ABU DHABI – Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central …
UAE banking sector sees AED265.6 billion in savings deposits until October 2023
Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit AED265.6 billion by the end of October 2023, according to the latest statistics from the UAE Central Bank.The apex …
Tabby announces pre-IPO $700 million debt facility from JPMorgan
UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from JPMorgan, ahead of …
Tabby Secures $700 Million Debt Facility in Pre-IPO
Tabby, previously headquartered in Dubai, now based in Riyadh, has announced a pre-IPO achievement with a $700 million receivables securitization facilitated by J.P. Morgan and extended its Series D …
UAE thriving real estate and hospitality boost economy amid $136bn Dubai property sales and $122.5bn tourism target
The UAE economy has had a significant boost from strong real estate and tourism sectors in Dubai and Abu Dhabi, according to the Central Bank of the UAE (CBUAE). The CBUAE said that despite the …
UAE achieves robust performance in real estate, tourism, and aviation: CBUAE
The Central Bank of the UAE (CBUAE) has said that despite the continuing global uncertainty and tight monetary stances worldwide, the UAE real estate sector continued its good performance in the …
Dubai real estate: When is the ‘right time’ to sell your property?
Dubai real estate: When is the ‘best time’ to buy property? Experts reveal Dubai real estate: Is it better to fix a mortgage now or next year? Experts weigh in The experts revealed there has been an …
Lessons for 2024: In UAE property and stock markets, investors work on time to enter
As we enter 2024, the investment landscape is markedly different. From the introduction of the UAE corporate tax, to a continuation of IPO activity, and an influx of real estate projects, there is a …
UAE’s Islamic finance sector assets surge to $230.24bln
The UAE has been taking impressive strides to reinforce its position as the global hub of Islamic finance industry with its Shariah-compliant banking sector currently accounting for 23 per cent of …
UAE: Central Bank reports 10% growth in cash deposits
The Central Bank of the UAE (CBUAE) released data showing cash deposits surged to AED 687.2 billion this October, marking a substantial annual increase of 10.2 percent, or AED 63.7 billion, compared …
CBUAE issues UAE Islamic Finance Report 2023
Abu Dhabi: The Central Bank of the UAE (CBUAE) has issued the UAE Islamic Finance Report 2023 which highlights the sustainable Islamic finance efforts of Islamic financial institutions (IFIs) across …
NWTN collaborates with Abu Dhabi Islamic Bank
NWTN and Abu Dhabi Islamic Bank will collaborate to enhance financing options in the electric vehicle market in the UAE …
Are You Considering a Job in the United Arab Emirates?
What are the top jobs in the United Arab Emirates?The top jobs in the United Arab Emirates (UAE) can vary based on industry demand, economic trends, and government priorities. However, certain sectors …
UAE mortgage platform Huspy records $270m in home financing
UAE-headquartered proptech startup Huspy which is redefining home buying in the Middle East & Europe, has announced that its mortgage unit in the UAE has processed a record AED1 billion+ ($270 million …
Investors and Visionaries Chart a Course for Success: VC Founders Yacht Cruise Returns to Dubai!
After the resounding success in Singapore, the VC Founders Yacht Cruise sets sail for an even grander affair in the dazzling city of Dubai! Scheduled for the 17th of April 2024, this year’s event will …
WTI Cabs files DRHP for launching NSE SME IPO. Details here about upcoming IPO
WTI Cabs aims to launch its NSE SME IPO in the month of January 2024 provided its gets SEBI’s nod as per its estimates …
Dubai property prices pass 2014 levels to reach all-time high, up 45% in three years; 130,000 transactions expected this year
The 394 bulk loans issued for the month were spread across several projects, most notably portfolio mortgage registrations in Siraj Tower (203) in Arjan, Rokane G22 (62) in Dubai’s Jumeriah Village …