Businesses in the UAE remain highly confident in their international trade prospects, with 94% saying they expect to grow cross-border trade in the near future. Despite ongoing uncertainty and cost …
GCC equity markets ease into Eid break after Dubai Residential REIT, Saudi UCIC IPOs
The upcoming listings of budget carrier Flynas and Specialized Medical Company could uplift a market weighed down by United Carton’s muted debut in Saudi Arabia …
UAE economic outlook remains bullish despite global volatility
Despite global economic volatility, the UAE maintains a strong economic outlook, analysts say. This is primarily driven by rising energy production, a robust tourism sector (Dubai welcomed 19 million …
UAE’s biggest bank FAB seeks to raise $480mln from secondary offering
The selling shareholder, whose name was not disclosed, is offering around 113 million shares at a price of $4.22 per share through an accelerated bookbuilding …
Dubai expects to shine in times of volatility due to stability, talent attraction
DUBAI] Towering skyscrapers, luxury megamalls, and sprawling beach resorts. Dubai has consistently been one of the top cities for expat migration, and it is showing no signs of slowing down. Read more …
UAE stock exchange benchmarks extend winning streak in May
According to a report by Kamco Invest, the DFM General Index rose 3.3 per cent in May, closing at 5,480.5 points — ranking second among GCC peers. This brought its year-to-date gain to 6.2 per cent.
UAE participates in Ministerial Meeting of GCC Financial and Economic Cooperation Committee
The UAE has taken part in the 123rd Ministerial Meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee, held today in Kuwait, bringing together the Ministers of …
New Fatwa initiative ushers in new era for $5 trillion Islamic finance
Announced on May 29 in Dubai, the development promises to reshape the fast-growing Islamic finance sector, blending time-honoured ethical principles with cutting-edge technology …
Lord Mayor of London expects UK-UAE economic and investment ties to strengthen further
Alastair King, the Lord Mayor of London, is expecting economic relations between the UK and the UAE to strengthen further, with a focus on co-operation and investments in important industrial and …
72% of UAE banking customers prefer mobile apps: ADL survey
A new survey by Arthur D. Little (ADL) with 24 UAE banks, revealed that customers are increasingly demanding seamless, omnichannel banking experiences, …
UAE’s biggest bank FAB seeks to raise $480 mln from secondary offering
First Abu Dhabi Bank (FAB) , the UAE’s biggest bank by assets, is looking to raise around $480 million from a secondary share sale, the bookrunner for the deal said on Friday.
SWIFT User Group’s AGM supports digital transformation, enhancing UAE’s position as financial & trade hub
During the meeting, members approved the minutes of the 2024 Annual General Meeting and the audited financial statements for 2024 …
‘Ethraa’ Career Fair wraps up in Dubai with strong Emirati participation
The 8th edition of the Ethraa Career Fair concluded in Dubai, recording strong participation from Emirati talents and a wide range of employers in the financial sector.Organised by the Emirates …
UAE finfluencer licensing brings ‘long overdue accountability’ to social media investment advice, experts say
The UAE’s ‘finfluencer’ licensing system combats social media investment scams, with groundbreaking rules requiring anyone with just 1,000 followers who gives financial advice to register with regulat …
United Arab Bank Partners with Emirates Face Recognition to Launch Facial Authentication for Mobile Banking
United Arab Bank (UAB) has entered into a strategic partnership with Emirates Face Recognition (EFR) to integrate facial recognition technology into its mobile banking platform. The agreement, signed …
IndusInd Bank gets promoter backing amid financial recovery
The lender reported a profit of $309.5 million for the fiscal year 2025, a 70% decline from the previous year’s $1.07 billion, primarily due to a $235 million hit from accounting irregularities …
How this Chinese expat found financial freedom after moving to UAE
Sarah Dong shares her divine relationship with money, emphasizing respect and growth in Dubai’s thriving economy. Chinese expat Sarah Dong on why her relationship with money …