Dubai / WAM Mashreq, a leading financial institution in the Middle East and North Africa, reported its financial results for the year ending December 31, 2022. The bank’s operating profit was AED4.4 billion, a 39.2% increase compared to the previous fiscal year, with a net profit of AED3.7 billion ($1 billion). Mashreq had a growth of 12.1% year-to-date in …

  Dubai / WAM Dubai is set to host the 22nd edition of the Airport Show on May 9-11, where key global airport industry players will showcase their energised enthusiasm at the trend-setting event, with three exhibitions and two conferences over three days on its sidelines. To be held under the continued patronage of HH Sheikh Ahmed bin Saeed Al …

Abu Dhabi / Agencies Abu Dhabi Islamic Bank (Adib) announced a net profit of AED3.62 billion in 2022, a 55% increase from the previous year. The bank also reported a 60% growth in Q4 2022 with a net profit of AED1.2 billion, compared to AED728 million in Q4 2021. Adib’s revenue increased by 23% to AED6,835 million in 2022, driven …