Dubai is one of the few cities globally to emerge stronger from the pandemic, as more people come to the emirate to leave behind uncertainty related to COVID-19 in Asia and geopolitics in Europe.
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UAE, US rate hikes: Who benefits the most from higher interest rates – borrowers or savers?
Delving on what the recent UAE, US interest rate hikes meant for … Lower rates had made home finance more affordable for potential homeowners, easing the interest burden on existing borrowers.
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Commercial Bank of Dubai recognized with “Best Technological Innovation in Financial Services” award at Seamless Awards 2022
Dubai: Commercial Bank of Dubai, one of the leading banks in the UAE, has received the prestigious “Best Technological Innovation in Financial Services” Award at the Seamless Middle East Awards …
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Mashreq launches Neo NXT — digital banking for Generation NXT
Neo NXT promotes financial responsibility amongst the next generation, equipping them with a bank account, a debit card and access to the Mashreq Neo app …
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UAE insurer banned from issuing new policies for a year
A UAE-based insurer has been slapped with administrative sanctions by the country’s central bank for failure to meet regulatory obligations. The banking authority confirmed on Thursday that it has …
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UAE Central Bank imposes sanction on insurer, bars it from issuing new policies for one year
The notification also requires the company to remedy its solvency capital requirements Abu Dhabi: The Central Bank of the UAE has imposed an administrative sanction on an insurance company operating …
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UAE salaries: which banking jobs are in demand and how much do they pay?
The hiring outlook for the UAE’s banking and financial services industry is buoyant as it continues to recover from Covid-19 headwinds on the back of economic support measures including the Targeted …
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UAE salaries: which banking jobs are in demand and how much do they pay?
The hiring outlook for the UAE’s banking and financial services industry is buoyant as it continues to recover from Covid-19 headwinds on the back of economic support measures including the Targeted …
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UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 in attempt to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman Jerome Powell …
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UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 in attempt to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman Jerome Powell …
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UAE Central Bank raises base rate by 75 basis points
The Central Bank of the UAE (CBUAE) has raised the base rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective Thursday, June 16, 2022. The decision was taken following …
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Dubai Seeks to Raise as Much as $454 Million From Tecom IPO
Dubai is seeking as much as $454 million from the initial public offering of business-park operator Tecom Group, forging ahead with the second listing this year in the government’s drive to deepen …
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UAE central bank increases base rate by 75 bps
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022. This decision was …
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Dubai establishes Salik as public joint stock company ahead of potential IPO
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has issued a regulation to turn the emirate’s road toll operator Salik into a public joint stock company, ahead of its potential initial …
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Crypto hedge fund Three Arrows faces potential insolvency after liquidations: The Block
Cryptocurrency hedge fund Three Arrows Capital has incurred at least $400M in liquidations in a move that could lead to potential insolvency, according to three people familiar …
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Hedge Fund Three Arrows Capital Hit with Rumors Regarding “Liquiditation” – Report
Three Arrows Capital, Singapore/Dubai-based hedge fund that is invested in multiple blockchain firms, is fending off rumors of a possible liquidation event, …
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Cryptocurrency ‘bloodbath’ threatens multibillion-dollar hedge fund
With a net asset value of $18bn (£14.9bn) in its last public statement, the Singapore-based hedge fund was known for taking large highly … attributed to North Korean state-sponsored hackers. Zhu Su, …
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