Sales

Emirates NBD’s 2022 net profit reaches AED 13 billion

DUBAI, Emirates NBD, a leading bank in the region, announced that its profits rose 40% to AED 13 billion in 2022, driven by strong regional economic growth and the success of its diversified business model. The bank’s Q4 profit was particularly strong,…

Sales

DLD issues 9,047 permits, 6,479 licences

DUBAI, The Dubai Land Department issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6% and 53% respectively from 2021, according to statistics released by the Department.The high growth in permits and lic…

Sales

Emirates Islamic net profit rises 51% to AED1.24bn in 2022

DUBAI, Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The bank’s strong performance was driven by higher funded and non-funded income, coupled with a reduction in cost of risk. The bank also r…

Sales

Moody’s upgrades DP World’s credit rating

DUBAI, Moody’s has upgraded DP World’s ratings, signaling confidence in the company’s business and future prospects. The upgrade follows two major investments in 2022 at DP World’s flagship UAE assets: Jebel Ali Port, Jebel Ali Free Zone, and National …