United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna Energy , after buying a majority stake last year, a further step in its international …
UAE participates in annual joint meetings of Arab financial institutions
The UAE, represented by the Central Bankand the Ministry of Finance, participated in the Joint Annual Meetings of Arab Financial Institutions, held on 9th April in Kuwait.The meetings discussed the …
UAE banks investments reach AED742.9 billion by end of January
The total investments of banks operating in the UAE rose by 1 percent month-on-month, increasing by AED7.3 billion in January to reach AED742.9 billion by the end of the month, marking a 16.1 percent …
Dubai’s millionaires double as London drops down wealth list
The number of millionaires living in Dubai has doubled in the past decade, making it one of the world’s fastest growing wealth hubs, a new report shows.The World’s Wealthiest Cities Report 2025, …
UBF: Smart banking empowers future economy
The UAE Banks Federation (UBF) has emphasised the importance of continuing initiatives and efforts to advance smart banking services in order to build a future economy characterised by prosperity, …
Dubai to host the 2nd Global Islamic FinTech Awards 2025
As the Islamic FinTech sector continues to flourish—valued at $100 billion and projected to reach $180 billion by 2026—the awards ceremony will serve as a global platform to celebrate innovation, …
UAE economy likely to grow at 4.7% this year, central bank says
The UAE economy is expected to grow by 4.7 per cent this year, the Central Bank of the UAE said. According to statistics released by the country’s apex bank, gross domestic product (GDP) expanded by 3 …
FAB emerges as Mena’s third-largest banking giant with $41.54b market cap
The UAE’s banking giant, First Abu Dhabi Bank (FAB), climbed to third place in market value in the Middle East and Africa region, edging past competitors with a modest 0.6 per cent rise in market cap …
Dubai FinTech Summit 2025
The Dubai FinTech Summit is a premier global gathering of financial leaders, investors, and innovators. Organised by Dubai International Financial Centre (DIFC), the summit explores the latest trends, …
Dubai offers Indian companies a low-tariff launchpad into emerging markets
Mohammad Ali Rashid Lootah added that with strong trade ties that go back to the age of the spice and silk routes, both the countries can collaborate to meet the growing demand in emerging markets …
Abu Dhabi Islamic Bank launches platform for Fractional Sukuk trading for retail investors
Abu Dhabi Islamic Bank (ADIB) today announced the official launch of its Fractional Sukuk platform, a new digital investment solution that enables customers to invest in fractional sukuk certificates …
Dubai’s meteoric rise as a new global hedge fund hub
Dubai is rapidly transforming into one of the world’s most dynamic hedge fund hubs, marking a significant shift in the global financial landscape. As of early 2025, the emirate …
CBUAE 2024 Annual Report highlights UAE’s leadership in strengthening financial sector
The Central Bank of the UAE (CBUAE) today released its 2024 Annual Report, embodying achievements and initiatives that have marked a transformative shift in its journey and strengthened its vital role …
GCC’s maturing IPO market— and what to expect next
Investor appetite in the Gulf is evolving, says Mohamed Ebeid, co-chief executive officer of EFG Hermes, an EFG Holding company, with a shift toward quality issuers, long-term capital, and …
Dubai’s ICD could tap IPO market to fund expansion
The Investment Corporation of Dubai (ICD), the principal investment arm of the emirate’s government, could potentially turn to the capital markets with a raft of listings over the next year or so, …
UAE’s outstanding bonds, Sukuk reach $309.4 billion by Q1 2025: Fitch
UAE’s outstanding bonds and Sukuk surged to $309.4 billion by Q1 2025, marking an 8.3 percent year-on-year increase, according to Fitch Ratings.Bashar Al Natoor, Managing Director and the Global Head …
The Ritz-Carlton Dubai appoints new director of sales and distribution
João Ferreira has been promoted to director of sales and distribution. The Ritz-Carlton Dubai appoints new director of sales and distribution. João Ferreira, the ritz-carlton dubai. Appointments.