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Tag: banking

Posted on 12/04/2024

BP shares increase by 3.1% after reports UAE oil company had pondered takeover

BP’s shares surged mid-morning on Friday on a day where other companies also fared well as the FTSE 100 pushed above 8,000 …

Posted on 12/04/2024

More electric vehicles, flying cars coming to UAE, says top Chinese diplomat

More electric vehicles (EV) and even flying cars manufactured in China are expected to arrive to the UAE soon, the newly-appointed Chinese consul general O..

Posted on 12/04/2024

Navigating the Dubai Real Estate Market: A Comprehensive Guide

The Dubai real estate sector stands as a beacon of dynamism and opulence, attracting investors and homebuyers from across the globe. With its iconic skyline, comprising both awe-inspiring skyscrapers …

Posted on 11/04/2024

Exclusive-UAE’s ADNOC recently eyed BP as takeover target, sources say

(Reuters) – The United Arab Emirates’ state-owned oil company recently considered buying Britain’s BP but the deliberations did not progress beyond preliminary discussions, people familiar with the …

Posted on 11/04/2024

Homeowners face a $25trn bill from climate change

Climate change is making such incidents much more common. In the decade from 2000 to 2009 only three thunderstorms cost the industry more than $1bn at current prices. From 2010 to 2019 there were ten.

Posted on 11/04/2024

Dubai virtual asset regulator wants to lift burden on small crypto firms

VARA CEO Matthew White admitted that regulations are “not perfect” and said they continue to engage with the industry to try and understand it better.

Posted on 11/04/2024

A Comprehensive Look at Investor Rights in Dubai’s Off-Plan Market

Dubai’s real estate market has always been attractive for its dynamic nature and high potential returns, particularly in the off-plan sector. Off-plan properties are those sold before they are …

Posted on 11/04/2024

Revealed: Exclusive European and Swizz clubs for the ultra rich flocking to Dubai amidst swelling millionaires club

Legendary Swiss private banks are also upping their games with plans to double and triple their employee strength amidst the Gulf country emerges as the most preferred destination for the global rich …

Posted on 10/04/2024

‘Spend money on good debts’: Dubai CEO reveals long-term plans for building personal wealth

Nada El Gazzar has been in the UAE for 17 years and is now heading UpskillX Advisory & Coaching. The 38-year-old Egyptian expat has a holistic attitude tow..

Posted on 10/04/2024

Bitcoin: Unlocking Bitcoin’s Potential In Traditional Finance, BTC Price Predictions For 2024

As the dawn of a new year approaches, the financial landscape finds itself at the cusp of a revolution, led by Bitcoin (BTC), a digital currency poised to redefine traditional finance. This narrative …

Posted on 10/04/2024

Dubai event to focus on alternative investments

More than 200 global investors, fund managers, banking and investment experts will be meeting in the UAE to discuss the global market of …

Posted on 10/04/2024

Toncoin (TON) flips Cardano as Telegram founder considers IPO

Telegram-linked Toncoin (TON) recorded massive surges in value recently, with prices pushing to new all-time highs on 9 April. The upside saw it surpassing Cardano (ADA) to rank 9th by market …

Posted on 10/04/2024

DFM announces new edition of Capital Market Summit in May

Following the success of the inaugural MENA IPO Summit last year, Dubai Financial Market (DFM) is set to return with a bigger and more promising edition …

Posted on 10/04/2024

UAE: Gold prices continue upward trend, jumps to new all-time high

Prices also edged higher as investors were waiting for the US Federal Reserve’s policy meeting minutes and key inflation data cues …

Posted on 10/04/2024

Diment secures Initial Approval from Dubai’s Virtual Asset Regulatory Authority (VARA)

Diment VA Exchange Services DMCC is pleased to announce its Initial Approval from the Virtual Asset Regulatory Authority of Dubai – VARA. This Initial Approval marks a significant milestone for Diment …

Posted on 10/04/2024

Crypto.com Dubai Entity Obtains Full Operational Approval from Virtual Assets Regulatory Authority (VARA)

Crypto.com announced recently that its Dubai entity, CRO DAX Middle East FZE, received full operational approval from Dubai’s VARA.

Posted on 10/04/2024

Dubai real estate: How UAE ‘FATF grey list’ boost is driving investments and affordable property is set to boom

Allsopp & Allsopp said a preference for more affordable properties goes hand-in-hand with the increase in finance buyers vs cash buyers. As expected, coming off the FATF “grey list” drove investments …

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