PN Gadgil Jewellers plans to expand its presence in Maharashtra by opening 12 new stores by fiscal 2026. The company raised Rs 1,100 crore through an …
UAE: Loans, Mortgages Set To Get Cheaper As Interest Rates Likely Go Down
“The UAE is most likely going to follow in the footsteps of the Fed, which is expected to cut rates by 50 bps with a 67 per cent probability as per the CME FedWatch tool. The odds of 25 bps have …
India’s Gold Imports Surge to Record High in August
India’s gold imports doubled in August to USD 10.06 billion, driven by slashed customs duty and festive demand. This surge raises concerns about the India-UAE free trade agreement’s impact on gold …
DFSA, HKMA ink pact to deepen strategic partnership on sustainable finance
Through this partnership, both authorities will engage in enhanced cross-border dialogue, deepen the exchange of information on recent trends, and conduct joint research and events to further drive pr …
UAE banking sector’s liquid assets surpass AED 800bn in Q2 2024
The UAE banking sector’s liquid assets exceeded AED 800 billion by the end of Q2 2024, the latest data showed. This is a 20.2 per cent rise from the same year-ago period. According to the latest …
Upcoming IPO: Mumbai-based Fabtech Technologies files draft papers for IPO with SEBI
Fabtech Technologies Ltd has filed a draft red herring prospectus with SEBI for an IPO. The company, based in Mumbai, specialises in pharmaceutical equipment solutions and aims to raise funds for …
Over 50% of UAE residents ‘spend more than they earn’
A recently issued Financial Health Report for 2024 says 33.53% of the population are confident they will have enough money for retirement, while nearly 41% of the population have little to no …
GITEX Global 2024: world’s largest tech event announces GITEX Editions and all-new show highlights
Powerful sponsors, cybersecurity conference, and international keynote speakers; a glimpse of what’s in store at this 44th edition …
UAE banking sector’s liquid assets rise to Dh800 billion by end of Q2 2024
The liquid assets of the UAE’s banking sector exceeded Dh800 billion by the end of Q2 2024, according to the latest statistics of the Central Bank of the UAE (CBUAE). The value of liquid assets …
UAE banking sector’s liquid assets rise to $218bln by end of Q2-24
ABU DHABI: The liquid assets of the UAE’s banking sector exceeded AED800 billion by the end of Q2 2024, according to the latest statistics of the Central Bank of the UAE (CBUAE). The value of liquid …
GSB expands Dubai arm with double hire
Holding has joined as a partner of GSB Wealth from financial advice firm Abacus Financial Consultants in Dubai, where he was also a partner. He has over 19 years of experience in …
UAE’s Emirates NBD launches zero-fee equity trading for customers
Emirates NBD has introduced a new initiative enabling customers to invest in the UAE equity markets at zero transaction fees. According to the bank, this w..
Hong Kong, Dubai seek to strengthen ties on sustainable finance as climate risks mount
Global climate finance must increase by at least sixfold to US$8.5 trillion annually through 2030 to prevent global warming, a US non-profit says.
Bank of Sharjah sponsors the 2024 Sharjah Investment Forum in its 7th edition
Sharjah, UAE: Bank of Sharjah is proud to officially announce its sponsorship of the 7th edition of the Sharjah Investment Forum, organized by Sharjah FDI Office (Invest in Sharjah), which will take …
UAE central bank fines local bank Dhs5m for AML/CFT breaches
The UAE central bank said on Monday it fined a foreign bank operating in the country $1.4m (Dhs5m) for failing to sufficiently address money laundering and financing of terrorism and other related …
UAE Central Bank fines lender $1.36m for breaching anti-money laundering rules
The UAE Central Bank has fined a lender operating the country Dh5 million ($1.36 million) for breaching anti-money laundering regulations, as it continues its fight against illicit financial activity …
UAE fines foreign bank Dhs5m for money laundering breaches
The UAE central bank said on Monday it fined a foreign bank operating in the country $1.4m (Dhs5m) for failing to sufficiently address money laundering and financing of terrorism and other related …