Dubai International Financial Centre (DIFC) anticipates a record number of businesses to establish themselves in the Middle East’s economic hub, drawing in major hedge fund players like Millennium …
UAE Ministry of Finance make framework to enable better public-private partnerships
The Ministry of Finance is committed to enhancing public-private partnerships and recognises the significant role that such collaboration plays in the socio-economic development of the UAE. It also …
UAE bank fraud: Criminals increasingly focusing on contactless transactions
Abu Dhabi resident Nadeen Awwad encountered a case of fraud involving her First Abu Dhabi Bank credit card on April 6. Three unauthorised contactless payments totalling about Dh10,500 ($2,859) were …
Dubai FinTech Summit concludes with over 8,000 visitors from 118 countries
The 2nd edition of Dubai FinTech Summit (DFS) organised by Dubai International Financial Centre (DIFC), under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First …
Dubai announces major projects: $4.6bn commercial transport strategy, remote work to slash traffic jams, data economy boost, new community policy
Dubai has approved plans to transform transportation … the Supreme Legislation Committee, and the Department of Finance, the Community Engagement Policy is based on the principles of inclusivity, …
UAE: Burjeel holdings reports revenue growth of 11.1 per cent in Q1 2024
Burjeel Holdings PLC today announced its financial results in accordance with International Financial Reporting Standards (IFRS) for the three-month period ended 31st March 2024, delivering revenue …
Commercial Bank of Dubai Names QualityKiosk as Exclusive Partner to Develop CBD’s Testing Centre of Excellence as part of its Technology Strategy Refresh Initiative
Commercial Bank of Dubai names QualityKiosk its exclusive quality & reliability engineering partner to accelerate its Technology Refresh Initiative.
John Wood Group rebuffs takeover offer from Dubai-based rival Sidara
John Wood Group rebuffs takeover offer from Dubai-based rival Sidara – The London-listed company said the offer ‘undervalued Wood and its future prospects’ in a Wednesday update.
Engineer Wood Group rejects £1.4bn bid from Dubai rival; TSB to shut 36 branches – as it happened
High street bank TSB has revealed plans for 250 job cuts, prompting anger from unions including Unite, which called the move a “grave mistake”. The cuts will primarily affect staff in fraud operations …
Sheikh Ahmed addresses the question of an Emirates IPO
Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates airline and Group addressed this question during a media briefing at the Arabian Travel Market on Tuesday. Sheikh Ahmed speaking to …
Dubai tops growth among world’s wealthiest cities as millionaire population soars
With over 166,000 resident millionaires today, Dubai’s rise testifies to its pro-business policies and welcoming stance towards capital, factors that will propel it up future rankings, an expert says …
Commercial Bank of Dubai names QualityKiosk as exclusive partner to develop CBD’s testing centre of excellence
QualityKiosk Technologies (QK), a global leader in reliability engineering solutions, is broadening its partnership with Commercial Bank of Dubai (CBD) to enhance the bank’s digital experiences to its …
Saudi staffing company SMASCO plans to raise $240 mln in IPO
DUBAI, May 8 (Reuters) – Saudi Arabian staffing company SMASCO aims to raise as much as 900 million riyals ($239.99 million) in its initial public offering on Riyadh’s main bourse, it said on …
UAE finance ministry announces new law to expand public-private partnership projects
By utilising private capital, expertise, and management skills, the government hopes to both expand available financial resources for projects and reduce timeframes for implementation …
Dubai Financial Services Authority see 40% surge in new license registrations
owing to Dubai’s established status as a regional financial center, highlighting that the center accommodates over 40,000 professionals, in addition to those working in finance outside the center. The …
UAE Ministry of Finance establishes framework to enable sustainable public-private partnerships
It also enhances sustainable economic development and achieves comprehensive prosperity for all members of society …
National Bank of Fujairah invests in innovative cloud-based data platform
Dubai – National Bank of Fujairah (NBF) has partnered with Snowflake to use its cloud-based data platform, enabling the bank to extract better insights and reports from its data. The collaboration is …