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Category: FINANCE

Posted on 17/04/2023

Minister sees inflation easing as UAE’s outlook remains robust

Dubai saw its annual inflation rate rising to 4.9 per cent … driven by an increase in prices of restaurants and accommodation services and insurance and financial services which went up by 4.47 per …

Posted on 17/04/2023

Dubai’s financial hub unravels tales of creativity by local, international artists

“Over the years, DIFC has established itself as a leading art hub, and bringing back the DIFC Sculpture Park for a second year reaffirms our commitment to supporting Dubai’s art and culture vision,” …

Posted on 17/04/2023

UAE bank ADCB quarterly net profit up 27%

Abu Dhabi Commercial Bank , the UAE’s third-biggest lender, reported a 27% rise in first-quarter net profit, boosted by higher net interest and non interest income.

Posted on 17/04/2023

ADCB, Al Hilal Bank brings UK digital banking to UAE nationals

Nomo is part of BLME, a subsidiary of Boubyan Bank, and was set up to bring high-quality, Shari’ah-compliant digital banking to non-UK residents in the Middle East ADCB, Al Hilal Bank brings UK …

Posted on 17/04/2023

UAE residents can now send money to and from the UK with no fees

So, if you’re a customer in the UAE, you can now open a UK-based multi-currency current or savings account. You can also apply for UK home financing from your smartphone using the ADCB-Nomo and Al …

Posted on 17/04/2023

Fire in Dubai kills 16, injures nine in apartment

A fire swept through an apartment building in an older neighbourhood of Dubai in the United Arab Emirates, killing at least 16 people and injuring another nine, authorities said Sunday. At least four …

Posted on 16/04/2023

ADCB and Al Hilal Bank signdeal with BLME

ADCB and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced an innovative new partnership with Bank of London and the Middle East (BLME) …

Posted on 16/04/2023

UAE participates in MENAP Finance Ministers and Central Bank Governors Meeting

The United Arab Emirates, represented by the Ministry of Finance, participated in the meeting of finance ministers, central bank governors, and heads of regional financial institutions in the Middle …

Posted on 15/04/2023

UAE participates in International Monetary and Financial Committee meeting

The meeting discussed the latest developments in the international monetary and financial system, and ways to achieve stability and global economic recovery.

Posted on 15/04/2023

UAE participates in the monetary and financial committee meeting

The UAE, represented by the Ministry of Finance, participated in the International Monetary and Financial Committee (IMFC) meeting, which was held on the sidelines of the 2023 …

Posted on 15/04/2023

UAE confirms $1bn support to unlock IMF bailout: Ishaq Dar

Finance Minister Ishaq Dar said on Friday that the United Arab Emirates (UAE) has confirmed to the International Monetary Fund (IMF) that it will provide support of $1 billion to Pakistan.’UAE …

Posted on 15/04/2023

UAE Banks Federation Board Of Directors Affirms Strength Of UAE Banking Sector To Continue Growth

UAE Banks Federation Board of Directors Affirms Strength of UAE Banking Sector to Continue Growth

Posted on 15/04/2023

UAE Participates In Second Finance Ministers And Central Bank Governors Meeting Under G20 Finance Track For 2023

The meeting was held to review the progress made by the Finance Track and discuss the views of the G20 members on the priorities and goals set by the Indian presidency for this year. The UAE …

Posted on 14/04/2023

UAE participates in meeting of finance ministers and central bank governors in Washington

A UAE delegation has participated in the second finance ministers’ and central bank governors’ meeting of the G20 Finance Track for 2023. The meeting was held on the sidelines of this year’s spring …

Posted on 14/04/2023

The UAE participates in the second finance ministers and central bank governors meeting under the finance track of the G20

The meeting was held on the sidelines of the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund

Posted on 14/04/2023

The UAE participates in the Second Finance Ministers and Central Bank Governors Meeting

Undersecretary of Ministry of Finance participated in the G20 Finance Deputies meeting that was organised by the India presidency to discuss the progress made by MDBs in the implementation of the Capital Adequacy Framework

Posted on 14/04/2023

Dubai Police bust international gang of robbers targeting villas and bank clients

The operation involved putting the gang members “under the microscope,” meticulously monitoring their movements and activities both within and outside the country.

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