DUBAI, Feb 15 (Reuters) – The Dubai International Financial Centre (DIFC) witnessed a 34% growth in new registrations last year, bringing the total number of active companies in the Gulf’s financial …
Dubai: More than 5,500 jobs created by new firms in DIFC
A round 5,514 new jobs were created by the companies in the Dubai International Financial Centre last year, an increase of 15 per cent from the previous year. The number of people …
Why you should invest in Dubai’s real estate: 11 advantages
Dubai’s robust economy, supported by diversified sectors such as tourism, finance, and trade, provides a stable environment for real estate investment. Additionally, fast-tracked urban development …
FIA unearths bank fraud including counterfeiting
Additional Director General of FIA, Mujahid Akbar Khan, briefed the Senate Standing Committee on Finance on the progress of a Rs410 million fraud that DIB bank’s officials allegedly committed against …
UAE’s Ajman Bank pivots to net loss of $106mln for 2023
The UAE-based lender Ajman Bank saw a 66% surge in operating income for the full year 2023, although it posted a net loss due to one-off provisions. Total operating income reached 1.56 billion dirhams …
Dubai’s end-user buyers should not wait on their home purchases – certainly not now
The drop in mortgage rates will only make Dubai Hills Estate a more competitive space, and I expect there to be a significant rise in activity across apartments and mid-range villas. For luxury …
UAE Golden Visa $272,000 rule change ‘widens door for more diverse pool of Dubai real estate investors’
Farooq Syed, CEO of Springfield Properties, a prominent real estate brokerage in Dubai, has hailed the elimination of the AED1m ($272,000) minimum down payment for real estate investments to qualify …
ALTÉRRA: How the UAE climate fund plans to mobilise $250bn by 2030
The UAE has committed $30bn to ALTÉRRA, making it the world’s largest private investment vehicle for climate change action, and the fund aims to mobilise $250bn globally by 2030, Ambassador Majid Al …
UAE Ministry of Finance explores financial strategies for a better future at World Governments Summit
The UAE Ministry of Finance concluded its participation in the World Governments Summit (WGS) 2024, under the theme of “Shaping Future Governments”. The event saw the participation of heads of state, …
Oyo mulls freezing IPO plan, to opt for private raise: Report
Oyo, which has major operations in the UAE, had filed a draft application for an IPO in October 2021 with the Indian market regulator for over $1 billion …
PM Modi, UAE counterpart launch Bharat Mart for promoting Indian MSMEs
Prime Minister Narendra Modi and his UAE counterpart Sheikh Mohamed bin Rashid Al Maktoum on Wednesday virtually laid the foundation stone of Bharat Mart that will offer the Indian MSME sector an …
Jai Sankar Viswanathan appointed as Global Head of Finance for WeFreight
Dubai, UAE:– WeFreight is pleased to announce the recent appointment of Jai Sankar Viswanathan as Global Head of Finance. With over 30 years of distinguished experience in finance within the logistics …
UAE: Can social media fetch you the same amount of money as a stable job? Influencers weigh in
These content creators either started posting on Instagram and Tiktok to supplement their income or just as a way to pass time …
Dubai Islamic Bank offers new credit card with many benefits
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, has launched “SHAMS” Credit Card in partnership with Visa, a world leader in digital …
Dubai Islamic Bank launches ‘SHAMS’ credit card in partnership with Visa
The SHAMS Visa Credit Card offers unique cashback, travel, lifestyle and rewards in a single product for the customers …
Al Salam Bank Announces Financial Results for 2023
Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) reported net profit attributable to shareholders of …
Government Aims To Raise $6.5Bn From IPO Programme In 2024: Finance Minister
Maait made these remarks during his participation in the session on the balance sheet-based approach to creating value from public assets at the 8th Public Finance Forum in Arab Countries in Dubai …