DFM made a net profit of Dhs82.8 million in the three months to September 30, compared with a net loss of Dhs1.7 million in the same period in 2012.
The study found that organisations are wasting time in delivering reports owing to a geographically diverse workforce.
The UAE central bank plans to restrict the amount of exposure banks can have to the debt of government-related entities.
With the number of UAE smartphone users on the rise, opportunities for mobile retail is growing.
Citigroup and Deutsche Bank are joint bookrunners for the offering.
Dubai’s exchanges have so far listed $12.5 billion of sukuk and the total is expected to reach $16 billion by year-end.
The UAE lender plans to set up eight banking hubs in major cities and five franchises in key markets.
The American bank is targeting clients looking for advice on complex transactions that require global expertise
UAE expats have one of the lowest levels of disposable income in the world despite higher salaries.
UAE bank predicts a boom in the retail sector next year through smart banking initiatives.
The UAE’s current foreign ownership limit of 49 per cent is satisfactory and there is an expectation that it will be relaxed in coming years.
The fund has a stake worth about $1 billion in Bank of America, while its Samsung stake is worth between $200-$300 million.
The lender reported profit of Dhs1.3 billion for the first three quarters compared to Dhs970 million in the same period last year.
Net profit for the first nine months of this year fell to Dhs1.44 billion from Dhs1.47 billion in the prior-year period.
A centralised approach to supervising Islamic finance is increasingly being adopted around the globe.
Luxury hotel chain has said the loan will help fuel further local and international expansion.
Dubai Holding was hit hard by Dubai’s property market crash and corporate debt troubles of 2008-2010.
The limits on foreign ownership of individual stocks have become obstacles to growth as the Gulf’s capital markets gradually become more international.
The new proposal is less than a fifth of the size of the original and is designed to boost London’s status rather than to diversify Britain’s investor base.
Third-quarter net profit at the lender fell eight per cent to Dhs1.04 billion from Dhs1.12 billion in the year-ago period.
The international body cautioned the UAE to be proactive in framing policies that would insulate the economy from major problems.
The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the profit gain to an increase in gains on investments
The lender aims for 20 per cent of its revenues to come from overseas markets in five years
The lender, majority-owned by Abu Dhabi’s ruling family, made a net profit of Dhs1.19 billion for the three months ended Sept. 30
Merkel was the only European politician to remain steadfast and outperform the global crisis, says Joe Hawa, chief market analyst, Alpari ME.
The International Monetary Fund has repeatedly warned against rising government spending in OPEC member Kuwait.
A Kuwaiti investment firm has already expressed interest in trading options.
The Middle East Banking Forum will be held on 26 November, and attract top tier representatives from regional and international lenders.
Khaled Kawan replaces Hassan Ali Juma, who retired from the bank in July
UAE Prime Minister Sheikh Mohammed said that half of the federal budget of Dhs46 billion will go for development and social benefits