Recent Posts

UAE, DR Congo discuss organising gold trade

  ABU DHABI / WAM The Executive Office of the Committee for Goods and Materials Subject to Import and Export Control and the Federal Authority for Identity, Citizenship, Customs and Ports Security held virtual discussions with officials from the Democratic Republic of the Congo on the need to enhance cooperation between both countries on organising gold trade according to leading ...

Read More »

CBD, Postpay ink strategic deal

  Dubai / WAM Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later (BPNL) provider in the Middle East. The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking, Debt Funding and E-Commerce solutions allowing Postpay to focus on growth and support to ...

Read More »

Adib’s net profit rises 45% to AED2.33 billion in 2021

  Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib) reported a year-on-year growth in net profit of 45% for the full year 2021 to AED2,330 million from AED1,604 million in 2020, resulting from solid top-line growth, continued optimisation of the cost base and lower impairments. Revenue for 2021 improved 4% to AED5,560 million compared to AED5,358 million last year. ...

Read More »
Send this to a friend