Gulf issuers of overseas bonds, kept on the sidelines by volatile markets, may revive their issue plans after Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, completed a $1 billion sukuk issue.
Dubai Islamic Bank (DIB) and Sharjah-based Air Arabia have signed a $230 million aircraft financing deal to facilitate the delivery of six new Airbus A320 aircraft in 2015.
The signing ceremony was held in the DIB head office in the pre
Dubai Smart Government (DSG) has announced the successful activation of electronic linkage between its Government Resources Planning (GRP) Systems and Dubai Islamic Bank (DIB).
This initiative is in line with DSG’s strategy
Dubai Islamic Bank has completed the acquisition of a 24.9 per cent stake in Bank Panin Syariah and will now seek regulatory approval to increase its holding in the Indonesian lender to 40 per cent, it said on Monday.
Dubai Islamic Bank's (DIB) net profit for the first quarter doubled, it said on Thursday, as the booming local economy boosted revenue and cut bad debts.
The result is consistent with the trend of rising profits for United Ara
Dubai Islamic Bank (DIB) has appointed Abdulla Al Hamli as the managing director and a board member for the bank, and Dr Adnan Chilwan as the chief executive officer.
Mohammed Ibrahim Al Shaibani, director-general of The Ruler&rsq
Sharia-compliant mortgage lender Tamweel said on Monday its shareholders had approved the company's delisting from the Dubai stock exchange, paving the way for its acquisition by Dubai Islamic Bank.
Dubai Islamic Bank said in
Dubai Islamic Bank Group (DIB) has announced that its long term issuer ratings have been affirmed by Moody’s at Baa1.
The bank ratings, put on a review late last year when Moody’s took action on all major Dubai-based b
Dubai Islamic Bank Group (DIB) said it has registered strong growth across all areas during the first half with a 17 per cent jump in its net profit which hit Dh301.7 million, compared to Dh258.5 million last year.
The Islamic len
Dubai Islamic Bank (DIB) recently launched a mentoring programme for new employees, through which senior DIB executives will mentor new staff to facilitate the exchange of knowledge throughout the bank.
In the mentoring programme, senior D