Category: FINANCE

Dubai: A saver in the UAE now gets to drive around a new Tesla car, which he won in a raffle after opening a savings account with a local bank. Ahmad Hamad Al Suwaidi, a UAE national, is the first saver to win the five Tesla cars that Emirates Islamic Bank ... ( read original ...

Because paying for a painting with cash or cheque is so passé. There’s now a new way for people to purchase artwork in Dubai – by using cryptocurrency. The Dubai Culture and Arts Authority (Dubai Culture) last week launched a new platform called ... ( read original story ...)

would have some impact on the profitability of UAE banks, early bank results indicate a strong outlook for the sector. Leading UAE banks that have reported that their first-quarter results show a steady improvement in interest margins, as well as a decline ... ( read original story ...)

DUBAI, April 23 (Reuters) - Currency and money transfer firms Travelex and UAE Exchange are to come together under one holding company in preparation for a possible stock market listing in London, executives said on Monday. The holding company Finablr will ... ( read original story ...)

Emaar Hospitality Group is in no rush to list its business on the stock exchange, the company’s CEO Olivier Harnisch told a packed audience on the opening day of the Arabian Travel Market in Dubai. “Some of Emaar’s other units have gone on to IPO. ( read original story ...)

Hedge funds investing in oil are luring capital at the fastest pace ... Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)

Another target of the law would be create “alternative financing methods” over and above what is offered via direct bank finance. These proposals and the follow-through will be the responsibility of the Dubai Land Department. It follows a set of ... ( read original story ...)

“It is fitting that a dialogue on the New Global Trade Order is happening here in the UAE, which is the gateway to growth in the Middle East and beyond and which World Bank data shows is a crucial meeting point for two-way trade worth $570 billion (Dh2 ... ( read original story ...)

The Dubai-based firm plans to sell the school stake back to CIRA ... Abraaj hired Citigroup and EFG-Hermes Holding SAE to run the sale or IPO of its North African hospitals business, people familiar with the matter said in January. The business, which ... ( read original story ...)

It is a real testament to the region’s economic growth that we are seeing more world class brands emerging from the UAE,” said Andrew Campbell, Managing Director, Brand Finance Middle East. Dubai’s Emirates NBD still sits firmly as the UAE’s most ... ( read original story ...)