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The Mohammed Bin Rashid Space Centre (MBRSC) has announced the details of the second mission of the UAE Astronaut Programme. The SpaceX Dragon spacecraft, named Endeavour, atop a Falcon 9 rocket, will carry the UAE astronaut and Mission Specialist Sult…

Dubai Gold and Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East, today announced its full-year market statistics for 2022, reporting a total of 8.239 million contracts with a total value of US$162.01…

Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength of their financial soundness, the advantages of their high liquidity, and the robust revenues brought on by the full recovery from the Covid-19 e…

Emirates NBD, a leading bank in the region, announced that its profits rose 40% to AED 13 billion in 2022, driven by strong regional economic growth and the success of its diversified business model. The bank’s Q4 profit was particularly strong, at AED…

Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The bank’s strong performance was driven by higher funded and non-funded income, coupled with a reduction in cost of risk. The bank also reported…

The investments of banks operating in the UAE exceeded AED511 billion at the end of November 2022, the highest level in 13 months, according to the latest statistics of the Central Bank of the UAE (CBUAE).The CBUAE’s statistics – in its banking indicat…

Sharjah Islamic Bank (SIB) continues to achieve sustainable growth, recorded an increase of 26.6 percent in the net profit reaching AED 650.9 million for the year ending 31st December, 2022, compared to AED 514.1 million in the same period of 2021.The …

The Business Bay area in Dubai recorded the highest number of real estate transactions last year, according to statistics from the Dubai Land Department (DLD). 10,853 transactions were recorded in the area, with other top locations including Dubai Mari…