Dubai Islamic Bank posts 10.5% rise in Q3 net profit
Dubai - Arabstoday
Dubai Islamic Bank, the Gulf Arab emirate's third-largest bank by market value, reported on Saturday a 10.5 percent rise in third-quarter net profit, beating analyst expectations. DIB made a profit of AED298m ($81.1m) in the three months ended September 30, up from a profit of AED269.58m in the comparable period one year earlier. The lender beat analysts expectations. Two analysts polled by Reuters had estimated third-quarter profit of AED247m and AED283m. Provisions for impairment increased to AED216.8m in the third quarter. Total assets rose 3.7 percent to AED93.5bn, while customer deposits climbed 8.2 percent to AED68.6bn in the quarter.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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