AI brings benefits but also ethical risks for ESG policies UAE companies committed to sustainability goals UAE firms need ESG in AI: ‘We do not have the luxury of time,’ expert warns AI, Artificial …
UAE to participate in Joint Annual Meeting of Arab Financial Institutions
The significance of these meetings in offering a robust platform for exchanging views and discussing the most prominent financial and economic topics and developments in the Arab region: minister …
Steps to buying a property in Dubai
The process of buying a property in Dubai has been greatly streamlined …
IPO Market Set to Continue Growing in UAE, GCC, Led by Strong Investor Demand
According to a report from Mashreq Bank and the Middle East Economic Digest, the trend of initial public offerings (IPOs) in the UAE and the Gulf Coo …
UAE to Launch Dirham-Denominated T-Sukuk to Develop Local Currency Bond Market
The United Arab Emirates (UAE) is set to launch an Islamic treasury sukuk, also known as T-sukuk, with a benchmark auction size of 1.1 billion dirham …
Dubai records over AED1.5 bn in realty transactions Thursday
Dubai real estate market recorded 533 sales transactions worth AED1.24 billion, in addition to 129 mortgage deals of AED239.19 million, and 21 gift deals amounting to AED21.52 million on Thursday, …
Dubai Next Global Hedge Fund Hub: Report
The report is the first in a thought leadership series being released in 2023 by DIFC and covers key insights on the global hedge fund industry. It also highlights the rapid expansion of established …
Banking sector driving UAE financial markets following positive earnings announcements
Driven by robust gains in the banking sector following positive earnings announcements, Abu Dhabi bourse finished 0.773% higher Thursday, with the DFM hitting a one-year high.The capital’s Index FADGI …
Dubai: Fear Of Eviction, Rising Rents Push Residents To Buy Properties
Rising rents and the fear of receiving an eviction notice are increasingly being cited by residents as the main reasons to get on the property ladder,” Waind wrote in a foreword to the report. The …
UAE records strong progress in combatting money laundering, terrorist financing
H amid AlZaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT), has announced that the UAE has made significant progress in combating …
UAE receives 7,000 suspicious transaction, activity reports in first 2 months of 2023
Emirati law enforcement agencies have contributed to major international investigations and arrests, including the largest drugs ring in Europe and INTERPOL’s most wanted trafficker Kidane Habtemariam …
Dubai property deals rise to AED 1.9 billion on Wednesday
Wednesday’s property deals included 451 sales transactions worth AED1.2 billion, 82 mortgage deals of AED663.03 million, and 19 gift deals amounting to AED36.64 million Dubai property deals rise to …
The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai, and describe the high-profile collapse of the firm as ‘regrettable’
The founders of Three Arrows Capital, the defunct cryptocurrency hedge fund that filed for bankruptcy this month, are reportedly on their way to Dubai after liquidators said they’d been unable to …
UAE’s top bank FAB first-quarter profit up 70%
UAE’s FAB reported a 51 per cent YoY increase in operating income to Dhs6.7bn from Dhs4.5bn in the first quarter of 2022 …
UAE investor acquires majority stake in Summit Bank
Prominent UAE national, investor, and longstanding friend of Pakistan, Nasser Abdulla Hussain Lootah, said he had a vision for the bank to transform it into a full-fledged Islamic bank, providing …
UAE banks see massive profits boost, NBF up 152%
Supported by higher net interest income and net income from Islamic financing and investment activities and fee income, NBF posted an operating profit of AED397.9m for the three-month period, a rise …
Dubai records over AED1.9 bn in realty transactions Wednesday
Dubai real estate market recorded 451 sales transactions worth AED1.2 billion, in addition to 82 mortgage deals of AED663.03 million, and 19 gift deals amounting to AED36.64 million on Wednesday, data …