New Delhi: Indian tourists visiting the United Arab Emirates (UAE) will be able to use Unified Payments Interface (UPI) to make payments over a wider range of merchant locations with NPCI …
Sustainable finance to contribute $2 trillion to Gulf GDP by 2030: Report
A new report found that sustainable finance has a pivotal role in driving economic growth, job creation, and diversification across the GCC …
Indians visiting Dubai may use UPI to shop cashless at duty free shops
Collaboration between India and UAE will expand to other sectors such as retail, hospitality, transport, supermarkets …
Growth prospects for Dubai toll operator Salik look solid, but is the stock overvalued?
Salik’s earnings potential is robust as it is a beneficiary of Dubai’s growth. The city has seen around half a million new residents since 2020, drawn by the relatively lower taxes, positive changes …
UAE’s Al Hilal Bank appoints Jamal Al Awadhi as CEO
Al Awadhi, a seasoned industry leader and UAE national, brings over 20 years of senior leadership experience across diverse sectors …
Chinese investment bank CICC cleared to operate in Dubai financial centre
Licence is ‘a big step forward’ for cross-border deals in the United Arab Emirates, CEO of Dubai Financial Services Authority says.
UAE lender FAB to lose two senior executives, sources say
Two senior executives are set to leave First Abu Dhabi Bank , two sources with knowledge of the matter told Reuters on Wednesday.
Robust bank financing spurs UAE industrial sector growth
The industrial sector in the UAE has experienced a remarkable increase in financing, bolstered by strong support from both governmental and private entities. This collaborative effort is vital for …
EquitiesFirst sees opportunity in surging Gulf IPO market
Gulf Cooperation Council stock markets defy downturn in IPOs. Learn how EquitiesFirst can provide financing solutions for investors.
$56,000 tuition a year: Dubai set to welcome new private school
In another indicator of Dubai’s upward trajectory, one of the world’s largest operators of private schools – GEMS Education – is opening a new $100 million campus where annual fees could reach as high …
UAE investments: Wio and Lunate team up to offer automated ETF purchases
Wio Invest and Lunate will collaborate to offer UAE investors automated and innovative investment options. Through this collaboration, Wio Invest introduces recurring orders for Lunate Chimera ETFs, …
UAE: CBI achieves $60.7mln profit with 30% annual growth
The Bank achieved a pre-tax profit of AED222.7 million, reflecting a significant 30% year-on-year (YoY) growth and marking a historic milestone …
Dubai lures Chinese banks looking for opportunities in wealth management
HONG KONG — Growing connections between China and the Middle East are prompting Chinese and Hong Kong financial companies to set up shop in Dubai as they tap opportunities in trade finance and wealth …
Abu Dhabi-based BWI announces Blaize’s successful IPO on NASDAQ
The company’s listing was done through BurTech Acquisition Corporation, a Special Purpose Acquisition Company (SPAC) owned by BWI with a valuation of $1.2 billion …
Drake & Scull’s former CEO and ex-employee ordered by court to pay $41.3m
Dubai-based contractor Drake & Scull International’s former chief executive and a former employee have been ordered by a court to pay the company Dh151.9 million ($41.3 million) to compensate for …
UPI acceptance in UAE expands: Indian travellers can now use UPI at more locations
Indian travellers to the UAE can now use the Unified Payments Interface (UPI) at an expanded range of merchant locations, following the partnership between NPCI International Payments Limited (NIPL) …
UAE’s top lender FAB makes changes to senior management team
First Abu Dhabi Bank (FAB), the UAE’s top lender by assets, has started the year by making key changes to its leadership structure. Zawya has learnt that the bank has sent out a notification to its …