A cohort of hedge funds, which rely on banks to execute and settle trades, faced disruptions as well. Hedge fund traders said they were facing connectivity and processing issues. Bloomberg terminals …
UAE markets close higher on strong corporate earnings
Stock exchanges in United Arab Emirates closed higher, as strong corporate earnings boosted investor sentiments.
UAE markets close higher on strong corporate earnings
Stock exchanges in United Arab Emirates closed higher, as strong corporate earnings boosted investor sentiments.
The Dubai princess who divorced her husband on Instagram
The Dubai princess who divorced her husband on Instagram – A social media post informing her husband she is divorcing him as gone viral. But what’s the story? Emma Loffhagen reports …
UAE biz conglomerate introduces UPI payments across outlets countrywide
A UAE-based business conglomerate has announced the acceptance of India’s Unified Payment Interface payments across its outlets in the country.
Hong Kong paves way for UAE listings, recognising Dubai, Abu Dhabi stock exchanges
Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East.
UAE foreign ministry says electronic systems working normally after cyber outage
The United Arab Emirates foreign ministry said on Friday that its electronic systems were functioning normally again following a global cyber outage that affected numerous countries around the world.
UAE and Seychelles sign MoUs to promote use of local currencies
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Caroline Abel, Governor of the Central Bank of Seychelles (CBS), …
UAE to link payments system with Indonesia and Ethiopia
The Central Bank of the UAE has agreed to link its payments system with Indonesia and Ethiopia. The plans with Bank Indonesia were announced on July 17, after the governors of the two central banks …
Trump company plans Dubai luxury tower with Saudi developer
Donald Trump already has several developments bearing his name in Dubai after a tie-up with developer Damac Group in 2015. His projects across the oil-rich Gulf region come as he once again became the …
UAE willing to join multinational force for Gaza
The comments by Lana Nusseibeh, special envoy to the UAE foreign ministry, come as Arab states and the west struggle to devise a viable postwar plan for Gaza. Nusseibeh told the Financial Times that …
UAE stock markets close Thursday in green zone
The benchmark index DFMGI of Dubai Financial Market (DFM) added 37.21 points (0.90%) at the end of Thursday’s session to close at 4,169.17 points. A total of 313.32 million shares were exchanged at a …
Dubai’s Amanat Holding to IPO education platform
Dubai-listed Amanat Holdings will proceed with an initial public offering (IPO) of its education subsidiary, the company said in a bourse statement on Thursday. Amanat, a healthcare, and education …
DIFC, Indonesia’s Nusantara to enhance financial cooperation
Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Indonesia’s Nusantara Capital Authority to enhance international financial cooperation. Essa Kazim, …
Amanat Holdings to list education platform in Dubai
DUBAI, July 18 (Reuters) – Dubai-listed Amanat Holdings (AMANT.DU), opens new tab will proceed with an initial public offering (IPO) of its education platform on the local bourse, a filing showed on …
Dubai’s Emirates Islamic posts record $450 million profit for H1 2024
“This year, Emirates Islamic proudly celebrates 20 years of serving the UAE. The bank’s strategic investment in technology and innovation contributed to Emirates Islamic being recognised as one of the …
UAE’s debt capital market likely to top $300bln in 2025: Fitch
The UAE is one of the largest US dollar debt issuers in emerging … growth over the past five years,” said Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings. However, the dirham …