5 Tips to Quickly Get Rid of Debt in UAE

In times of necessity, and also luxury, a personal finance or credit card can provide a lot of support. Unfortunately, accessing easy credit can also lead to an error in judgement, and eventually excessive debt. For some years, debt has put both UAE ... ( read original story ...)

Nineteen UAE banks post AED 10.7 billion net profit during Q1

Of the 19 banks, seven banks listed on the Dubai Financial Market made net profits of AED 4.7 billion during Q1 2018, a growth of 27 per cent from 3.7 billion, during the same period last year and 12 banks listed on the capital's bourse booked AED 6.00 ... ( read original story ...)

Dubai tops global real estate with 8pc rental returns

Dubai currently leads the global real estate sector in terms of investment locations among the major cities, with returns averaging 7-8 per cent per annum, compared to the best performing cities in the world, according to a report by Private Finance ... ( read original story ...)

Dubai index surges nearly 2%, Tadawul leads gains

The Dubai Financial Market General Index closed 1.89 per cent higher at 2,964.13. Dubai Islamic Bank closed 5.85 per cent higher to Dh5.07. Emaar Properties closed 2.16 per cent higher to Dh5.20. Emaar Development closed nearly 1 per cent lower to Dh5.30. ( read original story ...)

Did the UAE have a chance at making the World Cup and blew it?

So why has the UAE not had that much success? Is it due to a lack of financial commitment to the team’s development? This lack of success could be due to several factors that can be mitigated with the right investments. World-famous Egyptian player ... ( read original story ...)

Expat remittances from the UAE up 17% in Q1

Remittances by expats in the UAE, mostly Indian workers, rose over 17% in the first quarter of this year. They remitted AED43.5 billion in the first three months of 2018 compared to AED37.1bn last year, reported Wam news agency based on figures by the ... ( read original story ...)

Report: Li rejected Milan bid

Both the club and owner are in debt to U.S hedge fund Elliott Management ... Today La Repubblica is reporting that Li rejected a €450m bid from Dubai, thought to be Mohamed Al-Falasi, which would have settled the Elliott debt. Yonghong Li, Han Li ... ( read original story ...)

Fall in Dubai gold price continues today, time to buy?

22k gold in Dubai is priced at Dh147 and buyers can buy 24k for ... fell 0.1 percent to 855.28 tonnes on Friday. Hedge funds and money managers cut their net long position in COMEX gold contracts by 21,294 contracts to 31,327 in ... ( read original story ...)