Undersecretary of Ministry of Finance participated in the G20 Finance Deputies meeting that was organised by the India presidency to discuss the progress made by MDBs in the implementation of the Capital Adequacy Framework
Dubai Police bust international gang of robbers targeting villas and bank clients
The operation involved putting the gang members “under the microscope,” meticulously monitoring their movements and activities both within and outside the country.
Ajman Bank signs deal with EIH
Ethmar International Holding (EIH) has signed a strategic partnership agreement with Ajman Bank, one of the leading Islamic financial institutions in the UAE, …
Dubai’s real estate to soar amid global uncertainty
OP-ED: S&P Global Ratings reveals how Dubai’s real estate sector will remain resilient to global economic pressures. Dubai’s real estate to soar amid global uncertainty. dubai, dubai real estate, …
UAE banks have $67bln worth of saving deposits: Central Bank
ABU DHABI: Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.537 billion by the end of January 2023, a YoY growth of approximately AED2.023 bn, or 0.92 …
Dubai records over AED1.3 bn in realty transactions Thursday
Dubai real estate market recorded 443 sales transactions worth AED1.03 billion, in addition to 75 mortgage deals of AED296.21 million, and 10 gift deals amounting to AED26.07 million on Thursday, data …
UAE Ranks First In Mena Nation Brand Value With Dh3.540 Trillion
The UAE has preserved its global leadership in the Nation Brand Performance Index, maintaining the first place globally for the second year in a row …
UAE Central Bank reports rise in cash deposits
ALBAWABA – The Central Bank of the United Arab Emirates has reported an increase in cash deposits to UAE Dirham (AED) 645.2 billion ($175.7 billion) in January, up by 5.6 percent. The figured compared …
AED 245.5 bn saving deposits in UAE banks by end of January 2023
Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.537 billion by the end of January 2023, a YoY growth of approximately AED2.023 bn, or 0.92 percent, from …
UAE preserves its global leadership in the Nation Brand Performance index 2023
The UAE ranked 10th globally in Nation Brand Strength index and 16th globally and 1st in MENA in Nation Brand Value index. Issued by the world’s leading brand valuation consultancy “Brand Finance”, …
Listed UAE firms post higher rate of growth in profits than GCC peers
L isted companies in the UAE recorded a higher growth rate in net profits during 2022 compared to their peers in the rest of the GCC, primarily driven by earnings growth in the banking, real estate, …
UAE’s One Billion Meals Endowment campaign reaches Dh750 million in 20 days
The UAE’s One Billion Meals Endowment campaign has raised Dh750 … the money will be placed into endowment funds from which financial returns will be spent on helping to feed the needy. The aim is to …
Operation Microscope: Dubai Police bring down international gang targeting villas and bank clients
In a high-quality operation dubbed “Operation Microscope,” the Dubai Police General Command successfully dismantled an organised criminal gang specialising in residential villa thefts and targeting …
Emirates Development Bank partners with UAE Ministry of Economy in support of food security
Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement in the United Arab Emirates (UAE), has partnered with the UAE Ministry of Economy’s …
UAE property developer DAMAC plans 3-year US dollar Islamic bond -document
Property developer DAMAC Real Estate Ltd (DAMAC) has mandated banks to arrange investor meetings ahead of a potential three-year U.S. dollar-denominated Islamic bond, or sukuk, expected to be at least …
HITEK to begin pilot project with major Sudanese bank
UAE-based HITEK, to start initial pilot programme in Bank of Khartoum branches in Khartoum East Sector, with a view to providing digital FM support for 140 branches throughout Sudan Leading UAE-based …
Dubai records over $327mln in realty transactions Wednesday
DUBAI: Dubai real estate market recorded 440 sales transactions worth AED1.1 billion, in addition to 93 mortgage deals of AED153.86 million, and 12 gift deals amounting to AED25.55 million on …