In light of the huge real estate expansion in Dubai, the mortgage finance sector has become a major mechanism in determining the necessary demand and liquidity in the market. Specialists estimated …
UAE vows to meet world’s ‘high expectations’ for Cop28 clean energy drive
The UAE recognises the “high expectations” for Cop28 in Dubai and will host the climate talks with a “great sense of urgency”, the summit’s chief executive said on Monday. Adnan Amin told diplomats …
UAE holds second round of talks with Russia for double tax avoidance
Ministry of Finance said it is keen to cooperate on areas of shared interest, and continue coordination and constructive dialogue with the Russian Federation …
India, UAE discussing trade in national currencies
NEW DELHI – India and the United Arab Emirates (UAE) are looking at using their national currencies in bilateral trade as they aim to grow the value of their non-oil trade to US$100 billion per year …
Salik bags reputed international award for Best IPO in the Middle East in 2022
The award was presented at a special ceremony organised by the Magazine in London, United Kingdom attended by a cohort of representatives of prominent companies and financial institutions operating in …
UAE bank assets rise 2.6% in first quarter
T otal assets of banks operating in the UAE increased by 2.6 per cent quarter-on-quarter, reaching Dh3.764 trillion by the end of the first quarter of 2023, a report from the Central Bank of the UAE …
Emirates NBD Group signs UAE Gender Balance Pledge, further solidifying its commitment to gender equality and diversity
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region has joined a pledge to accelerate the achievement of the UN Sustainable Development Goal 5 …
UAE: e& money to expand offerings with co-branded cards, lending services and wealth management
E& money, the fintech arm of e& life, aims to become a leading financial super app by expanding its portfolio into three main areas of co-branded cards, le..
Hudson Bay Expands $20 Billion Hedge Fund Business to Dubai
Hudson Bay Capital Management is opening an office in Dubai, joining the likes of Balyasny Asset Management and ExodusPoint Capital Management in expanding to the Middle Eastern business hub.
Select Property solidifies its presence in Dubai, GCC
Select Property, a leading UK-based property developer and investment partner with over 18 years of experience in Dubai, is solidifying its long-standing presence as the GCC’s most trusted UK property …
India-UAE central banks in active dialogue for rupee trade under CEPA: Piyush Goyal
Addressing the first meeting of the India-UAE Comprehensive Economic Partnership Agreement,Union Minister Piyush Goyal said that talks for bi-lateral trade between the two economies in their local cur …
First Abu Dhabi Bank partners with IBM Consulting to advance hybrid cloud transformation journey
DUBAI, UAE – First Abu Dhabi Bank (FAB) and IBM Consulting announce that they are advancing their collaboration to help migrate more applications to the cloud as part of the bank’s evolution journey …
Dubai-listed AMAN to sell life insurance portfolio to ADX-listed ADNTC for $10.2mln
Dubai Islamic Insurance and Reinsurance (AMAN) will sell its individual life takaful portfolio to Abu Dhabi National Takaful Company (ADNTC) in a 37.5 million UAE dirhams ($10.2 million) transaction.
Dubai’s Al Ansari Exchange to open 15 new branches in 2023
The UAE-based money exchange and remittances firm Al Ansari Financial Services, which raised $210 million in an IPO in March, plans to open 15 new exchanges across the UAE before the end of this year …
‘We moved from Dubai to Manchester to buy our dream family home’
Juvraj Singh and his wife snapped up their first property sooner than expected thanks to a helpful mortgage scheme …
UAE bank investments at all-time high of Dhs548.5 billion in March
Bank investments in UAE hit Dhs548.5 billion by the end of March, the highest level in the country’s history, a report by the Central Bank of the United Arab Emirates revealed.
UAE bank investments hit a record $149.3bn in March
The central bank said month over month, UAE bank investments jumped 1.3 per cent from Dhs541.4 bn in February.