The Emirates Institute of Finance (EIF), the leading independent training institute offering world-class education, training, and allied services in banking and finance, has partnered with Oxford …
Dubai stocks surge to highest since 2015, buoyed by property stocks
Dubai’s main share index, DFMGI, rose to 3878.52, the highest the index has notched since 2015, driven by a 10% jump in Union Properties and a 9% gain in Emaar Development, the build-to-sell property …
IndusInd bank promoter IIHL to raise up to $1.5b to fund RCap buy, boost stake
I ndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank, India’s fifth-largest private bank, is raising capital by up to $1.5 billion to meet its strategic global expansion.
UAE Ministry of Finance releases annual report highlighting remarkable achievements in 2022
The Ministry of Finance (MoF) announced its annual report for the year 2022, titled “Remarkable Achievements Shaping Promising Financial Prospects.” The report highlights the MoF’s performance in …
UBF, the strategic partner of IDC Conference, says digital shift is consolidating UAE’s Banking industry leadership
This is in line with the directives of Central Bank of the UAE, which has adopted a comprehensive digital transformation strategy focusing on using the latest and pioneering technologies in data proce …
Mubadala-Backed UAE Lender Bulks Up With Ex-Citi, Natixis Hires
Abu Dhabi Commercial Bank PJSC has hired former Citigroup Inc. and Natixis SA bankers to key positions in recent months, joining peers who’ve added staff amid an uptick in dealmaking activity across …
Standard Bank and Huawei Mobile Services collaborate to empower digital banking solutions for clients in South Africa
Standard Bank, a leading financial institution in South Africa, has embarked on a strategic collaboration with HUAWEI Mobile Services (HMS) to provide cutting-edge digital banking solutions to its …
Ministry of Finance announces the annual report for the year 2022
Enhancing the quality of services The Ministry of Finance is committed to implementing the objectives of the UAE Strategy for Government Services as it is keen to provide individuals, businesses, and …
Dubai leads Gulf markets higher; Abu Dhabi falls as oil slips
Most major stock markets in the Gulf rose in early trade on Monday, with the Dubai index outperforming the region, although the Abu Dhabi index bucked the trend.
Dubai Financial Market adds 26,953 new investor accounts in first half
The market reportedly witnessed significant momentum since the announced listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (Dewa), the Tecom …
UAE economy will see strong growth in second half of 2023: forecasts
IMF, World Bank and Central Bank of the UAE make economic forecasts for 2023 UAE economy will see strong growth in second half of 2023: forecasts covid-19, IMF, IMF forecast, UAE, UAE economy, World B …
Dubai Financial Market adds 26,953 new investor accounts in first half of 2023
DUBAI, 1st July, 2023 (WAM) — Brokerage companies at the Dubai Financial Market added 26,953 new investor accounts in the first half of 2023. The market reportedly witnessed significant momentum …
Dubai Islamic Bank Introduces DIB ‘alt’, a New Virtual Banking Experience
The financial service provider announced the launch of DIB alt, “a full-fledged digital umbrella brand to house all of the bank’s digital offerings.” …
The Ultimate Guide to Investment Properties in Dubai: Tips, Trends and Opportunities
Dubai property investment has become a lucrative venture over the years as it offers a plethora of opportunities for investors seeking a unique combination of high returns and low risk in – Mediawire …
DP World Trade Finance wants to bridge the trade finance gap
Sinan Ozcan, senior executive officer of DP World Trade Finance – part of the company that handles around one-eighth of global trade volumes – talks to Euromoney about its plans to finance these …
UAE IPO boom to continue amid foreign investment and competitiveness push
The UAE’s momentum of initial public offerings will continue for a couple more years, as the country presses forward with measures to boost foreign investment and economic development that enhance its …
UAE banks’ funding to commercial, industrial sectors up 5.6%
As per the latest Central Bank of the UAE data on credit financing, the national banks increased their credit balance for the two sectors by $572mln or 0.3% in April …