring of the Company…
PRESS RELEASE: Dubai, 26 October 2023 Emirates Islamic Records Remarkable Growth in 2023 Emirates Islamic, a leading Islamic bank in the UAE, has reported its highest-ever 9-month profit, achieving a remarkable surge of 56% to AED 1.65 billion during the first nine months of 2023. This exceptional performance was driven by increased funded and non-funded…
PRESS RELEASE : OCT 30, 2023 08:55:03 PM Dubai Financial Market Reports Strong Performance in First Nine Months of 2023 Dubai, October 30, 2023 – The Dubai Financial Market (DFM) has released its consolidated financial results for the period ending September 30, 2023, showcasing robust performance and substantial growth across various metrics. Key highlights include…