The UAE participated in the second Infrastructure Working Group (IWG) meeting under the G20 Finance Track for 2023, which was held in Visakhapatnam, India, on the 28th and 29th March to discuss the …
UAE leadership change: Full details revealed
The UAE leadership change was made through a series of appointments on Wednesday UAE leadership change: Full details revealed Sheikh Hazza bin Zayed Al Nahyan, Sheikh Khaled Bin Zayed Al Nahyan, …
Dubai Financial Market introduces ‘Omnibus Accounts’ for investors
The Dubai Financial Market (DFM) launched the Omnibus Accounts structure for holding securities as a gateway to accessing investment opportunities for eligible investors for the benefit of more than …
Dubai records over AED2.8 bn in realty transactions Tuesday
Dubai real estate market recorded 504 sales transactions worth AED1.34 billion, in addition to 98 mortgage deals of AED1.26 billion, and 23 gift deals amounting to AED269.13 million on Tuesday, data …
IPO funds raised globally may have plummeted 61 per cent in first quarter amid banking crisis, high inflation, EY says
The IPO by Adnoc Gas, a unit of the UAE’s Abu Dhabi National Oil Company, is the world’s biggest IPO so far this year. It raised US$2.5 billion in an offering in Abu Dhabi in March. As far as Hong …
UAE, Saudi stock markets rise amid receding fears on banking collapse
The UAE and Saudi stock markets rose on Tuesday riding the improved investor sentiments, as fears of a global banking collapse have subsided. Rising energy prices have also lifted morale in the market, with the Dubai Financial Market hitting a 6-month high.
UAE: Bank of Singapore appoints Ranjit Khanna as global market head of Middle East and chief of Dubai branch
Former Union Bancaire Privée banker Ranjit Khanna is joining Bank of Singapore as its global market head of Middle East and chief executive of its Dubai International Financial Centre (DIFC) branch, …
International companies enter UAE market through Investopia
The UAE gross bank assets, including bankers’ acceptances … Measures taken by authorities to prevent a new global financial crisis appear to have calmed the markets following …
Ramadan in UAE: Sheikh Mohammed receives well-wishers from Emirati tribes
Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, and a number of sheikhs and …
Paymentology and Wio Bank PJSC Transform Banking Across the UAE
Paymentology, the leading global issuer-processor, has joined forces with Wio Bank PJSC, the region’s first platform bank, to power its innovative banking model with customer-centric card payment …
Finance Minister, UAE Envoy exchange views on further enhancing economic relations
Ambassador of the United Arab Emirates Hamad Obaid Ibrahim Salim Al-Zaabi called on Finance Minister Ishaq Dar in Islamabad today. They exchanged views on further enhancing economic and financial …
UAE: Gold prices drop as concerns about global banking crisis ease
Gold prices dropped on Wednesday as easing worries over a potential bigger fallout from the global banking crisis increased appetite for … per cent lower at $1,965.42 per ounce, as of 9.40 am UAE …
UAE bourses close in green on Tuesday
UAE stock markets have benefited from improved investor sentiments today as fears of a global banking collapse have subsided, while rising energy prices have also lifted morale, with the Dubai …
Financial assistance to Gershie suspect “may be suspected of evading the culprit…” Police “attack on soldiers” for depletion of fugitive funds
Yoshikazu Azumaya, a.k.a. Garcy, was expelled from the House of Councilors and quickly went from “teacher” to “suspect. He is now living in Dubai and on the run, but what is the police’s “offensive” …
Dubai real estate: $781m of property deals on Tuesday
Dubai Land Department reports high activity in city real estate … The largest component were 504 sales transactions, worth $365m (AED1.34bn). In addition there were 98 mortgage deals, worth $343mm …
UAE Golden Visa demand skyrockets as Dubai real estate market continues boom
Some areas of Dubai experienced huge upswell in value in 2022 … Those purchasing property off-plan or with a mortgage now have the option to obtain 10-year residency in the UAE through a Golden Visa …
Agreement between IMF, Pakistan will be subject to confirmation of financial support by KSA, UAE
The confirmation of financial support from Saudi Arabia and the United Arab Emirates (UAE) will only lead to the signing of the staff level agreement (SLA) between Pakistan and the International …