The new Experience Centre aims to provide a more immersive experience Dubai: The Dollar Business (TDB), a multinational trade intelligence platform already serving thousands of clients across 45 …
UAE national banks’ credit facilities to businesses top $4.24bn in Q1
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE national banks’ credit facilities to businesses top $4.24bn in Q1
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE: Gold prices jump nearly Dh2 per gram in early trade
Gold prices continued their upward trend in UAE, rising by nearly Dh2 per gram at the opening of the markets on …
UAE to retain top spot as preferred destination for wealthy expats
Furthermore, the report unveiled the list of top 10 countries that expect the highest net inflows of millionaires in this year and ranked the United States in second place, right under the UAE. According to the report, the gulf country is set to welcome …
UAE leads GCC in foreign capital, with inflow of $680.4mln in May
The UAE led the region with foreign capital net inflows of $680.4 million in May, rebounding from the previous month that saw the country follow a GCC-wide negative trend, stemming from escalating tensions in the Middle East and the challenging global economic climate, including higher interest rates.
UAE biggest wealth magnet for third straight year
The UAE is set to lead for the third year in a row as the world … at $10bn two years ago but are now worth $12.5bn if not more given the 25pc increase in property prices in the emirate. Millionaires …
UAE To Remain Fastest Growing Economy In GCC In 2024 And 2025
James Swanston, economist for the Mena region at Capital Economics, projected that the UAE’s GDP will grow 3.3 per cent this year and 5.5 per cent in 2025, surpassing its Gulf peers as well as wider regional countries. Stay up to date with the latest news. Follow KT on WhatsApp Channels.
Old report about overseas Filipino workers with HIV falsely linked to Dubai
A news report from 2011 about HIV infections among Philippine migrant workers has resurfaced in TikTok posts viewed hundreds of thousands of times that falsely linked it to Dubai. The original report …
UAE national banks provided $4.25bln in credit facilities to business, industrial sectors in Q1-24
The apex bank’s figures showed that the two sectors saw a 2.1 percent rise in cumulative credit balance to AED757.4 billion by the end of March 2024 …
First Abu Dhabi Bank bolsters CLM operations with Fenergo
First Abu Dhabi Bank (FAB) the largest bank in the UAE, has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) …
Fintech firm aims to grow loan portfolio to $2B in next 5 years
Financial technology firm Salmon Group Ltd. said on Wednesday it is eyeing a significant increase in its loan portfolio in the next three to five years. “What I can share is where we want to be in …
UAE’s Bold Leap into AI: From AI Ministers to World-Class Universities
Steps have already been taken to turn their aspirations into a reality, including making the UAE the first country to appoint the first AI minister in the world in 2017. AI is going to be yet another …
How Hydrogen Will Trade in the Commodity Markets of the Future
Transitioning hydrogen from its current deployment – produced from … and the European Energy Exchange (EEX). He recently relocated to Dubai to launch ZETA in the Middle East. Related: India’s New …
Abu Dhabi announces $2,720 fines and business closures for unlicensed influencer adverts
Abu Dhabi will fine firms up to $2,720 if they collaborate with social media influencers without the correct licences in place. Abu Dhabi Department of Economic Development (ADDED) has called upon all …
Closure, fines of up to Dh10,000: Abu Dhabi firms warned against illegal contracts with social media influencers
A uthorities in Abu Dhabi are calling on all licensed economic establishments in the emirate to comply with guidelines related to partnerships with social media influencers. Failure to do so will …
Abu Dhabi: Fines up to Dh10,000 in penalties for unlicensed influencer collaborations
Social media influencers must obtain a license from ADDED to offer advertising services Abu Dhabi: The Abu Dhabi Department of Economic Development (ADDED) issued a circular today urging all licensed …