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UAE property loans improving

  DUBAI / Reuters The quality of real estate loans in the United Arab Emirates has continued to improve despite sliding home prices, the International Monetary Fund said, in a sign that the UAE is coping better with a real estate downturn than it did in the last slump seven years ago. The quality of loans to households – a ...

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Empower to participate in WETEX ’16 in Dubai

  DUBAI / WAM As part of its pioneering role in energy, environment and district cooling, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, will participate in the Water, Energy, Technology, and Environment Exhibition (WETEX 2016). To be organised by DEWA under the directives of Vice President and Prime Minister of and Ruler of Dubai, ...

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Dubai Islamic nets AED2,004mn H1 profit

  Dubai / Emirates Business Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, on Wednesday announced its 1st half results for the period ended June 30, 2016. Figures released on Wednesday show that Group net profit increased to AED 2,004 million, up 11% compared with AED ...

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