Dubai / Reuters Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 26 percent increase in third-quarter net profit on Wednesday as higher income from Islamic financing and investing offset a rise in impairment charges. The bank made AED1.11 billion ($302.2 million) in the three months to September 30, it said in a statement. This compares …

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and YES BANK have signed a Memorandum of Understanding (MoU), to further foster cross-border exchange between the FinTech (Financial technology) ecosystems of the UAE and India. The collaboration will enable fintech innovators from the Middle East region and India to apply into YES FinTech …

Dubai / Emirates Business Revenues for properties listed on the online marketplace and hospitality platform, Airbnb, in Dubai during August 2015 and August 2017 increased by 421 percent to top $3.3million in August 2017, with listings nearly tripling to 3,249. The relaxation of rules, effectively making it possible for home owners and tenants to cut out the middleman and list …