Residential properties in these areas are likely to see increased demand and value, appealing to expatriates and investors,’ said one expert …
Nisus Finance Expands in GCC, Adding USD 55 Million to Fund AUM through Strategic Real Estate Deals
Nisus Finance Services Co Limited. (BSE- NISUS | 544296 | INE0DQN01013), a trailblazer in investment management with a focus on urban infrastructure, proudly announces the acquisition of two Grade A …
Dubai real estate sector recorded $3.3bn of transactions last week, including $13.6m Palm Jumeirah apartment
The Dubai real estate sector recorded AED12.13m ($3.3bn) of transactions last week, according to data from the Land Department. Mortgages dominated the figures, with AED9.06bn ($2.5bn), according to …
Nisus Finance Expands Footprint with Key Dubai Acquisitions
Nisus Finance Services Co Limited has acquired two Grade A residential properties in Dubai, boosting its assets under management by USD 55 million. This move cements its position in the region’s real …
ADCB localizes 100% of its banking workforce across all its branches in Al Ain
In a ground-breaking achievement in the banking sector, Abu Dhabi Commercial Bank (ADCB) proudly announced achieving 100% Emiratisation across all banking roles in its Al Ain branches. This milestone …
DIB increases stake in Türkiye’s Digital Bank to 25%
The move follows the initial acquisition in September 2023, further cementing DIB’s presence in Türkiye’s dynamic financial landscape …
Dubai Islamic Bank raises stake in Turkiye digital bank to 25%
Dubai Islamic Bank, the UAE’s biggest Shariah-compliant lender by assets, has increased its shareholding in Turkey’s T.O.M Group of Companies to 25% from 20%, exercising an option that was a part of …
Saudi Arabia leads GCC IPO market in 2024 with USD4.1B raised
By generating USD4.1 billion from 42 listings in 2024—the most in the region—Saudi Arabia consolidated its position in the Gulf Cooperation Council’s …
Markaz: GCC IPOs raise USD 13.2 billion in 2024
Markaz’s report stated that the UAE led the region in terms of IPO proceeds for the third year in a row, raising a total of USD 6.4 billion which constituted 49% of the total GCC IPO proceeds during …
Delegation from Dubai’s Department of Finance explores innovative services at Dubai Autism Center
Dubai: A distinguished delegation from Dubai’s Department of Finance (DOF), led by Mr. Arif Abdulrahman Ahli, Executive Director of the Planning and General Budget Sector, visited the Dubai Autism …
UAE resident’s bank account drained by scammers posing as Dubai utility provider
In six short minutes, scammers claiming to represent Dubai’s utility body stripped one man’s bank account of Dh2,300 ($626) leaving him penniless, after promising him a refund for an overpaid water …
Former Dubai resident’s bank account drained by scammers posing as utility provider
In six short minutes, scammers claiming to represent Dubai’s utility body stripped one man’s bank account of Dh2,300 ($626), after promising him a refund for an overpaid water bill. Antonio da Silva, …
Dubai’s new Salik toll gate charges come into effect on January 31
The cost of driving through Dubai’s Salik toll gates will increase during peak hours from the end of January. The price rises from Dh4 to Dh6 from January 31, a notification from the Dubai Financial …
Amir Tabch: Revolutionizing FinTech with UAE’s 1st Regulated DeFi Brokerage
As an experienced board leader and fintech executive, Amir Tabch leveraged his deep expertise in regulatory compliance to establish the UAE’s first regulated DeFi and digital asset brokerage—a …
Zara’s Middle East Operator Seeks Bank Pitches for IPO
The operator of Zara clothing and Virgin Megastore chains in the Middle East is exploring a possible initial public offering, according to people familiar with the matter.Most Read from BloombergThese …
KKR invests $5bn in Dubai’s Gulf Data Hub
A Dubai business will see a massive investment of $5bn as it looks to usher in new era of AI possibilities. Gulf Data Hub and KKR announced that funds affiliated with KKR will acquire a stake in GDH.
Strengthening UAE-India Ties: Opportunities For Business Leaders
Business leaders in the UAE and India are uniquely positioned to redefine global collaboration. With the UAE acting as a bridge to global markets and India providing technological and human capital, …