The exposure of the 10 biggest UAE banks to real estate, which analysts put at more than 30% during the 2008-9 financial crisis, has decreased for nine straight quarters, according to consultancy …
Global Islamic finance market would reach $4.9 trillion by 2025: Malaysian Trade Commissioner
The Islamic finance sector is expected to grow by around 10% globally in 2023 and 2024, according to earlier estimates by S&P Global Ratings …
UAE plans to issue bonds, sukuk valued at $1.36bn in Q1 2024
He highlighted the role of the Sustainable Finance Working Group in the UAE, promoting environment-friendly investments to mitigate long-term vulnerabilities to climate change and realising …
Abu Dhabi’s Europe M&A hedges an opaque future
LONDON, Jan 26 (Reuters Breakingviews) – Sultan al-Jaber is in the middle of an M&A splurge. The chief executive of the Abu Dhabi National Oil Company (ADNOC) is readying $40 billion of European deals …
DEWA is on pace to reach Net-Zero by 2050 through pioneering clean and renewable energy projects
This date coincides with the anniversary of the establishment of the International Renewable Energy Agency (IRENA) in 2009. The UAE hosts IRENA’s headquarters in Abu Dhabi …
Dubai’s property boom shows signs of fizzling out
As cranes speckle the Dubai skyline and ultra-luxury homes change hands at record prices, signs that the city-state’s property boom is fizzling out are coming into view.
Comfort and chicness: Dubai student’s fashion line for People of Determination hits the runway in many ways
When I returned to Dubai, it developed into a need for change and social … He has also just been accepted to study business at The Wharton School in the University of Pennsylvania, an Ivy League …
Dubai insurer Sukoon’s 2023 net profit slips to $70mln
Net profit for the year reached 257.39 million dirhams ($70 million), slightly down by 0.74% from AED259.3 million in 2022, according to the company’s preliminary results posted on the Dubai Financial …
UAE and Saudi Arabia lead $24bn MENA green bond league table
The UAE and Saudi Arabia are leading the charge for “green financing” in the Middle East and North Africa. The UAE topped regional green bond league tables, with sales reaching $10.7bn, up nearly 170 …
Dubai real estate: All you need to know as a first time homebuyer
purchase a more valuable home without the need to have the full amount sitting in their bank account.” According to Bramley, borrowing from the UAE differs from many regions around the world, “making …
Abu Dhabi police changes traffic rules, allows some vehicles to overtake
Heavy vehicles are now allowed to overtake from a particular lane on Abu Dhabi’s Sheikh Khalifa Bin Zayed International …
UAE jobs in demand in 2024: is yours on the list?
Looking for a new job in Dubai? Here’s some good news. The Michael Page Salary Guide 2024 just dropped and it’s letting us in on the trends of hiring and the UAE jobs that are in demand. The Michael Page Salary Guide 2024 report has found that 73 …
IndiGo expands Middle East network with Dubai-Surat direct flights
Indian budget airline IndiGo announced direct flights between Dubai and Surat, known as the diamond city in the western Indian state of Gujarat. The new flight services, announced as part of the …
“We Got Funded!” UAE-Based Silkhaus Raises Undisclosed Multi-Million-Dollar Pre-Series A Round As It Doubles Down On Expansion Plans
But Silkhaus’ tech-driven model was built with a goal of not only aiding asset owners in the UAE, but to also ease the many aspects involved in searching for a short-term rental property for oneself, …
Here’s How A Digital Bridge Between The UAE And Central Asia Can Create A New Global Hub Of Digital Excellence
These cutting-edge technologies are what the Gulf countries need today. Related: Driving The Digital Economy: A Look At Dubai’s Initiatives In Building A Resilient Tech Startup Landscape Secondly, the …
Spectator chairman urges ministers to block ‘absurd’ Abu Dhabi-backed takeover
The chairman of The Spectator has said it would be “absurd” for a “dictatorship” to own the right-wing magazine as he rallied against a potential takeover by an Abu Dhabi-backed fund. Mr Neil told the …
ADNOC, Etihad Rail operate first rail journey between Abu Dhabi City and Al Dhannah City
Once operational, the rail service, which is currently under development, will enable ADNOC’s staff and contractors to travel between the two destinations …