Dubai International Financial Centre (DIFC) today announced its Sustainable Finance Framework (The Framework), published in September 2023 with a positive Second Party Opinion review by S&P Global …
Nasdaq Dubai welcomes listing of $350m Green Bond by FIVE Holdings
Nasdaq Dubai welcomed the debut listing of $350 million Green Bond by FIVE Holdings, a prominent luxury hospitality and development company based in Dubai. This listing marks a significant moment for …
DIFC hailed for acting as growth catalyst for global sustainable finance market
The Dubai International Financial Centre is playing the role of a catalyst to boost sustainable finance globally as demand for green funding picks up in the region and beyond, the DIFC governor has …
Dubai Launches New Program to Support Family Businesses
Deputy Ruler of Dubai and Minister of Finance Sheikh Maktoum bin Mohammed announced on Tuesday that Dubai has launched a new program to support family businesses. The Dubai Family Business Management …
Dubai luxury hotel operator FIVE Holdings eyes IPO in 2025 – report
Five Holdings Ltd, the operator of the luxury brand FIVE plans to have an IPO in Dubai, with eyes on a London listing too, according to its chairman. FIVE Holdings Chairman and founder Kabir …
Nasdaq Dubai Welcomes Debut Green Bond Listing by FIVE Holdings
Nasdaq Dubai continues to lead in creating an ecosystem that supports sustainable finance. The listing of FIVE Holdings Green Bond enhances Nasdaq Dubai’s total value of ESG classified bonds and sukuk …
Dubai Luxury Home Sales Hit $1.6 Billion in Q3, Property Consultancy Says
Dubai is racing to attract people and capital to drive long-term growth as part of an economic model focused on property investment, tourism and inflows of foreign capital. Get up to $700 when you …
Man takes huge loan from bank but doesn’t return it, UAE court obliges him to pay Dhs887,777
The client reportedly obtained financing for investment certificates and agreed to pay it in monthly installments. He also obtained a credit card with a monthly salary guarantee, but he did not commit …
UAE stocks: Clock starts ticking for next big IPO before Lulu Group’s 2024 float
As investors rake in H1-23 dividends, IPO talk shifts to Dubai Taxi, Lulu and others The DFM is up a near 25% year-to-date. Will Q4-2023 light up UAE markets with more IPOs, or would Lulu provide the …
Dubai a ‘natural’ fit for Pakistanis looking to buy property abroad
Pakistanis have a huge interest in buying real estate in Dubai due to factors including proximity and “close ties” with the UAE, according to Simon Baker, managing director at real estate firm haus & …
Dave Portnoy Drops a Record $42 Million on a Hedge Fund Manager’s Waterfront Nantucket Retreat
Retirees Are Moving Overseas and Settling Down in Dubai. Per The Wall Street Journal … The sellers, a pair of trusts known as MAK Daddy and MAK Shack, are both linked to hedge fund manager Mike …
UAE: General Budget Committee reviews draft federal budget for 2024
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, chaired the periodical meeting of the UAE’s federal General Budget …
CBUAE lifts monitoring imposed on bank operating in UAE
The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s adherence to the …
Commercial Bank of Dubai commits to carbon neutral operations by 2030
Dubai – To combat climate change and advance the UAE’s sustainable future, Commercial Bank of Dubai (CBD) announces its commitment to carbon-neutral operations by 2030. Further, the commitment …
Digital Dubai warns of phone hacking operations via the “WhatsApp” application
The Dubai Digital Authority has warned of phone hacking operations via the WhatsApp application, as fraudsters attempt to seize data and request bank card information. The authority said in its …
‘There are several compelling reasons to maintain a bullish outlook on the Dubai real estate market’ – Samana Developers CEO
The Central Bank of the UAE rules caps off-plan mortgages at a maximum of 50 percent. Otherwise, banks in Dubai are displaying a significant appetite for lending and providing suitable products to …
Emirates NBD Bank hires banks for debut green bond issue -document
(Reuters) – Emirates NBD Bank has mandated banks to arrange a global investor call on Monday as it prepares to issue its debut green bond, a document showed on Monday. Dubai’s largest lender has hired …