The lender also recorded 13 per cent increase in total assets as it amounted to Dh498 billion as at December 31, 2022 while total customer deposits rose 17 per cent to Dh309 billion
The lender also recorded 13 per cent increase in total assets as it amounted to Dh498 billion as at December 31, 2022 while total customer deposits rose 17 per cent to Dh309 billion
Consumer spending has remained strong throughout the pandemic period despite volatile global macro-economic environment and similar trend is expected to continue this year
The Abu Dhabi-based Islamic lender also reported the highest quarterly net profit of Dh1.2 billion in fourth quarter of 2022 versus Dh728 million in the same quarter of 2021, marking a 60 per cent growth versus the same period last year
The Abu Dhabi-based group subscribed to 16 per cent of Adani Enterprises $2.5 billion further public offering (FPO); The company will continue to explore business opportunities in Europe, Africa, Asia, and South America in 2023
The currency will remain under pressure ahead of IMF team visit to Islamabad to complete 9th review of $6 billion programme
Fujairah lender’s net profit recorded 195.3 per cent year-on-year growth at Dh340.4 million last year due to a solid turnaround supported by robust capital adequacy and sound improvement in asset quality
To support SMEs, there will be a zero per cent tax rate for taxable profits up to Dh375,000. The zero per cent threshold has been included in recognition of the vital role of start-ups and SMEs in the UAE’s economy, according to the spokesperson of Ministry of Finance
Aldar and Diamond Developers record over Dh1 billion in sales demonstrating high demand for sustainability-centric developments
The early registration period is available through the EmaraTax platform from January 2023 to May 2023 for certain categories of companies operating in the Emirates
A total of 350 real estate projects are currently being developed in the emirate and attract high net worth individuals and millionaires for investment in one of the growing economic sectors of the emirate