Dubai-based FinTech start-up Alaan raised $2.5 million in a new investment round as the company announced it is coming out of the stealth mode. The multi-currency spend management platform said it …
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Axis loans banker jumps to Mashreqbank
Before joining Mashreq, Subba was an assistant vice president at Axis Bank’s Mumbai-based syndication team. He started his banking career with the Indian lender and stayed there for nearly eight years …
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UAE’s $14 Billion Railway Project Links Abu Dhabi With Dubai
“The economic effects of linking Abu Dhabi and Dubai via the UAE National Rail Network will extend for many years,” Sheikh Maktoum bin Mohammed, the country’s finance minister and deputy ruler of …
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UAE and Israel edge closer to finalising trade and economic co-operation agreement
The UAE and Israel are inching closer to a bilateral trade and economic co-operation agreement that could potentially propel Israel into the list of the UAE’s top 10 trading partners. “We understand …
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Abu Dhabi-Dubai railway line: What you need to know
It’s official. Abu Dhabi and Dubai are now connected by a massive railway line, and you could see trains chugging between the two Emirates soon.
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DIFC launches UAE’s first AI and coding license to attract global experts
“DIFC is proud to be collaborating with the UAE AI Office, confirming our commitment to the country’s Artificial Intelligence Strategy 2031 and leveraging the potential of artificial intelligence to …
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First Abu Dhabi Bank to distribute $2.1bn dividends for 2021
First Abu Dhabi Bank (FAB), one of UAE’s leading banks, has approved the dividend distribution of 70% of paid-up capital for the financial year ended December 31, 2021 (or AED 0.70 equivalent per …
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Dubai Museum of the Future: Eight government entities win UAE Innovates Award
This is the largest national initiative of its kind by the Mohammed bin Rashid Centre for Government Innovation …
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Dubai luxury home prices jump 44% in 2021 amid higher demand from wealthy buyers
Luxury home prices in Dubai surged 44 per cent in 2021, driven by higher demand from wealthy buyers as the emirate’s property market continues to rebound from the coronavirus-induced slowdown on the …
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UAE Cabinet adopts policies to protect labour rights, spur Emiratisation in the private sector
The UAE Cabinet approved a policy to support Emiratisation goals and plans of private sector companies, providing additional incentives for companies supporting Emiratisation, and consolidating the …
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UAE Cabinet adopts policies to protect labour rights, spur Emiratisation
The UAE Cabinet approved a policy to support Emiratisation goals and plans of private sector companies, providing additional incentives for companies supporting Emiratisation, and consolidating the …
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Top UAE banks set to see profitability return to pre-pandemic levels
Growth in net interest income will drive profitability to pre-pandemic levels at the largest UAE banks in the next 12-18 months, according to a report by Moody’s Investors Service. The growth in net …
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UAE – FAB shareholders approve dividends of AED7.64 bn for 2021
Owners of FAB shares registered on Thursday 10 March, 2022 (i.e. buyers on 08 March, 2022) are entitled to the dividends. All items on the agenda were discussed and approved, including FAB’s financial …
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ADIB Banking Academy Empowers UAE National Talent Through Specialised Leadership Programmes ‘Tamkeen and Qiyadat’
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced the launch of its flagship leadership training programmes Tamkeen and …
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Salik Road-Toll System Lines Up BofA, Emirates NBD, Goldman for Dubai IPO
Dubai’s road-toll collection system has picked Bank of America Corp., Emirates NBD Bank PJSC and Goldman Sachs Group Inc. to arrange its local stock exchange listing, according to people familiar with …
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Dubai’s RTA hires investment banks for road-toll Salik IPO – sources
Dubai’s Roads And Transport Authority (RTA) has picked banks to arrange the listing of road-toll operator Salik, two sources told Reuters. DUBAI, Feb 28 (Reuters) – Dubai’s Roads And Transport …
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Sanjay Shah: Denmark wins UK court appeal over Dubai trader’s alleged tax fraud
Denmark’s tax authority has won its appeal in the UK courts over an alleged £1.5 billion ($2 billion) fraud by Dubai hedge fund trader Sanjay Shah and scores of others. London’s High Court had …
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