Department of Finance

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

  • Dubai, UAE -- Dubai Taxi Company Monday announced its intention to proceed with an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, the company said that 624.750 million shares, each with a nominal value of...

  • Dubai Government reduces public debt by US$7.8bn

    DUBAI, UAE - The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a reduction of approximately US$7.8 billion (AED29 billion) in Dubai's public debt by the end of this year. The achievement has been realized within a year and a half since the...

  • 12 Ajman banks sign pact with Department of Finance for easy payment plan

    The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows installment payments for government service fees to be made through the "Ajman Pay" platform when paid using any credit cards of these banks. The participating banks include First Abu Dhabi...

  • Dubai announces projects worth $6.8 billion

    They include urban development, health, and transport projects.

  • Dubai repays $500-million government bond certificates with interest

    The government said the Fixed Rate Note was issued on June 22 in 2011, and reached maturity on the same date this year Issued under the Euro Medium Term Note Program, all the notes have been redeemed after they matured   The government of Dubai has announced that it has...