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UAE banking sector assets grow 12-fold to $900bln: Al-Ghurair
The closure of more than 200 bank branches in the country, representing a 30% reduction, reflects this growing reliance on digital banking …
Experience the Blockchain-Powered future of finance, smart cities, and the creator economy at decipher in Dubai from Nov.28th-30th
Hosted by the Algorand Foundation, Decipher will present its 2022 edition in Dubai, UAE – a burgeoning crypto capital – and feature top industry voices from FTX, SkyBridge Capital, Envision Racing, …
UAE’s Invest Bank selects Temenos Banking cloud to accelerate digital transformation with NdcTech
Invest Bank will adopt an end-to-end retail and wholesale banking solution on the Temenos Banking Cloud, becoming one of the first in the UAE to adopt a full SaaS model for its digital and core …
Empower debuts listing and trading of its shares on Dubai Financial Market
Dubai Financial Market (DFM) on Tuesday welcomed the successful listing of Emirates Central Cooling Systems Corporation (Empower). This is the fourth public offering and listing on the DFM in 2022 to …
Empower rises in Dubai trading debut after $724m IPO
Dubai debut following an initial public offering that attracted $34bn in orders, underscoring the continued appetite for listings in the oil-rich Gulf. Empower, as the district cooling firm is known, …
Dubai-Based Emerging Markets Property Group, Owner Of Bayut And Dubizzle, Raises US$200 Million Ahead Of An IPO “In The Near Future”
Currently present in more than 50 cities, EMPG operates classified platforms across emerging markets, with a focus on the MENA and South East Asia regions.
UAE consumers can soon take up insurance complaints with Central Bank’s Ombudsman unit
UAE Central Bank confirms plans to set up insurance ombudsman unit for speedy resolution UAE consumers having concerns on their insurance policies could soon have a chance to take it up with a higher …
Hedge Fund LMR Joins Millennium, Schonfeld to Open in Dubai
Most Read from BloombergFTX’s Balance Sheet Was BadMusk Publicly Punishes Twitter Engineers Who Call Him Out OnlineWorld’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It HoldsFTX …
Dubai records over $490mln in realty transactions Tuesday
DUBAI – Dubai real estate market recorded 553 sales transactions worth AED1.43 billion, in addition to 107 mortgage deals of AED387.11 million, and 12 gift deals amounting to AED43.73 million on …
Spike in UAE mortgage rates: Homebuyers are running to refinance their UAE mortgages into cheaper, lower fixed rates
Post the fixed period, all mortgages become variable and follow the structure of 1M or 3M EIBOR + Bank margin, unless refinanced into fixed rates for another period of 1-5Y.
Revenue of UAE banks to soar to $25bn by 2030 on pivot to digitisation
The revenue of UAE banks is expected to surge by 52 per cent to about $25 billion by 2030, with digital transformation playing a key role in boosting operations and customer services, the chairman of …
Hedge Fund LMR Joins Millennium, ExodusPoint to Open in Dubai
Most Read from BloombergFTX’s Balance Sheet Was BadMusk Publicly Punishes Twitter Engineers Who Call Him Out OnlineChina Plans Property Rescue in Latest Surprise Policy ShiftBiden, Xi Chart Path to …
Empower shares surge on Dubai Financial Market debut
Shares of Emirates Central Cooling Systems Corporation, known as Empower, Dubai’s district cooling provider, surged as much as 9 per cent above the company’s listing price as it made its debut on the …
Dubai’s TECOM to pay $54.4mln interim cash dividend
The payout, which is equivalent to 4.0 fils per share, was approved during the company’s first general meeting since listing on the Dubai Financial Market (DFM) in July this year. It is in line with …
UAE Golden Visa announcement: Online quiz revealed to check eligibility in 2 minutes
The test will help users understand if they are eligible to receive a Golden Visa UAE Golden Visa announcement: Online quiz revealed to check eligibility in 2 minutes 10-year visa in UAE, Abu Dhabi …
Sheikh Khaled attends Abu Dhabi Finance Week opening ceremony
Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Executive Office, attended the opening ceremony of Abu Dhabi Finance Week at the Emirates Palace …