The project is a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar. The partners broke ground in January 2022, but further discussions on finance and legal …
Dubai Financial Market profits hit $40m, investors cross million mark
The Dubai Financial Market reported a net profit of AED147.1m ($40.05m) for the fiscal year 2022, representing a 41.7 percent increase compared to AED103.8m ($28.26m) in 2021. Total revenue increased …
UAE Central Bank imposes sanctions on a finance company operating in UAE
The CBUAE has imposed a financial sanction of Dhs1,800,000, required the finance company to remediate the violations as well as for the Board of Directors to meet and rectify issues related to its …
UAE Central Bank fines company $490,000 for violating anti-money laundering law
The UAE Central Bank has imposed a fine of Dh1.8 million ($490,129) and stricter compliance requirements on a finance company for breaching the country’s laws on anti-money laundering and …
UAE real estate to maintain stable momentum despite challenges: Report
Through a challenging global environment and rising interest rates, a stable momentum was maintained across transactions UAE real estate to maintain stable momentum despite challenges: Report Dubai …
Indian rupee trades in narrow range against UAE dirham after Fed rate hike
On Wednesday, the currrency appreciated 8 paise to close at 81.80 against the dollar after Finance Minister Nirmala Sitharaman presented the budget for 2023-24 …
UAE central Bank raises base rate by 25 basis points
UAE’s central bank will maintain the rate applicable to borrowing short-term liquidity from the CBUAE through all standing credit facilities at 50 bp …
Central Bank of UAE raises interest rate after Fed quarter-point increase
Katarina Premfors The UAE follows the US Federal Reserves policy rate moves. Photo: Abu Dhabi Tourism . The Central Bank of the UAE raised its benchmark borrowing rate after th …
UAE Central Bank follows Fed move to hike interest rates by 25 basis points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.4% to..
UAE raises base rate by 25 basis points
ABU DHABI, 1st February, (WAM) — The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.4% to 4.65%, …
Mideast Stocks: Dubai leads Gulf markets higher; Qatar ends lower
Dubai’s benchmark index snapped its losing streak since Friday, climbing 1.4% and marking its best day since September …
Dubai leads Gulf markets higher; Qatar ends lower
Dubai stock market closed higher on Wednesday, outperforming the Gulf region, while Qatari stocks retreated amid volatile energy prices.
Dubai Financial Market Company posts 41.7% rise in net profit in 2022
Read: Dubai Financial Market Company posts Dhs103.8m net profit for 2021, dipping 24.7% y-o-y. Revenues for the year 2022 equated to Dhs351.2m, up 19 per cent compared to Dhs294.6 …
Mortgage Finder UAE reveals stable momentum in transactions despite challenges in 2022
(MENAFN- Weber Shandwick) DUBAI, UNITED ARAB EMIRATES, 31 January 2023: Mortgage Finder has announced the launch of its Mortgage Market Annual Report 2022, sharing key insights on real estate mortgage …
Dubai International Financial Centre launches new metaverse platform
The move is part of a “comprehensive strategy” being developed by the centre to accelerate Dubai’s status as a global metaverse leader, Dubai Media Office said in a statement on Monday. The platform …
Dubai records over $544.5mln in realty transactions Tuesday
DUBAI – Dubai real estate market recorded 471 sales transactions worth AED1.87 billion, in addition 70 mortgage deals of AED122.36 million, and 14 gift deals amounting to AED130.13 million on Tuesday, …
MENA IPO market sees record year with 51 listings and $22bn raised
There were a record number of IPOs in the MENA region last year as $22bn raised with sale offers MENA IPO market sees record year with 51 listings and $22bn raised GCC IPO activity, GCC IPO market, …