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Dubai realty transactions reach AED58 billion in Q1

DUBAI / WAM The Dubai Land Department (DLD) revealed that real estate transactions in Dubai for the first three months of 2018 totalled AED58 billion through 13,759 sales. Commenting on the announcement, Sultan Butti bin Mejren, Director-General of DLD, said, “The Dubai real estate market continues to show continuous growth, driven by general optimism and confidence in the real estate ...

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Deyaar revenues, profit up 25%

DUBAI / WAM Deyaar on Saturday announced its preliminary unaudited financial results for the first quarter of 2018, ending on March 31, 2018. Deyaar reported a year-on-year increase in revenues by nearly 25 percent to over AED176 million for the first quarter of 2018, compared to AED142 million last year. Deyaar reported a healthy rise in net profit by more ...

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Sharjah Islamic Bank receives ISO certification

SHARJAH / WAM Sharjah Islamic Bank (SIB) has been awarded the ISO 27001 Certification, and is among few in the region to have been given this accolade. ISO 27001 is a globally recognised standard for “Information Security Management System” and provides the accreditation on SIB’s security practices to customers, regulators, partners and other stakeholders and ensures that SIB is aligned ...

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