The UAE is witnessing rapid growth in its mega projects, spanning vital sectors such as infrastructure, renewable energy, and real estate development, in line with a strategic vision that places …
World Bank cloud computing working group meeting reinforces Dubai’s ambition to drive digital innovation and strengthen cybersecurity
The working group’s meetings and workshops played a key role in shaping a global strategy for cloud computing applications over the next five years …
Indonesia, UAE seek to strengthen economic partnership
Indonesian Finance Minister Sri Mulyani Indrawati and Minister of Energy and Infrastructure of the United Arab Emirates (UAE) Suhail Mohamed Al Mazrouei …
Dubai Financial Market achieves total revenues of $172mln in 2024
DUBAI: Dubai Financial Market Company today announced its consolidated results for the fiscal year ending on 31st December 2024, highlighting a 24 percent increase in net profit (pre-tax) to AED409.3 …
Mashreq Bank lifts Dubai, Abu Dhabi edges up
Stock markets in the United Arab Emirates closed higher on Friday, with Dubai leading the charge, driven by gains in banking stocks.
Middle East’s 1st Blue Bond lists on Nasdaq Dubai by DP World under $10bln programme
UAE: Nasdaq Dubai has welcomed the Middle East and North Africa’s first corporate Blue Bond listing, of a $100 million by DP World, according to a press release. The listing comes under DP World’s $10 …
Dubai’s Fintech Galaxy to test open banking in Jordan
Dubai-headquartered Fintech Galaxy has become the first open banking company to receive regulatory approval in Jordan.
Dubai Financial Market hit $247bn in 2024 as 138,00 new investors added
Dubai Financial Market Company has announced its consolidated results for the fiscal year ending on December 41, 2024, highlighting a 24 per cent increase in net profit (pre-tax) to AED409.3m ($111.4m …
Dubai Financial Market achieves total revenues of AED632.3 million in 2024
Dubai Financial Market Company today announced its consolidated results for the fiscal year ending on 31st December 2024, highlighting a 24 percent increase in net profit (pre-tax) to AED409.3 million …
Nasdaq Dubai welcomes Middle East’s first $100 million Blue Bond listing by DP World
Nasdaq Dubai welcomed Middle East and North Africa’s first corporate Blue Bond listing of US$100 million by DP World, a leading provider of global end-to-end supply chain solutions.Issued under DP …
Maktoum Bin Mohammed discusses boosting UAE’s financial sustainability
His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, chaired a meeting …
DFSA co-leads report on AI’s impact in financial services
The report, prepared alongside UK’s FCA, provides key insights on the use of consumer-facing AI in global financial services …
Property Buyers In Dubai Will Have To Pay 6% Higher Upfront From February 1
Effective February 1, property buyers in Dubai seeking a mortgage will no longer be able to finance the 4% fees from the DLD and the 2% brokerage fees.
Does Nice One’s IPO set a benchmark for beauty and e-commerce deals in the GCC?
Nadine Nassar, Counsel at the law firm Baker McKenzie, Saudi Arabia, which advised the online beauty retailer on its IPO, said its success was a strong indicator that the beauty, lifestyle and …
UAE Central Bank maintains interest rates unchanged at 4.40%
This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances unchanged …
Shares of Dubai’s Emirates NBD set for worst day in 5 years after flat quarterly earnings
Emirates NBD , Dubai’s biggest bank by assets, reported a flat fourth-quarter net profit, slightly missing estimates as investments to “drive future growth” offset higher income and lower impairment …
UAE banking sector assets surge to Dh4.46 trillion
The UAE banking sector, the largest in the Middle East, recorded a big surge in assets in 2024, reaching Dh4.457 trillion at the end of November 2024, comp..