The Central Bank of the United Arab Emirates (CBUAE) expected the country’s strong foreign trade performance to continue in 2024 and 2025, sustaining its projected growth for the UAE’s real GDP in …
CBUAE projects UAE’s real GDP growth to reach 6.2% in 2025
In Q4-2023, the UAE economy expanded 4.3% YoY, above the 2.5% growth registered in Q3-2023 Indicators point towards robust economic activity within the non-oil private sectors, the CBUAE said. Image …
UAE Ministry of Finance unveils key new projects to boost competitiveness
These projects are part of the comprehensive strategy of the UAE to future-proof its economy and reinforce its status as a global financial hub …
Commercial Bank of Dubai joins EDB to facilitate international trade
Dubai: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to …
Dubai real estate investments start at just $136 as Stake joins Land Department initiative
Dubai real estate investors around the world can enter property ownership schemes as innovative platform Stake joins Land Department initiative …
UAE Ministry of Finance launches new transformational projects
These projects are unique in achieving a significant positive impact in all sectors within short periods of time …
UAE banks extend $22.2bn in loans to SMEs
The balance of loans from banks operating in the UAE to small and medium-sized enterprises reached AED81.7 billion by the end of the first quarter of 2024. Data from the Central Bank of the UAE shows …
UAE national banks pump AED15.6bn in credit to business, industrial sectors in Q1 2024
Conventional banks accounted for approximately AED694 billion of the credit financing provided to the trade and industry sectors by the end of March …
UAE Central Bank projects 3.9% GDP growth in 2024 amid digital transformation, says new report
As the CBUAE looks forward to the next 50 years, it aims to focus on innovation, sustainability, and maintaining monetary and financial stability to support the UAE’s competitiveness on the global sta …
Emirates NBD collaborates with Dubai Institute of Design and Innovation and announces winners for its ‘Project Design Space’ challenge
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, proudly announces the winners of its challenge in the 2024 Project Design Space (PDS).
UAE national banks’ credit facilities to businesses top $4.24bn in Q1
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE national banks’ credit facilities to businesses top $4.24bn in Q1
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE: Gold prices jump nearly Dh2 per gram in early trade
Gold prices continued their upward trend in UAE, rising by nearly Dh2 per gram at the opening of the markets on …
UAE national banks provided $4.25bln in credit facilities to business, industrial sectors in Q1-24
The apex bank’s figures showed that the two sectors saw a 2.1 percent rise in cumulative credit balance to AED757.4 billion by the end of March 2024 …
First Abu Dhabi Bank bolsters CLM operations with Fenergo
First Abu Dhabi Bank (FAB) the largest bank in the UAE, has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) …
UAE national banks provided AED15.6 billion in credit facilities to business, industrial sectors in Q1-24
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion in the first quarter of 2024, according to the latest figures released by the …
The largest bank in UAE, First Abu Dhabi Bank, bolsters CLM operations with Fenergo
FAB is one of the most prominent financial institutions in the UAE, recognised for its commitment to providing outstanding customer service. As the preeminent bank in the country, FAB provides a …