Tamweel profit drops 33 %
Dubai - Arabstoday
Islamic mortgage provider Tamweel posted a 33 per cent drop in second-quarter profit on Wednesday as revenue fell and costs rose. Tamweel, majority owned by Dubai Islamic Bank, made a net profit of Dh18.6 million in the three months to June 30, down from 27.7 million dirhams in the prior-year period. The firm's first-quarter profit also fell. Quarterly revenue dropped slightly to Dh136.9 million, from Dh141.6 million a year earlier, while "depositors' share of profit" - sales costs - rose 8.7 per cent to Dh88.9 million. Tamweel had cash and cash equivalents worth Dh564 million as of June 30, up from Dh187.5 million at the end of 2011.
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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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