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Category: FINANCE

Posted on 20/10/2023

UAE is witnessing growing momentum in the economic, financial and investment sectors: Abdullah bin Touq

The emirate’s leadership’s directives consolidate the country’s position as a global economic link; The UAE is a destination that brings together major international companies, economic events, …

Posted on 20/10/2023

Climate Bonds Initiative CEO: UAE poised for green issuance surge ahead of COP28

The CB Initiative CEO pointed to the role of the UAE in promoting sustainable finance principles, noting that the country has become a hub for emerging market financing. He stressed the need to …

Posted on 20/10/2023

UAE Banks Federation CEOs Consultative Council confirms sector’s ability to continue to grow

The Council members commended the initiatives and continuous efforts undertaken by the Federation with the direct supervision of Central Bank of the UAE …

Posted on 20/10/2023

$840 billion global bank Standard Chartered sets sights on crypto custody services in Dubai

Standard Chartered is taking purposeful strides in the cryptocurrency sector. The London-based banking giant has unveiled plans to launch Bitcoin and ether custody services in Dubai by the first …

Posted on 20/10/2023

Airtel Money and TerraPay to offer mobile money services for Tanzanian customers traveling within the UAE

Airtel Money Tanzania in partnership with TerraPay, a cross-border payments network, has launched an international remittance service enabling Airtel Money customers in the United Arab Emirates (UAE) …

Posted on 20/10/2023

Ajman Bank unlocks agility and innovation with codebase technologies’ Digibanc Platform at GITEX Global 2023

This collaboration is geared towards unlocking enhanced customer value, streamlining operations, and driving increased revenues through state-of-the-art innovation …

Posted on 20/10/2023

Dubai Law Firm Prepares for the Future with Dedicated Department for AI and Metaverse Cases

Dubai-based Araa Advocates Group is at the forefront of embracing emerging technologies, establishing a dedicated department to address legal cases related to technology and artificial intelligence.

Posted on 20/10/2023

Remote jobs in UAE: Why country is one of best in the world for virtual working

Global report lists factors that make the Emirates a preferred destination for those with flexible working conditions …

Posted on 19/10/2023

UAE Core Banking Solutions Market Opportunity Analysis And Industry Forecast, 20202027

UAE Core Banking Solutions Market Opportunity Analysis and Industry Forecast, 2027. UAE Core Banking Solutions Market Opportunity Analysis and Industry For …

Posted on 19/10/2023

My Own Home: Dog lovers pay off mortgage for Dh900,000 Dubai Production City apartment

My Own Home takes you inside a reader-owned property to ask how much they paid, why they decided to buy and what they have done with it since moving in Property owner Chris Romaine is a 41-year-old …

Posted on 19/10/2023

UAE’s biggest bank FAB’s Q3 net profit jumps 46%; beats estimate

The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q3 2023 net profit of 4.3 billion dirhams ($1.17 billion), 46% higher year-on-year (YoY) The effort beat the analysts’ mean estimate of AED …

Posted on 19/10/2023

UPDATE 1-UAE’s top bank FAB beats estimates with 46% rise in Q3 profit

First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender by assets, on Thursday reported a 46% jump in third-quarter net profit, beating analysts’ expectations, on higher income from …

Posted on 19/10/2023

This TikToker told her followers to ‘never date broke men’ — and got blasted for it. Here’s what the numbers say about marriage and money in the US

In the video, Sofia urges her followers to “never date broke men.” With a soundtrack featuring a woman’s voice singing, “Thank you to my man,” the montage-style footage shows a series of aspirational …

Posted on 19/10/2023

Finance House Introduces The ‘Forsa’ Credit Card, Designed Exclusively For Emirati Citizens

With the introduction of Forsa, UAE nationals gain the unprecedented opportunity to consolidate their credit card debts into a single card, unlocking substantial savings on interest rates paid on …

Posted on 19/10/2023

UAE’s Cop28 Business and Philanthropy Forum forges partnerships to drive climate action

The UAE’s Cop28 Business and Philanthropy Climate Forum has forged new global partnerships to explore how the private sector can help bridge the $3 trillion gap in financing required annually to …

Posted on 19/10/2023

UAE’s top bank FAB Q3 profit up 46%, beats estimates

First Abu Dhabi Bank (FAB) reported a 46% jump in third-quarter net profit on Thursday, beating analysts’ expectations, on higher income from interest payments as customers paid more to borrow.

Posted on 19/10/2023

UAE mega-bank FAB delivers record 9-month net profit 2023 of Dh12.4b

Its 9-month ’23 revenues at Dh20.5b as UAE banks look to another strong quarter numbers Dubai: UAE’s biggest bank FAB’s net profit put in another hot streak, helping propel the nine-month total to …

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