In a significant move that underscores the robustness and resilience of the UAE’s financial market, 28 major stock transactions were executed on the Dubai Financial Market (DFM) on October 13, 2023.
Dubai: Bank warns residents of suspicious messages, unknown links
A top UAE bank has warned residents to be wary of the spread of suspicious messages and unknown links through social media platforms and through text messages. EmiratesNBD said in a post on X, …
Surge in UAE Stock Market Liquidity with Dominance of Real Estate, Financial and Banking Sectors
In a remarkable financial development, UAE’s local stock markets have experienced a surge in liquidity exceeding 7.88 billion Dirhams during the week’s trading. The focus of this investment influx …
UAE bourses tumble as Israel/Hamas conflict intensifies
Stock markets in United Arab Emirates tumbled on Friday, tracking global equities as a widening conflict between Hamas militants and Israel made investors nervous.
Dubai’s Union Properties negotiates settlement with bank on behalf of Thermo’s debts
Dubai-listed Union Properties PJSC (UPP) has disclosed that a bank has taken action on one of its land plots in order to settle the debts of subsidiary Thermo LLC, which is undergoing liquidation.
Phoenix Group announces Abu Dhabi IPO plan
Phoenix Group has announced its impending Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX). Phoenix Group is a technology conglomerate specialising in blockchain and crypto …
IMF praises UAE’s economic and financial developments
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) met with the International Monetary Fund (IMF) mission, led by Ali Al-Eyd, during their recent visit to the UAE to discuss the …
IMF praises UAE economic and financial developments
The IMF has praised the UAE for developments in economic and financial sectors, as it forecasts GDP growth of more than 4 per cent this year.
‘New era for humanity’: Sheikh Hamdan heralds Dubai’s future as AI leaders gather in emirate
Dubai Assembly for Generative AI held from October 11 to 12 at the Museum of the Future and AREA 2071 in Emirates Towers …
Hong Kong and UAE central banks intensify collaboration to foster the development of CBDCs
Hong Kong and the United Arab Emirates (UAE) have intensified their financial collaboration through various fintech initiatives. The partnership’s primary focus is to develop Central Bank Digital …
Inflation and conflict fears wallop Europe’s IPO market again
Europe pounded with another pulled deal while Middle East tipped to carry on unscathed despite regional unrest …
Dubai Financial Services Authority Fines Former Manager for Misleading Statements and Accounting Violations
In an unprecedented move, the Dubai Financial Services Authority (DFSA) has penalized Remy Ishaq, a former financial manager, for his involvement in accounting violations and making misleading …
Fluent Finance to develop stablecoin technologies in the UAE
The web3 company is piloting the Fluent Economic Bridge platform in Kenya and plans to develop a digital trade corridor with the UAE.
EFG Hermes Advises On ADES Holding’s $1.219Bn IPO On Tadawul
EFG Hermes, a leading investment bank in Frontier and Emerging Markets (FEM), announced today that it has successfully advised on the SAR 4.572bn ($ …
UAE Expected to Achieve Financial Surplus of 5.7% of GDP in 2023: IMF Report
The United Arab Emirates (UAE) is projected to achieve a financial surplus of 5.7% of its Gross Domestic Product (GDP) in 2023, according to a recent report by the International Monetary Fund (IMF).
DFSA fines former chief financial officer of Equitativa and Emirates Reit $33,220
The Dubai Financial Services Authority, the regulator of the Dubai International Financial Centre, has imposed a fine of $33,220 on the former chief financial officer of Equitativa and Emirates Reit …
Dubai: Ex-CFO fined Dh122,000 over misleading financial statements
As a finance officer of a company, he failed to take reasonable steps to ensure accurate information was reported to auditors …