Category: FINANCE

Prominent UAE national, investor, and longstanding friend of Pakistan, Nasser Abdulla Hussain Lootah, said he had a vision for the bank to transform it into a full-fledged Islamic bank, providing …

Supported by higher net interest income and net income from Islamic financing and investment activities and fee income, NBF posted an operating profit of AED397.9m for the three-month period, a rise …

Dubai real estate market recorded 451 sales transactions worth AED1.2 billion, in addition to 82 mortgage deals of AED663.03 million, and 19 gift deals amounting to AED36.64 million on Wednesday, data …

The UAE launched a dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion ($299 million) on Wednesday. The sukuk will support funding diversification …

This issuance will help build the UAE Dirham-denominated yield curve, thereby strengthening the local financial market and developing the investment environment: minister …

The UAE, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced launching a dirham- …

The UAE is issuing a dirham-denominated treasury sukuk worth Dh1.1 billion ($299 million) as it diversifies its funding resources and supports the growth of the Islamic economy. The T-sukuk will first …

Tuesday’s property deals included 395 sales transactions worth AED1.02 billion, 86 mortgage deals of AED418.13 million, and 27 gift deals amounting to AED37.78 million Dubai records property deals to …

The DFS is expected to be hosting 5,000 c-suite leaders, over 120 speakers, and more than 1000 pre-qualified investors in Dubai.

Official says issuing T-Sukuk in local currency will contribute to building local currency bond market, providing safe investment alternatives …

LONDON: Abdullah Bin Touq Al Marri, Minister of Economy, held a number of bilateral meetings, including one with Lord Dominic Johnson, Minister of State in the Department for Business and Trade, UK, …

The United Arab Emirates needs time to demonstrate the effectiveness and enforcement of policies introduced against financial crime before it can be removed from a global watchdog’s ‘grey’ list, the …

The United Arab Emirates needs more time to show it’s done enough to be removed from a global financial crimes watchdog’s “gray list,” a senior government official said, as the Gulf country remains …

Shweta Wahi, a Canadian-Indian resident of Dubai, took out a mortgage worth Dh2 million ($544,588) about a year ago from Abu Dhabi Commercial Bank to buy her family’s first home — a four-bedroom villa …

Dubai’s main share index (.DFMGI … Oil prices – a key catalyst for the Gulf’s financial markets – held steady as investors weighed strong holiday travel in China that could boost fuel demand against …

Dubai: Mashreq, in partnership with knowledge partner MEED, is pleased to announce the launch of their latest joint research report titled ‘Drivers of Change’, which provides a detailed assessment of …

Mashreq, in partnership with knowledge partner MEED, has launched its latest joint research report titled ‘Drivers of Change’, which provides a detailed assessment of the initiatives being taken by …