The UAE banking sector delivered a resilient performance in 2024, marked by double-digit lending growth, improved cost efficiency, and a five-year low in risk costs, according to a report by global …
Alvarez & Marsal releases FY2024 UAE Banking Pulse
Cost efficiency and asset quality shone as the cost of risk (CoR) hit a 5-year low at 0.5 percent …
Wio Bank grows over AED 37bln in balance sheet in second full year of operations
Industry-leading Net Promoter Score (NPS) of 74 Abu Dhabi, UAE – Wio Bank PJSC has established itself among the top 10 most profitable neobanks globally and a leading UAE bank for retail and SME …
Dubai Court Orders B.R. Shetty To Pay ₹920 Crore To ICICI Bank
Dubai Bavaguthu Raghuram Shetty, the founder of the UAE’s largest private healthcare chain, has been ordered by the D …
Dubai real estate market sees first price drop in two years
Dubai real estate prices fell by 0.57% in January 2025 – the first decline since summer 2022 – signalling a market shift towards stabilisation, according to leading real estate intelligence authority …
ACET (ACT) signs MoU with Saif Belhasa Holding to pave way for blockchain-powered finance in the UAE
ACET (ACT), a leading global blockchain-driven digital asset, has signed a significant Memorandum of Understanding (MoU) with Saif Belhasa Holding (SBH), one of the most influential business …
Dubai real estate prices drop 0.57% in Jan, signalling stabilisation
Sales volumes were down 4.6 per cent compared to December 2024, according to the latest Property Monitor monthly market report …
UAE and Saudi Arabia lead MENA M&A activity to over $92bn in 2024
The UAE and Saudi Arabia led MENA M&A activity to more than $92bn last year, according to the latest EY MENA M&A Insights 2024 report. The MENA region recorded a 3 per cent rise in merger and …
UAE instant payments platform Aani signs up 1.5 million users
About 1.5 million users in the UAE have enrolled with Aani, the central bank’s new instant payments platform, as the Emirates seeks to increase financial inclusion and move towards a cashless society.
The UAE participates in the first Finance Ministers and Central Bank Governors meeting under the South African Presidency of the G20
Meanwhile, the UAE participated in the second G20 Finance and Central Bank Deputies (FCBD) meeting under the South African Presidency of the G20, which was held in Cape Town from 24-25 February, to …
Mashreq to foster Egypt’s digital corporate banking landscape via NEO Corp launch
Upon obtaining the required regulatory approvals, Egypt will be the first country in Mashreq’s network and outside the UAE to go live with the full suite of Mashreq NEO CORP products and services.
UAE is firm on strengthening its global trade corridors for growth
The UAE, represented by the UAE Ministry of Finance and the Central Bank of the UAE, participated in the first G20 Finance Ministers and Central Bank …
Dubai real estate market posts first monthly dip in two years
Dubai’s red-hot real estate market has recorded its first monthly price decline in over two years, signalling a long-anticipated shift toward equilibrium. According to Property Monitor, a leading real …
UAE participates in first G20 Finance Ministers and Central Bank Governors meeting
Meanwhile, the UAE participated in the second G20 Finance and Central Bank Deputies (FCBD) meeting under the South African Presidency of the G20, which was held in Cape Town from 24-25 February, to …
Dubai real estate prices fall for first time in 2 years – is market stabilising?
Dubai real estate prices fell by 0.57 per cent in January 2025, the first decline since summer 2022, signalling a market shift towards stabilisation, according to Property Monitor. While the first …
Elite investor Ray Dalio warns the US may suffer a financial ‘heart attack’ if the debt problem isn’t tackled
Bridgewater founder Ray Dalio compared the US debt to plaque building up in a heart, and said it was vital to act before the situation worsens.
UAE ramps up China charm offensive to deepen investment, tech ties
Dubai officials are in Shenzhen this week, following a tour by Abu Dhabi officials across major Chinese cities that sealed multiple deals focused on AI, advanced tech, and smart cities.