Dubai, UAE: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, is proud to announce that it played a pivotal role in spearheading a landmark USD 3.25 billion financing facility for GEMS …
Video interview: Mashreq’s Head of Corporate and Investment Banking
Mashreq Bank’s Corporate and Investment Banking business has been growing from strength to strength in recent years. Group Head of CIB, Joel D Van Dusen, talks to Euromoney about what differentiates …
COP28 President calls on all stakeholders to bring spirit of solidarity that delivered UAE Consensus
WUHAN, China/PRNewswire/ — All stakeholders that delivered the landmark UAE Consensus must come together to implement it and advance sustainable socio-economic development, COP28 President Dr. Sultan …
UAE’s EDC acquires 51% stake in Excellence Premier Investment for $41.7mln
Abu Dhabi training and road safety institute Emirates Driving Company (EDC) has acquired a 51% stake in Excellence Premier Investment (EPI) for 153 million dirhams ($41.7 million). EDC said its …
Télécoms: La 5G sera bientôt déployée!
Le Maroc devra bientôt déployer la 5e génération (5G) des télécoms. Selon nos sources auprès de l’Autorité de régulation du marché (ANRT), tous les études, les tests et préparatifs ont été menés avec …
Opinion | A Viksit Bharat Will Need Viksit, Intelligent Villages Too
Globally speaking, there have been a couple attempts at building technologically-driven and advanced cities, such as the Masdar City in the UAE and Songdo in South Korea. But very few have actually …
UAE withstands impact of higher interest rates even as Fed plans a September cut
The US Federal Reserve will probably keep its benchmark interest rate unchanged when it meets at the end of this month, but recent commentary from officials suggests they may be preparing to cut the …
How Dubai is positioning itself as the Middle East’s gaming hub
Speaking on how Dubai is positioning itself as the Middle East’s gaming … facilitated by advances in 5G and Wi-Fi 7. “This integration would allow seamless gaming experiences across devices, …
UAE: Cooler water to be used for Sharjah’s viral ‘rain street’ shows
The developer of Sharjah’s viral ‘rain street’ has vowed to use special devices that will make the hourly downpours cooler. Talking to , Obaid Al Tunaiji said he and his team noticed that the water …
UAE President Sheikh Mohamed urges residents to uphold ‘security and safety’
“More than 200 nationalities live side by side in the UAE, all contributing to the ongoing development of our nation,” UAE President Sheikh Mohamed said …
UAE weather: Humidity to hit 85%; temperatures to reach 48℃
The weather will be fair to partly cloudy at times, according to the National Centre of Meteorology. It will be humid by night and Tuesday morning over some coastal and internal areas. Humidity can go as low as 15 per cent and as high as 85 per cent in the …
Ramadan 2025 in the UAE: Here’s What We Know
Awaiting Official Confirmation While these astronomical predictions provide a good estimate, the official start of Ramadan will be confirmed by the UAE Moon Sighting Committee. This committee typically meets a few days before the expected date to observe …
UAE: Why more residents are choosing to ‘unretire’
As people are living longer than ever before, many are choosing to ‘unretire’ and use their skills for the workplace for a longer time. That is according t..
Fintech startup Coast lands $40M just 4 months after its last $25M raise
Simon declined to reveal Coast’s latest valuation. ICONIQ Growth General Partner Yoonkee Sull has joined the fintech startup’s board of directors as part of the new funding. “With our …
Ripple CEO, Garlinghouse, Holds Off IPO, unveils competition strategy against SWIFT
Also Read: Ripple withdraws its stakes from Bitstamp and Tranglo … Brad also mentioned countries like Japan, Singapore, the United Arab Emirates, and the United Kingdom who have regulatory clarity …
UAE: Why nearly 100% of expats are in better financial situation than a year ago
As many as 95 per cent of expats in the UAE feel like they’re in a better or slightly better financial situation than they were a year ago, according to a recent survey. More than half – 55 per cent – of expats attribute improvement in their financial …
Central Banks of UAE, Indonesia Partner for Cross-Border Payment Systems
The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in payment systems. This agreement was formalized during a visit to the UAE by Indonesian President Joko Widodo.