The acquisition aims to enhance PureHealth’s technological leadership and commitment to a tech-enabled platform in healthcare.
Dubai ready to host global corporate governance experts
Taking place over two days starting Nov. 28 at the Dusit Thani Hotel, the conference will serve as a prominent platform for governance leaders, experts, and industry luminaries to engage in a profound …
Wemade CEO Henry Chang to attend Fortune Global Forum and Abu Dhabi Finance Week 2023
Fortune is hosting high-level global CEO conference in the Middle East for the first time Wemade CEO Chang will speak on 29 Nov panel discussion about “Convergence: Media, Culture & Fintech” at …
Dubai Financial Market to launch carbon credits trading pilot during Cop28
“The launch of carbon credit trading represents a logical progression for DFM as a platform for ESG-focused themes and building on our existing track record.” …
Dubai real estate: Cheque books continue to dominate property payments despite direct debit, digital transaction boom
For those in Dubai, cheque books offer a “comfort zone,” Anisha Sagar, Director of Property Management at real estate agency Allsopp & Allsopp said adding that the preference to pay by credit card, by …
Top 10 UAE banks record 5.6% rise in quarterly profit on lower impairment charges
The aggregate net profit of the UAE’s 10 largest banks increased by 5.6 per cent on a quarterly basis in the third quarter, boosted by lower impairment charges and a steady increase in net interest …
Dubai’s investment arm ICD posts $7.7bln net profit on tourism boom, high interest rates
The company reported on Thursday a net profit of 28.3 billion dirhams ($7.7 billion), up by 91% from a year earlier. The record earnings were propped up by strong revenues in key business segments …
Dubai Financial Market launches pilot for carbon credits trading
This move positions the financial market at the forefront of climate action as a regulated platform where project capital raising, carbon credit trading and safekeeping are explored in support of the …
UAE tightens scrutiny on Russian firms; ‘We spit on your sanctions,’ Russian propagandist tells EU
UK and European Union have ramped up pressure on Emirati officials to tackle illicit flows and close channels used by Moscow to skirt trade sanctions and finance the Kremlin’s war machine. This month, …
Top UAE Banks Set Positive Trends In Profitability
Driven by an upswing in non-interest income and reduced impairment charges, the UAE banking sector has been setting positive trends in profitability …
Big-name hedge funds like Millennium and ExodusPoint are building out in Dubai and other Middle East cities. Those on the ground explain why.
Recruiters say firms are loading up on talent in the region and one manager explains why its an attractive place to be.
Digital Assets: GC Exchange Secures Virtual Asset Service Provider License in Dubai
The new license enables GCEX to operate as a Virtual Asset Service Provider (VASP) in Dubai, offering services to brokers, hedge funds, family offices, and professional traders, with access to deep …
UAE’s Pure Health acquires Dubai IT firm PureCS amid IPO preparations
Pure Health, the UAE’s largest healthcare group, has acquired Dubai-based IT services provider PureCS as it boosts its portfolio amid preparations for an initial public offering in Abu Dhabi next …
UAE Tightens Scrutiny on Russian Firms Amid Pressure From US
with firms finding banking quick and easy to navigate. That process has gradually grown more arduous, with rejections increasingly common, because the UAE is showing less appetite for …
UAE’s $90 Billion Federal Wealth Fund Names Al Mehairi CEO
The fund also holds a stake in Du, which is the UAE’s other telecoms firm. In recent years, the fund has invested in a string of local listings including in the landmark IPO of Dubai’s main utility.
Dubai Financial Market launches pilot for carbon credits trading at COP28
Each carbon credit symbolizes a tangible reduction in carbon emissions, with one credit offsetting one ton of CO2 equivalent emissions …
The messier the world gets, the more the UAE seems to thrive
In a time of war and economic fragmentation, the UAE seems to be a port in a storm. Multinationals are setting up factories and offices at a rate not previously seen in the UAE’ s five decades of …