The size of UAE outstanding debt capital market (DCM) rose 10 per cent year-on-year, a new report showed.According to Fitch Ratings’ UAE Debt Capital Markets Dashboard: 2024, the figure rose to $270 …
Dubai Customs successfully processed over 30.4mln transactions in 2023
In collaboration with the Dubai Government’s Finance Department, Dubai Customs has automated notifications for customs-imported transactions subject to tax between government entities. This initiative …
Dubai Islamic Bank reports net profit of $1.9bln, up 26% YoY
DUBAI: Dubai Islamic Bank today announced its results for the period ending December 31, 2023 and reported a robust rise in total income by 43% YoY to AED20 billion. Net profit of AED 7 billion, a …
Founders of Wise and Skype raise $436 million to build tech giants in Europe
Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.
How Lord Cameron rolled out the red carpet for the UAE
Meanwhile, Adam Atashzai, his former deputy political director, is now one of Mr Sunak’s senior advisers, while Laura Trott, who was one of Lord Cameron’s special advisers, is now in the Cabinet as …
17 fully redeemable pool and beach days in Dubai
Fully redeemable pool and beach days are the way to go. We’ve rounded up twelve of the best deals offering fully redeemable credit on food and beverages in Dubai. Whether you want to experience luxury …
Why corporate tax is good for the UAE economy
UAE has set up strict penalties to ensure compliance with corporate tax regulations Expert tax consultants from across the UAE addressed attendees at the ‘Doing Business in the UAE’ seminar in Dubai …
New Zealand crowned Abu Dhabi SailGP champions
Thousands of fans descended on the shores of Mina Zayed for this weekend’s Mubadala Abu Dhabi Grand Prix presented by Abu Dhabi Sports Council as the seventh event in the international calendar …
Startup Spotlight: Abu Dhabi-Based Hulexo Is Here To Reduce Operational Bottlenecks For Small Businesses
Hulexo was thus launched in 2021 in Abu Dhabi as an ERP platform that helps retailers streamline operations and make smarter decisions with an AI-powered decision recommendation engine. And at its …
This Mercedes-Benz 300 SL Gullwing Restomod Went to Dubai, the Owner Had a Special Request
Someone from Dubai commissioned a Mercedes-Benz 300 SL Gullwing restomod and had a very special request. The model has just been shipped
Dubai real estate sector records $946m of transactions on Tuesday
The Dubai real estate sector recorded transactions worth AED3.48 ($946m) bn on Tuesday, January 23 according to data from the Land Department. In total there were 510 sales transactions, worth …
Orbital Spectrum Clash
Satellite operators mostly held off attempts from terrestrial telcos to encroach on their radio waves at the 2023 World Radiocommunication Conference (WRC-23) in Dubai, but a battle between orbits …
U.S. bracing for tougher satellite radio wave negotiations
“We’re going to see, I think, a lot more satellite-related issues,” Deputy Assistant Secretary … Lang led a U.S. delegation of nearly 200 people at WRC-23 in Dubai, an event the United Nations’ …
UAE agrees almost Dh1 billion of deals on opening day of Abu Dhabi’s Umex
The UAE’s Ministry of Defence signed deals worth nearly Dh1 billion on the opening day of a major Abu Dhabi event showcasing advances in autonomous aerial technology and artificial intelligence.The …
VIDEO: UFC legend Khabib Nurmagomedov teaches Erling Haaland Arabic! Former MMA champion links up with Man City stars at Abu Dhabi warm-weather training camp as Norwegian …
Khabib met Manchester City stars in Abu DhabiTaught Arabic to Haaland, Rodri and EdersonMan City set up warm-weather training in Abu Dhabi WHAT HAPPENED? Former UFC champion Khabib …
UAE debt capital market prospects in 2024 positive, says Fitch
“UAE sukuk issuers’ credit profiles are predominantly stable, with 96.5% of the sukuk being investment grade and 92% on stable outlook, with the balance on positive outlook,” said Bashar Al Natoor, …
Dubai Islamic Bank’s 2023 profit climbs 24% on higher revenue
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a 24.1 per cent increase in 2023 fiscal net profit, driven by rising non-funded income and lower impairment charges.