Provided by Khaleej Times The first auction of the UAE T-Bond programme in 2023 witnessed a strong demand through the six primary bank dealers. The UAE’s first auction of tre …
Dubai announces rent can now be paid by direct debit instead of cheque
Tenants can pay rent automatically through the Noqodi Ejari Direct Debit Service (DDS) Dubai announces rent can now be paid by direct debit instead of cheque Real Estate …
Dubai real estate market ‘momentum’ to slow down this year
Dubai will continue to attract strong demand from property investors and witness project launches this year, but the “momentum” in the market is expected to slow in the wake of global turbulences, …
Mena raises $22bn with record 51 IPOs in 2022: EY
The Mena region saw a record number of IPOs in 2022 with 51 IPOs and combined proceeds of $22 billion, said professional services firm EY in a new report. The year witnessed a 143% increase in the …
Dubai International Financial Centre launches metaverse platform
Dubai International Financial Centre launches Metaverse Platform with an aim to attract technology innovators from around the world.
Mideast Stocks: Most Gulf bourses decline, tracking oil prices; Dubai gains
Saudi Arabia’s benchmark stock index slipped 0.5%, dragged down by financial and real state stocks … 500% growth in fourth-quarter net profit and a 76% increase in revenue. Dubai’s benchmark index …
Dubai launches Economic Agenda ‘D33’
Economic targets of US$8.7 trillion over the next decade Agenda aims to double the size of Dubai’s economy and consolidate its position among the top 3 global cities The new Dubai Economic Agenda …
Dubai International Financial Centre declares metaverse platform opening to draw technology innovators
Dubai International Financial Centre declared the opening of the DIFC Metaverse Platform on Monday in a proposal to draw technology innovators from a …
US Hedge Fund Davidson Kempner Buys $1.1 Billion UAE Bad Debt
US hedge fund Davidson Kempner Capital Management bought $1.1 billion in bad debt from Abu Dhabi Commercial Bank PJSC as the lender cleans up a balance sheet battered by a series of corporate defaults …
UAE’s ADCB sells NPL portfolio worth $1.1bln to investment funds
UAE’s Abu Dhabi Commercial Bank PJSC (ADCB) has sold a portfolio of non-performing loans (NPL) worth 4.2 billion dirhams ($1.1 billion) to investment funds advised by Davidson Kempner Capital …
Dubai real estate market ‘momentum’ to slowdown this year
Dubai will continue to attract strong demand from property investors and witness project launches this year, but the “momentum” in the market is expected to slow in the wake of global turbulences, …
UAE’s first auction of treasury bonds in 2023 oversubscribed 6.2 times
in collaboration with the UAE Central Bank as the issuing and payment agent. The latest auction received strong demand through the six primary bank dealers, the statement said. The “strong demand” was …
Abu Dhabi Islamic Bank reports 54% surge in 2022 profit
Net profit after zakat and tax for the 12-month period attributable to shareholders rose to Dh3.58 billion ($974 million), ADIB said in a statement on Monday to the Abu Dhabi Securities Exchange, …
Globaleye Launches New Digital Platform to Revolutionize Wealth Management in UAE
International independent wealth advisory firm, Globaleye, today launched a new hybrid wealth management solution, offering both – digital-only and hybrid wealth advice. Globaleye 3.0 will address a …
Dubai records over $544.5mln in realty transactions Monday
DUBAI – Dubai real estate market recorded 568 sales transactions worth AED1.32 billion, in addition to 72 mortgage deals of AED673.74 million, and 12 gift deals amounting to AED30.06 million on Monday …
Insights: How implementing VAT helped UAE’s accounting sector
The introduction of tax has put financial reporting in the spotlight and resulted in positive changes for the accounting industry …
UAE to give workers 1 year paid leave to set up companies, strategic deals approved
UAE’s Federal Authority for Government Human Resources signs partnerships to support self-employment initiative UAE to give workers 1 year paid leave to set up companies, strategic deals approved …