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Category: FINANCE

Posted on 02/09/2023

Dubai Financial Market sees $37.1bn of shares traded this year

Dubai Financial Market has seen shares worth AED136.4bn ($37.1bn) traded so far this year. In the first eight months of the year, 29 brokerage firms listed on the DFM exchange conducted more than …

Posted on 01/09/2023

UAE shares mixed ahead of US jobs data; oil extends gains

Stock markets in the United Arab Emirates were mixed on Friday, with Dubai’s benchmark index rising ahead of U.S. jobs data as investors expect the figures will sway the Federal Reserve to pause rate …

Posted on 01/09/2023

Dubai rents only going up, ‘bad news’ for tenants as UAE population booms

As more residents adopt a long-term perspective on living in Dubai, homeownership will likely increase. This is in addition to favourable mortgages and policies by Dubai Land Department, as well as …

Posted on 01/09/2023

UAE economy to grow 3.9% next year: forecast

The financial analyst forecasts the UAE’s gross domestic product (GDP) will grow 3.5 percent in 2023, rising to 3.9 percent in 2024.

Posted on 31/08/2023

Dubai plans DIFC law changes

Dubai International Financial Centre proposes new laws as it aims to keep in line with international best practice …

Posted on 31/08/2023

Corporate TAX: UAE Aligning Its Strategies With Global Trends

Experts argue that the new corporate tax regime reaffirms UAE’s commitment to meeting international standards for transparency and preventing harmful tax practices …

Posted on 31/08/2023

Corporate spend management leader Pluto to offer cards to employees of UAE businesses across the entire GCC and Egypt

The financial products on its platform are provided by its regulated partners in the region …

Posted on 31/08/2023

ICEBERG Financial Announces Expansion in the Mena Region, Ready to Embark on a New Journey from Dubai

ICEBERG Financial, a globally recognized investment consultancy firm, is thrilled to announce its recent expansion in the Middle East and North Africa (MENA) region. As a part of the company’s …

Posted on 31/08/2023

DIFC: Spanish finance giant Alantra opens Dubai office

Alantra, the independent global mid-market financial services firm headquartered in Spain, has opened a new office in Dubai International Financial Centre (DIFC). The firm will provide investment …

Posted on 31/08/2023

UAE Minister of State For Financial Affairs Mohamed Al Hussaini explores collaboration in financial services with UK Trade Envoy

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met with Gareth Johnson MP, UK Trade Envoy to the UAE, at the Ministry of Finance’s Dubai office, and discussed with him boosting …

Posted on 30/08/2023

Emaar plans a hike in dividends in 2023, no IPO for noon: Mohamed Alabbar

He added that “noon Minutes”, a fast e-commerce delivery service, and “noon Food”, a food delivery service, have gained significant traction in Dubai, Abu Dhabi, Sharjah, and Saudi Arabia since their …

Posted on 30/08/2023

Mohamed Al Hussaini explores collaboration in financial services with UK trade envoy to the UAE

UK Trade Envoy to the UAE, at the Ministry of Finance’s Dubai office. They discussed boosting collaboration in financial services. Both parties highlighted the rooted diplomatic relationship between …

Posted on 30/08/2023

Emiratis shine in UAE’s thriving banking sector

The UAE is renowned for its vibrant economy and flourishing banking sector, which is considered the cornerstone of its financial stability. Over the past few decades, the UAE has experienced …

Posted on 30/08/2023

UAE Nationals grab more opportunities at Commercial Bank of Dubai

Commercial Bank of Dubai (CBD) aims to attract and develop UAE Nationals at all levels to create a talent pipeline for the future, says its senior official. Sultan Al Mahmood, Chief Human Resources …

Posted on 30/08/2023

Addleshaw Goddard continues Middle East expansion drive with banking team hire

Dubai, United Arab Emirates: Addleshaw Goddard has followed up recent hires in the Middle East in Finance, M&A, Technology and Investment Management & Funds with the arrival of Banking and Finance …

Posted on 30/08/2023

A&O Shearman Merger Brings Surprise Role for UAE Dealmaker (1)

A shakeup inside Allen & Overy has unexpectedly landed an Abu Dhabi dealmaker a key role as the firm looks to close a merger with Shearman & Sterling designed to secure its future.

Posted on 30/08/2023

Commercial Bank of Dubai Implements Freshworks to Digitize and Enhance Customer Service

Freshworks Inc. (NASDAQ: FRSH), today announced that Commercial Bank of Dubai (CBD), a leading banking institution in the UAE, has enhanced its customer service operations with the implementation of …

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