The United Arab Bank (UAB) announced the successful conclusion of its AED 735 million, 2-year Dual Tranche Club Term Loan facility. The new facility further strengthens UAB’s balance sheet by …
US$47 billion Gulf wealth fund eyes IPO spree after record listing
OMAN Investment Authority is gearing up for an ambitious divestment plan that may include several dozen listings over the next five years as the Gulf sultanate chases an upgrade to emerging-market …
UAE Ministry of Finance to join G20 Finance Track under Brazil’s presidency
The UAE Ministry of Finance (MoF) will participate in the Finance Track of the 2024 Group of 20 (G20), following an invitation from the Federative Republic of Brazil who assumed the presidency of the …
Emirati Bushra AlBlooshi selected to chair World Bank’s Cloud Computing Working Group
The selection also acknowledges the UAE’s success in applying international best practices in cloud computing, and supporting government entities and private-sector companies to transition to cloud …
UAE ‘silver visa’: Virtuzone offers 5-year trade licence and visa package
and have the confidence and peace of mind that they can enjoy a secure and stable future in the UAE. Saving money is, of course, an added bonus.” Virtuzone has also added bank account opening support …
After UAE Consensus on Global Stocktake, Azerbaijan’s COP29 to focus on climate finance
Climate experts have stated COP29 will focus on adaptation and mitigation funding, as the United Nations Framework Convention on Climate Change (UNFCCC) pushes for its “new collective quantified goal …
UAE Central Bank revokes licence of Cogent Insurance Broker
The UAE Central Bank has revoked the licence of Cogent Insurance Broker, which operates in the Emirates. The banking regulator also struck its name from the insurance broker registry as it continues …
Commercial Bank of Dubai and Visa sign memorandum of understanding on sustainability initiatives
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is …
UAE’s Fundbot raises $1.5 million Seed
UAE-based fintech Fundbot, has raised a $1.5 million Seed round led by Hambro Perks Oryx Fund, with further support from …
UAE private companies committed to Emiratisation to get priority for government tenders
Others benefits of achieving the target includes enlisting the firms in the Emiratisation Partners Club, and enjoying the benefits of Nafis for companies and individuals – such as the financial …
UAE to Begin Fines and Work Bans for Uninsured Workers
Approximately 14% of eligible employees in the UAE have yet to acquire mandatory insurance against job loss, stated the Ministry of Human Resources and Emiratisation (MoHRE). The scheme, introduced in …
UAE interest rates unchanged after US Fed announcement
The Central Bank of the UAE has said it would keep interest rates unchanged following a similar announcement by the US Federal Reserve overnight.
UAE Central Bank maintains base rate at 5.40%
ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 percent. This decision was taken …
UAE: CBUAE maintains Base Rate at 5.40 per cent
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per cent.
UAE Central Bank holds rates steady following Fed lead
The UAE Central Bank kept its benchmark interest rate steady, following the US Federal Reserve’s move to maintain its policy rate for the third consecutive time this year amid a slowing economy and a …
Bank ABC in deal to fund Majid Al Futtaim solar power projects
Enec partners with Canadian nuclear group for IMSR plant development; Nextracker hits 10-GW milestone in MEA solar power markets; Besix, Hitachi Zosen Innova in Dubai waste manage …
UAE Follows US Federal Reserve To Leave Rates Unchanged
The Federal Reserve on Wednesday left interest rates unchanged for a third straight time at 5.25 per cent to 5.5 per cent, as inflation heads toward …