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Category: FINANCE

Posted on 10/01/2024

Bahrain’s Al Salam Bank terminates discussions on acquiring KFH Bahrain

Bahrain-based Al Salam Bank is listed on both Dubai Financial Market (DFM) and the Bahrain Bourse while Kuwait Finance House is listed on both the Bahrain Bourse and Boursa Kuwait. Al Salam announced …

Posted on 10/01/2024

UAE business group issues investment dispute notice against Lebanon

Among these are funds within the Lebanese banking system; and investments in luxury hotels branded under Hilton Hotels & Resorts, a shopping mall, a 100,000-sqm entertainment, leisure destination …

Posted on 10/01/2024

Why are Indian crypto firms making a beeline for Dubai?

Lured by a favourable regulatory landscape, an increasing number of Indian crypto companies are relocating to Dubai in an attempt to evade the high tax regime in their home country.

Posted on 10/01/2024

UAE economy expected to grow by 3.8% in 2025: World Bank

According to the Global Economic Prospects report released today, the World Bank forecast the growth in the Gulf Cooperation Council (GCC) countries to rise to 3.6 percent in 2024 and 3.8 percent in …

Posted on 10/01/2024

Pakistan ‘hopeful’ of $2bn UAE deposit rollover

Pakistan is hopeful of getting $2 billion deposits rolled over by the United Arab Emirates (UAE), sources told the media on Monday, as the authorities strive to keep the country’s financial affairs …

Posted on 09/01/2024

Saudi Arabia and UAE to lead GCC GDP growth in 2024: World Bank

Saudi Arabia and the UAE will lead GDP growth in the Gulf this year, according to World Bank forecasts. UAE GDP will grow 3.7 per cent this year before accelerating 3.8 per cent next year, according …

Posted on 09/01/2024

Phoenix Group Doubles Down on Mining Dominance with USD 187 Million Bitmain Deal, Following Historic Partnerships and IPO Success

ABU DHABI, UAE, Jan. 09, 2024 (GLOBE NEWSWIRE … and the company’s monumental IPO on the Abu Dhabi Securities Exchange (ADX) in the same month. These combined moves solidify Phoenix Group’s position …

Posted on 09/01/2024

Pakistan ‘upbeat’ on extension of $2bn UAE deposit

“Hopefully, the UAE will soon roll over the $2 billion deposits. The Prime Minister’s Office and the Ministry of Finance are working on the issue,” the sources added. The foreign exchange reserves …

Posted on 09/01/2024

Binghatti expands its land bank in Business Bay

Leading UAE property development brand Binghatti Properties has grown its land bank in Business Bay with the purchase of a new plot exceeding a transaction value of Dh365 million.Strategically located …

Posted on 09/01/2024

RERA signs a memorandum of understanding with “Zand Digital Bank” to appoint it as the trustee of the Real Estate Development Escrow Account

Committed to solidifying Dubai’s reputation as a leading real estate investment destination, enhancing the sector’s readiness and sustainability in various aspects …

Posted on 09/01/2024

DIFC’s preferred position for hedge fund ecosystem develops through exclusive HFM partnership

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of over …

Posted on 09/01/2024

UAE’s fintech Maalexi raises $3mln to fund expansion

UAE-based fintech Maalexi, which caters to small agri-businesses, has raised $3 million in a pre-Series A funding round led by venture capital firm Global Ventures.

Posted on 09/01/2024

UAE crackdown extends to fresh flag state popular with shadow fleet owners

The Cameroon registry has grown sharply since the start of Russia’s invasion of Ukraine. It grew by 1m gt in 2022, an increase of 41.5%, despite being the worst-performing flag state assessed by the …

Posted on 09/01/2024

Binghatti grows its land bank in Business Bay with AED 365mln plot acquisition

Binghatti’s expansion of its project development across Dubai has contributed to the company’s stock value, which has recently been captured at a value of over AED 20 Billion.

Posted on 09/01/2024

My Dubai Salary: ‘I earn up to Dh50,000 a month as a financial adviser’

Shalu Sharma currently works as an associate vice president at financial services company Continental Group. She is a financial adviser and helps people and corporate clients with financial planning.

Posted on 09/01/2024

UAE – Explaining The Landmark Developments Of The COP28.

UAE – Explaining The Landmark Developments Of The COP28. Legal News and Analysis – UAE – Energy & Project Finance – …

Posted on 09/01/2024

UAE: Gold prices jumps after hitting 3-week low

Expert says generally weaker risk tone in the markets should act as a supportive force for the rise of precious metals considered a haven …

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