Financial analysts, even before this Adani buzz, were already predicting that the overall financial wealth sitting in Dubai and the rest of the United Emirates will hit $1 trillion in 2026, up from …
Dubai realty market continues to grow strongly in 4th quarter
With a nearly 1.8 per cent price increase in October and a similar trend in November, the Dubai property market is heading for a strong fourth quarter and end to the year as the investors …
Aramco’s Luberef to price $1.3bn IPO at top of the range
Luberef will therefore be valued at Sr16.7bn ($4.5bn) when it begins trading on the Tadawul. The IPO, which consists of a 30% stake sold minority shareholder Jadwa Industrial Investment Co, will raise …
School operator Taaleem prices Dubai’s latest IPO in Dh2.95-Dh3 range, floating 25.32%
With the IPO, investors get a chance to join in. Image Credit: Supplied Dubai: The Dubai-based school operator Taaleem has set a price range of Dh2.95-Dh3 a share for its IPO, which will see the …
Dubai unveils $56bn budget for 2023-25; big spend on housing
In his capacity as Dubai ruler, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the emirate’s general budget for the fiscal cycle of 2023-2025, …
Dubai approves $56bn budget to 2025
Dubai plans to spend $18.3bn in 2023 Dubai approves $56bn budget to 2025 Dubai, Dubai budget, Dubai business, Dubai economy Politics & Economics …
Dubai: Sheikh Hamdan checks on progress of Etihad Rail mega project that will link all 7 emirates
The public got a first glimpse of the train when it rolled in with passengers during the epic show for UAE National Day …
Mohammed approves Dhs205 billion Dubai budget for 2023-25
The budget cycle came to meet the aspirations of the future and confirm Dubai’s determination to continue developing and stimulating entrepreneurial activities, attracting more foreign investments, …
38 Emirati banking professionals join EIBFS Leadership Program at Said Business School, Oxford University
The 8-day residential program was designed by EIBFS and Oxford University to train and develop outstanding leaders in the financial services industry from the Middle-East Region through three …
Dubai real estate market sees another high on Wednesday with AED2.5bn deals
Wednesday’s property deals included 626 sales transactions worth AED1.54 billion, 102 mortgage deals of AED702.39 million and 49 gift deals amounting to AED270.94 million Dubai real estate market sees …
Dubai records over $680mln in realty transactions on Wednesday
DUBAI: Dubai real estate market recorded 626 sales transactions worth AED1.54 billion, in addition to 102 mortgage deals of AED702.39 million, and 49 gift deals amounting to AED270.94 million on …
UAE stock markets close Wednesday’s session in red zone
The main index of Dubai Financial Market (DFM) lost 1.01 points (0.03%) to close Wednesday’s session at 3,338.88 points. A total of 188.83 million shares were exchanged at a value of AED 334.86 …
UAE property: ‘Should a tenant pay cooling fees if they are not included in the contract?’
I rent an apartment in a building within the Dubai Financial Centre and the landlord was responsible for paying the cooling fees as part of the annual service agreement. However, the building’s …
Dubai records over AED2.5 bn in realty transactions Wednesday
Dubai real estate market recorded 626 sales transactions worth AED1.54 billion, in addition to 102 mortgage deals of AED702.39 million, and 49 gift deals amounting to AED270.94 million on Wednesday, …
UAE Central Bank imposes $525,000 fine on exchange house for compliance failure
The banking regulator imposed a fine of Dh1.92 million ($525,527) on the exchange house in accordance with the law on anti-money laundering, combating the financing of terrorism and the financing of …
UAE Central Bank imposes financial sanction on UAE exchange house
The financial sanction, amounting to Dhs1,925,000, is the result of the findings of an examination conducted by the CBUAE, which revealed that the exchange house failed to obtain letters of no …
Central Bank of UAE imposes $524m fine on exchange house for compliance failure
The Central Bank of the UAE has penalised an exchange house operating in the country for failing to achieve the appropriate levels of compliance with anti-money laundering regulations.