My Dubai Rent takes you inside a reader’s home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don’t likeEntrepreneur and venture capitalist …
Why are Indians keen to acquire expensive properties in Dubai and London?
This recent trend of Indians lapping up real estate globally is a part of the plan B option of HNIs and UHNIs.
MBRHE signs deal worth Dhs10m to support community initiatives in Dubai
This step reflects the shared commitment of both MBRHE and DIB to their social responsibility and their determination to have a meaningful impact on the lives of individuals and the community.
Beauty retailer Purplle in early talks for $100mln funding from UAE wealth fund
Purplle, an Indian online beauty retailer, is in the early stages of talks for a $100 million investment from Abu Dhabi Investment Authority (ADIA), Mint, an Indian business newspaper, reported, …
Dubai: Gold prices jump nearly Dh6 per gram in day, close at new record high
Gold prices rally continued on Friday, closing at a record high in the UAE, gaining nearly Dh6 on Friday alone … Vijay Valecha, chief investment officer, Century Financial, said long-term investors …
Aggregate capital, reserves of UAE-based banks increase to $136.23bln by end of January 2024
ABU DHABI – The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED500 billion at the end of January 2024, according to the latest statistics from the …
Emirates Development Bank delivers record increase in industrial GDP impact, bringing total financing since 2021 to AED10.4 billion
Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the …
UAE stocks see AED6.5 billion inflow, Global Holding & Emaar lead
UAE stock markets attracted liquidity of nearly AED6.5 billion during the week’s trading, with the focus mainly on stocks in the real estate, financial and banking sectors.The weekly liquidity was …
Stringent background checks on investors such as Dubai’s Sheikh Ali Al Maktoum could send wrong message about Hong Kong, sources say
Heavy scrutiny of Dubai prince launching US$500 million family office in city could have ‘potentially offended’ other overseas investors, three senior officials say But source admits only cursory …
UAE banks’ investments exceed Dhs640b in January, record 19% rise
UAE banks’ investments exceeded Dhs640 billion by the end of January 2024, achieving the highest level in its history, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Aggregate capital, reserves of UAE-based banks increase to AED500 billion by end of January 2024
The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED500 billion at the end of January 2024, according to the latest statistics from the Central Bank of …
UAE: Eid Al Fitr holiday announced for financial markets
The Eid Al Fitr holiday in the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will start from Monday (Ramadan 29 or April 8) until the 3rd of Shawwal 1445 AH, the Securities and …
Floyd Mayweather Punching Panda in Dubai; Fans React
Over the years, Floyd Mayweather has fought some of the best boxers the sport has ever seen. After making his professional debut in 1996, he became the WBC Super Featherweight champion by defeating …
Eid Al Fitr 2024: SCA announces holiday dates for UAE financial markets
The Securities and Commodities Authority (SCA) has announced the closure of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) for the upcoming Eid Al Fitr holiday. The …
Dubai emerging as new hub for fugitives committing financial crimes
NEW DELHI: Dubai has come up as new hub for Indian fugitives involved in financial crimes as per Indian authorities. Recently, ED has attached worth Rs 24 crore of Pune-based VIPS group of companies …
United Arab Emirates: Trade, Finance, And Tourism Drive Economic Growth
According to the UN Conference on Trade and Development, foreign direct investment (FDI) inflows across the UAE rose 10% YoY in 2022, reaching nearly $23 billion, while global FDI fell 12%.
Banking sector sees Dhs25 billion increase in new saving deposits
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted around Dhs25 billion to reach Dhs270.48 billion at the end of January 2024, …