ABU DHABI, 8th August, 2024 (WAM) — Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED25.7 billion during the first five months of 2024, …
UAE Savings Deposits Surge to $80.2 Billion
Savings deposits in UAE banks have witnessed a notable increase, climbing 8.4% to reach $80.2 billion. This growth underscores the strengthening financial stability and growing confidence in the …
How residents in the UAE can begin investing with minimal funds
Money, side hustles and investments have become major topics of conversation on social media platforms, with an increasing number of financial influencers, or “finfluencers”, talking about how they …
Vadodara to Dubai: The bank account broker’s tale of fraud
The cybercrime police arrested Tarif Hussain Malik, a 33-year-old from Vadodara, for aiding Dubai-based Chinese cyber criminals by providing his bank accounts to park defrauded money. The …
China, Saudi, UAE Agree To Roll Over Pakistan’s USD 12 Billion Debt For One Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan … After a meeting of the Senate Standing Committee on Finance on Tuesday, Finance Minister Muhammad Aurangzeb told …
Pakistan secures $12 billion debt rollover from China, Saudi Arabia, UAE
To stabilize its economy, Pakistan has secured an agreement with China, Saudi Arabia, and the UAE to roll over $12 billion in debt for one year. This financial lifeline coincides with the anticipated …
Dubai’s BHM seeks shareholders’ nod to acquire UAE’s AlWaqan Capital
A leading provider of securities brokerage and investment management services based in Dubai, BHM Capital offers investors a wide range of services to facilitate trading, clearing and settlement …
China, Saudi, UAE Agree To Roll Over Pak’s $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan’s $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout …
China, Saudi, UAE Agree To Roll Over Pak’s $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan’s $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout …
China, Saudi, UAE agree to roll over cash-strapped Pakistan’s $12 bn debt for one year
The Executive Board is scheduled to meet on August 28 to approve the USD 7 billion package, the report said, quoting government officials …
New private bank to serve region’s global Indians through new DIFC office
Nuvama Private, the Private Banking arm of Nuvama Group – one of India’s largest, listed Institutionally backed Wealth Management firm, announced the launch of its operations to serve the Middle East …
Amlak Finance announces H1 2024 financial results
Dubai, UAE: Amlak Finance PJSC today announced its H1 2024 financial results for the period ended June 30, 2024. The company focused on prudently managing its UAE operations and balance sheet.
China, KSA, UAE roll over $12b Pak debt for one year
Aurangzeb said that the $12 billion cash deposits by China, Saudi Arabia and the United Arab Emirates (UAE) would be rolled over for one year, like last time. Earlier, he had said that the IMF had …
UAE banks’ saving deposits rise 8.4% to $80.2bln in May 2024
Total savings deposits amounted to AED 294.7 billion ($80.2 billion) by the end of the month, compared to more than AED 271.8 billion in the same period last year, the UAE Central Bank’s monthly …
E& and du paid $963mln in federal royalty to UAE government in H1
ABU DHABI: UAE telecom operators e& and Emirates Integrated Telecommunications Company P.J.S.C. (du) have paid AED 3.54 billion in federal royalty to the UAE government during the first half the …
Ola Electric’s IPO subscribed 4.3 times; Akums Drugs shares gain 17%
Ola Electric Mobility’s initial public offering (IPO) garnered just 4.3 times subscription with some investors staying away from subscribing to shares of the loss-making electric two-wheeler (E2W) …
Tenancy Policies elevate financial business environment in UAE: MoF
Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance (MoF), affirmed that the Cabinet’s adoption of tenancy policies highlights the importance of continuously …