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Category: FINANCE

Posted on 23/04/2025

Ajman Bank launches $500mln sukuk at T+130 bps; books over $2.6bln

The UAE-based lender is the second to fly through a sukuk deal after Mashreqbank reported its largest ever order book last week …

Posted on 23/04/2025

Dubai Financial Market Unveils the Global Speaker Line-Up and Agenda for the 2025 Capital Market Summit

Dubai Financial Market (DFM) announced the agenda and speaker line-up for the upcoming 3rd MENA Capital Market Summi …

Posted on 23/04/2025

UAE Global Cadres to empower Emirati talents to play influential role in financial and economic sectors globally

The “UAE Global Cadres” initiative will host educational workshops and interactive sessions, empowering Emirati participants to build international professional networks that support their career …

Posted on 23/04/2025

LuLu IPO to drive active expansion, says top executive

IPO marks a transformative phase for LuLu Retail, paving the way for active expansions, greater accountability, and a bold vision for sustained growth, said Dr Althaf …

Posted on 23/04/2025

Huspy Launches the GCC’s first AI-Powered Mortgage Chatbot to Transform Home Financing

Huspy the UAE’s leading homebuying technology platform headquartered in Dubai, has launched the GCC’s first AI-powered mortgage chatbot on WhatsApp at the Dubai AI Week 2025. Huspy’s AI-powered …

Posted on 23/04/2025

ADCB rated strongest banking brand in UAE for 2nd consecutive year

Abu Dhabi Commercial Bank (ADCB) has seen the value of its brand surge to AED 12.3 billion, a 17% increase from the previous year, according to Brand Finance Journal’s latest Top 500 Banking Brands …

Posted on 22/04/2025

Dubai’s du signs $544.5mln hyperscale data center deal with Microsoft

The Emirates Integrated Telecommunications Company PJSC (du) signed a 2 billion dirham hyperscale data center deal with Microsoft , Dubai’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid …

Posted on 22/04/2025

Dubai’s Emirates NBD beats profit view on higher interest income, loan growth

Emirates NBD , Dubai’s biggest bank by assets, beat first-quarter profit estimates on Tuesday, supported by strong growth in loans and interest income, and said its total assets had surpassed the 1 …

Posted on 22/04/2025

Huspy launches GCC’s first AI-powered mortgage chatbot

Huspy, the UAE’s leading homebuying technology platform headquartered in Dubai, has launched the GCC’s first AI-powered mortgage chatbot on WhatsApp at the Dubai AI Week 2025.Huspy’s AI-powered …

Posted on 22/04/2025

ADCB rated the strongest banking brand in the UAE for the 2nd consecutive year

In the same report, Brand Finance also measures the contribution that CEOs make as “guardians” of the value of their brands. ADCB Group CEO Ala’a Eraiqat was ranked among them top banking sector CEOs …

Posted on 22/04/2025

Huspy launches the GCC’s first AI-powered mortgage chatbot to transform home financing, Huspy.Ai

Huspy.ai underscores the company’s commitment to pioneer homegrown technology solutions to transform two of the most important economic sectors – real estate and financing. The UAE’s AI market is …

Posted on 22/04/2025

Dubai real estate market grows 23% in Q1 2025 as villa sales lead surge: Report

Dubai’s residential real estate market maintained its growth trajectory in the first quarter of 2025, recording significant increases in both transaction volumes and values, according to new figures …

Posted on 22/04/2025

UBF’s AGM approves 2025 strategy to further develop banking sector

UAE Banks Federation (UBF) held its Annual General Meeting, under the chairmanship of Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation, and in the presence of members of the Board of Directors …

Posted on 22/04/2025

Dubai Investments plans IPO before year end, says CEO

Dubai Investments is preparing to sell shares in four subsidiaries to the public and may list one of them before the year end, its CEO Khalid bin Kalban has told AGBI. The government-backed company …

Posted on 21/04/2025

Allied Gold launches $80M IPO after nixing UAE investment

Allied Gold (TSX: AAUC, OTCQX: AAUCF) is raising C$80 million through a public offering to fund further engineering and growth initiatives at the Sadiola mine in Mali and its Côte D’Ivoire mine …

Posted on 21/04/2025

Goldman gathers rattled hedge fund tycoons in hunt for Mideast cash

The growing pot of money in the Middle East, which is looking increasingly attractive as US investors brace for recession risks.

Posted on 21/04/2025

UAE Central Bank imposes financial sanction on a bank

The UAE bank failed to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations policies and procedures …

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