A view of a branch of Dubai Islamic Bank branch along Khalid Bin Al-Waleed Road in Dubai May 30, 2010. REUTERS/Mosab Omar/File Photo DUBAI, Feb 9 (Reuters) – Dubai Islamic Bank (DISB.DU), the biggest …
Standard Chartered shares jump on reports UAE bank reconsidering takeover bid
First Abu Dhabi Bank could be reconsidering a takeover offer for the London-listed banking giant worth up to 35 billion dollars, reports said.
Dubai enacts new rules for ultra-wealthy and family businesses operations
Dubai International Financial Centre has finalised regulations to enable more family-owned businesses to start operating from its Global Family Business and Private Wealth Centre which opens next …
UAE: Scammers more interested in personal data than bank details
For UAE consumers, it is not the bank data, but the disclosure of their personal data shared online that puts them at a greater risk when it comes to fraudsters and scammers. Cybersecurity experts …
Emirates Islamic is first bank in the UAE to issue a Dirham Sukuk
Emirates Islamic has announced the successful pricing of its inaugural AED 1 billion dirham-denominated sukuk, the first such dirham sukuk issuance by a UAE bank. Emirates Islamic, the Islamic …
Dubai’s DEWA reports 22% rise in consolidated net profit for 2022
Read: Dubai’s DEWA raises $6.1bn in EMEA’s biggest IPO since 2019 Further, DEWA’s subsidiary, Empower listed on the DFM in November, 2022, floating 20 per cent of its issued share capital.
DEWA reports net profit of $3bn and increases 2022 dividend pay-out by 60%
noted Al Tayer Select annual highlights In April 2022, DEWA was listed as a public company on the Dubai Financial Market. This was the largest IPO in the UAE and the largest utility IPO globally since …
Dubai: Gold prices open steady in early trade
Globally, gold prices edged higher on Thursday, as the dollar steadied. Spot gold was up 0.22 per cent at $1,879.58 per ounce, as of 9.35 am UAE time. The US Federal Reserve offic …
Why Dubai residents are buying property to save money
In January last year, he took out a mortgage to purchase the two-bedroom apartment he was renting in Dubai Silicon Oasis. He paid Dh550,000 ($149,761) for the property, which he had previously rented …
Dubai’s cryptocurrency regulator issues new rules for metaverse, virtual assets
New laws in Dubai define the rules for trading virtual assets and operating in the metaverse, including explain how to lend/borrow and remit virtual assets — as well as fines for some violations.
UAE’s Emirates Islamic issues dirham-denominated sukuk valued at Dhs1bn
Emirates Islamic’s three-year dirham-denominated sukuk witnessed robust demand and was oversubscribed 2.5 times …
UAE Emiratisation Fines, Deadlines: What’s Changed And What Hasn’t Under New Rules?
Private companies are still mandated to raise Emiratisation rates by 2 per cent every year to reach 10 per cent by 2026. It is the procedure of the law’s implementation that has been revised, the …
Dubai real estate: $471m property transactions on Wednesday
Dubai recorded 646 real estate transactions on February 8 Dubai real estate: $471m property transactions on Wednesday Real Estate …
Dubai: Sheikh Mohammed issues laws to establish new corporations under Department of Economy & Tourism
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, issued Laws No. (5..
Dewa to offer higher dividends as 2022 profit surges
The power utility indicates that it will be distributing Dh9.9 billion in dividends to the shareholders for 2022 as against Dh6.2 billion promised earlier …
Emirates Islamic first UAE bank to issue a dirham sukuk
The bank successfully launches an Dh1 billion sukuk; The three-year sukuk carries a 5.05% profit rate, at a spread of 67bps over UAE government treasuries …
Dubai records over $462.8mln in realty transactions Wednesday
DUBAI – Dubai real estate market recorded 537 sales transactions worth AED1.44 billion, in addition to 79 mortgage deals of AED193.57 million, and 30 gift deals amounting to AED104.38 million on …