The acquisition will help the e& group to tap into opportunities in the SME lending market UAE telecom group arm e& acquires majority stake in p2p financing platform Beehive Beehive, e&, Telecom, UAE …
UAE holds the Fifth Financial Dialogue with the Swiss Confederation
The dialogue aims to discuss means of bolstering strategic relations and bilateral cooperation in various development, economic and financial fields of common interest …
Commercial Bank of Dubai ’s net profits jump 33.5% in Q1-23
Dubai – Commercial Bank of Dubai (CBD) witnessed 33.40% year-on-year (YoY) higher net profits at AED 575.22 million in the first quarter (Q1) of 2023, compared to AED 431.33 million. The UAE lender …
Standard Chartered Partners with Dubai Fintech Summit to Drive the Future of Digital Financial Innovation
International banking group Standard Chartered has taken on host sponsorship of the Dubai FinTech Summit to be held in Dubai next week 8-9 May 2023. Organised by Dubai International Financial Centre …
Dubai records over AED 2.2 billion in realty transactions
Dubai real estate market recorded 440 sales transactions worth AED830.88 million, in addition to 113 mortgage deals of AED1.28 billion, and 22 gift deals amounting to AED100.85 million on Wednesday.
Dubai Islamic Bank okays acquisition of digital banking group in Türkiye
Dubai Islamic Bank’s board of directors has given the green light to acquire a 25% stake in a new digital banking group in Türkiye. Although …
Dubai Industrial City signs key strategic partnerships
The agreements will amplify local and regional opportunities for industrial growth through Dubai Industrial City’s purpose-built ecosystem …
UAE starts Q2 on strong footing as new businesses post 17-month high growth
Driven by the fastest growth in new business since November 2021, business conditions at private non-hydrocarbon sectors in the UAE improved at a sharp and..
Dubai FinTech Summit eyes $305bn market
Dubai FinTech Summit will focus on emerging finance sector as city looks to be global hub Dubai FinTech Summit eyes $305bn market DIFC, Dubai, fintech, fintech business, fintech companies, fintech …
Dubai investment bank Rasmala launches $2bn UK property strategy
Dubai-based Rasmala Investment Bank has launched a $2 billion, five-year strategy to create a portfolio of residential properties in the UK to cater to growing interest from GCC investors. The …
Dubai’s TECOM Q1 net profit jumps 34%; beats estimate
Dubai business park operator TECOM Group posted a 34% rise in Q1 2023 net profit to 255 million dirhams ($69 million) and expects to see growth continue for the rest of the year. The results easily …
Dubai telecom giant Du’s Q1 2023 net profit up 19%
Emirates Integrated Telecommunications Co., also known as Du, said on Wednesday its net profit for Q1 2023 jumped 19% to 370 million dirhams ($100.7 million) as the company added mobile and broadband …
Telr Payment Gateway a Bronze Sponsor at Dubai FinTech Summit 2023
Dubai: Telr, the award-winning online payment gateway, has announced its participation in the Dubai FinTech Summit 2023 as a Bronze Sponsor, which will take place on May 8-9, 2023, at the Madinat …
Dubai Islamic Bank to acquire 25% stake in Turkey digital bank
Dubai Islamic Bank, the UAE’s largest Islamic lender, said on Wednesday its board of directors has approved a proposal to acquire 25% stake in a new digital banking group in Turkey in line with its …
Dubai Chambers to Underscore Role of Dubai’s Private Sector Worldwide and Expand Global Reach at 13th World Chambers Congress
Dubai Chambers will underscore the role played by the emirate’s private sector worldwide and expand its global networks, bilateral trade and business reach during the 13th World Chambers Congress (WCC …
United Arab Emirates Embedded Finance Market Report: Sector Is Expected To Grow By 43.8% To Reach $2,384.7 Million In 2023
The united arab emirates embedded finance business and investment opportunities databook – 50+ kpis on embedded …
Dubai records over $462.9mln in realty transactions Tuesday
Dubai real estate market recorded 620 sales transactions worth AED1.35 billion, in addition to 94 mortgage deals of AED315.42 million, and 33 gift deals amounting to AED97.31 million on Tuesday, data …