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          Dubai Islamic Bank

          Latest financial news on DIB, a public joint-stock company and bank that operates on Sharia principles

          Dar Takaful's shares closed 6.6% higher at 61 fils per share on the Dubai Financial Market on Sunday as it announced a Dh215m acquisition of two Noor Takaful business units. Christopher Pike / The National

          Dar Al Takaful to buy Noor Takaful for Dh215m

          MarketsJune 07, 2020
          Banks started to report their exposure to Phoenix Global, the Dubai-based trading arm of collapsed commodities broker Phoenix Commodities. The company claimed to be one of the largest rice distribution companies in the world, delivering close to 2 million metric tons of rice to its customers around the world each year. Bloomberg

          UAE banks report exposure to commodities broker in liquidation

          MarketsMay 12, 2020
          Kristo Kaarmann, founder and chief executive of TransferWise, said the UAE is one of the most important remittance markets in the world. Photo courtesy TransferWise

          Low-cost money transfer service TransferWise arrives in UAE

          MoneyApril 15, 2020
          Ambulances outside the NMC Speciality Hospital in Dubai. Parent company NMC Health was placed into administration in April following a petition by its biggest creditor, Abu Dhabi Commercial Bank. Bloomberg

          Chief restructuring officers appointed at NMC Health

          EconomyApril 15, 2020
          A logo sits on display outside the NMC Speciality Hospital, operated by NMC Health Plc, in Abu Dhabi, United Arab Emirates, on Sunday, March 1, 2020. Troubled NMC Health Plc, the largest private health-care provider in the United Arab Emirates, asked lenders for an informal standstill on its debt as Abu Dhabi weighs an injection of capital to safeguard the emirate’s reputation among global investors. Photographer: Christopher Pike/Bloomberg

          NMC Health, Finablr and UAE Exchange – who is owed what?

          MarketsApril 08, 2020
          A logo sits on display outside the NMC Speciality Hospital, operated by NMC Health Plc, in Abu Dhabi, United Arab Emirates, on Sunday, March 1, 2020. Troubled NMC Health Plc, the largest private health-care provider in the United Arab Emirates, asked lenders for an informal standstill on its debt as Abu Dhabi weighs an injection of capital to safeguard the emirate’s reputation among global investors. Photographer: Christopher Pike/Bloomberg

          UAE firms declare exposure to NMC Health

          MarketsApril 07, 2020
          The demise of NMC was sparked by US short seller Muddy Waters. Bloomberg

          UAE banks reveal exposure of Dh8bn to NMC Health

          BankingApril 06, 2020
          Citi and HSBC offices in London. The international banks have rolled out various measures to provide financial relief for UAE consumers affected by the Covid-19 outbreak. Peter Macdiarmid / Getty Images

          Are foreign banks in the UAE helping customers affected by Covid-19?

          MoneyMarch 30, 2020
          Emirates NBD and other Dubai lenders will help customers manage their finances during the coronavirus crisis and its economic impact. Satish Kumar / The National

          Coronavirus: Dubai banks roll out measures to support customers

          BankingMarch 22, 2020
          Dubai Islamic Bank shareholders approved a 35 per cent dividend payout alongside the increase in its foreign ownership limit. Image courtesy of Dubai Islamic Bank

          Dubai Islamic Bank shareholders approve lifting foreign ownership cap

          BankingMarch 16, 2020
          Bahrain-listed GFH FInancial Group on Wednesday reported a drop in its full year net profit. Shutterstock

          Bahrain’s UGH gets approval to acquire Bank of Baghdad stake

          BusinessJanuary 29, 2020
          Dubai Islamic Bank reported a 2 per cent year-on-year jump in its 2019 profit on Thursday. Bloomberg

          Dubai Islamic Bank completes acquisition of Noor Bank

          BusinessJanuary 23, 2020
          Nakheel’s chairman Ali Rashid Lootah moved to take up a new position in Dubai World. Pawan Singh / The National

          Nakheel restructures top management as chairman Ali Rashid Lootah moves to new role

          BusinessJanuary 21, 2020
          The board of MSM-listed Alizz Bank has approved the share swap ratio for its merger with Oman Arab Bank. Silvia Razgova / The National

          Oman Arab Bank's gets nod from Alizz board to proceed with merger

          BankingJanuary 19, 2020
          Dar Takaful's shares closed 6.6% higher at 61 fils per share on the Dubai Financial Market on Sunday as it announced a Dh215m acquisition of two Noor Takaful business units. Christopher Pike / The National

          Regional markets slump amid rising US-Iran tensions in the Middle East

          BusinessJanuary 08, 2020
          The MSM-listed Alizz banks says it has received a share swap offer from Oman Arab Bank. Silvia Razgova / The National

          Oman Arab Bank submits offer to take over Alizz Islamic Bank

          BankingDecember 31, 2019
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