The total value of net interests was Dhs4.88 billion in the second quarter against Dhs3.956 billion in the corresponding quarter of 2019. WAM
The 10-year swap rate on the Dirham has steadied at 1.6 per cent by the end of H1-2020, only rising to 1.9 per cent during the first week of June before falling against to 1.6 per cent by the end of the month, according to the figures of the Central Bank of the United Arab Emirates.
The Abu Dhabi Commercial Bank (ADCB) on Sunday reported its financial results for 2020 and the fourth quarter of the same year. According to the result, the bank posted Dhs1.007 billion net profit in the fourth quarter of 2020
Commenting on her win, Lisa said: “I started banking with Emirates Islamic around five years back and started saving with Kunooz about two years ago with the hope that my dreams will come true one day. I can’t thank Emirates Islamic enough for giving me this wonderful opportunity to achieve all my goals.”
The UAE GDP is expected to grow by 2.4 per cent in 2021 and 3.8 per cent in 2022 while the non-oil GDP to expand by around 4 per cent in both years, according to the Financial Stability Report (FSR) released by the Central Bank of the UAE (CBUAE) on Thursday.
The real estate sector in Dubai showed a continuous flow of real estate investments in May 2021, recording 5,359 investments worth over Dhs11 billion. In addition, 11,387 new investors entered the market,
European and US stocks pulled in different directions on Thursday as traders digested the Federal Reserve bringing forward its forecasts for hiking interest rates to prevent the US economy from overheating.