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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

UAE banks’ total capital, reserves rise to US$118.5bn by April-end

In 2021, the UAE remained the leading Arab insurance market in terms of total subscribed premiums. (WAM)
  • National banks accounted for 86 percent of the total capital and reserves of banks operating in the UAE, which stood at US$102 billion by April-end.
  • Share of foreign banks in aggregate capital and reserves of banks operating in the UAE settled at 13.6 percent, reaching US$ 16 billion by April-end.

ABU DHABI, UAE – Aggregate capital and reserves of banks operating in the UAE rose by 10 percent year-on-year (YoY) to US$118.5 billion (AED435.3 billion) at the end of April 2023 from US$107 billion (AED395.9 billion) at the end of April 2022, according to the Central Bank of the UAE’s (CBUAE) monthly report.

The report,on the monetary, banking and financial developments, noted that national banks accounted for 86.4 percent of the total capital and reserves of banks operating in the UAE, which stood at US$102 billion (AED376.1 billion) at the end of April 2023 compared US$92.9 billion (AED341.5 billion) at the end of April 2022, a YoY growth of 10.1 percent.

Share of foreign banks in aggregate capital and reserves of banks operating in the UAE settled at 13.6 percent, reaching US$ 16 billion (AED59.2 billion) at the end of April 2023, a YoY increase of 8.8 percent compared with US$14.8 billion (AED54.4 billion) in April 2022.

At the end of last April, aggregate capital and reserves of banks operating in the emirates of Dubai and Abu Dhabi grew on a YoY basis of 11.4 percent and 9.9 percent to US$57 billion (AED210.3 billion) and US$52.3 billion (AED192.3 billion) respectively.

While aggregate capital and reserves of banks operating in other emirates stood at US$8.9 billion (AED32.7 billion), a YoY growth of 1.6 percent.