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Press Dossier   By Date  26/01/2023
DIB posts record Dh5.6 billion profit for 2022
Dubai Islamic Bank, the largest Islamic bank in the UAE, posted on Wednesday a record-breaking annual net profit of Dh5.6 billion for 2022, up 26 per cent year-on-year.
NBF records best-ever operating performance in 2022
National Bank of Fujairah (NBF) on Wednesday announced that its operating income surged 25.8 per cent to Dh1.8 billion last year while operating profit climbed 29.4 per cent to Dh1.2 billion due to a solid turnaround supported by robust capital adequacy and sound improvement in asset quality.
Record oil supply will not meet 2023 demand surge: IEA
Record oil supply of 101.1 million barrels per day in 2023 will not meet surging global demand, leading to a significant shortfall in availability by the end of 2023, according to the International Energy agency.
Business Bay sees the highest number of real estate transactions in 2022
The Business Bay area recorded the highest number of real estate transactions in Dubai last year with 10,853 transactions, according to a statement by Dubai Media Office.
Closing Bell: TASI edges up 0.13% to close at 10,809
Saudi Arabia’s Tadawul All Share Index rose 13.55 points — or 0.13 percent — on Wednesday to close at 10,809.15.
Saudi Arabia estimates borrowing around $12bn in 2023, approves plan
Saudi Arabia expects its financing needs to be around SR45 billion ($12 billion) this year, the National Debt Management Center said on Wednesday.
Saudi Arabia’s NDMC closes issuance of sukuk worth $920m
Saudi Arabia’s National Debt Management Center has closed the issuance of SR3.47 billion ($920 million) riyal-denominated sukuk for January 2023, according to a recent statement.
Saudi Arabia’s oil exports value rises 11.8% in November 2022: GASTAT
Saudi Arabia’s oil export value rose by 11.8 percent to SR9.5 billion ($2.53 billion) in November 2022, compared to the same month in 2021, according to the latest data released by the General Authority for Statistics.
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