The IPO of Dubai Taxi Co is due to be priced at Dh1.85 a share, the top of the initial range, valuing the company at Dh4.6bn ($1.2bn), as the Middle East continues to defy the downturn afflicting the …
UAE finance sector up 13% in 2023
The financial sector, a cornerstone of the UAE economic diversification drive, has surged by a remarkable 30 per cent in the second quarter of this year and is expected to continue its upward …
UAE financial sector expected to grow 13% in 2023: ADDED Chairman
The UAE’s financial sector, a cornerstone of the country’s economic diversification drive, has surged by a remarkable 30 per cent in the second quarter of ..
Fintech to propel Islamic banking to $4 trillion by 2026
The global Islamic banking industry is projected to grow to $4 trillion by 2026, primarily driven by the GCC nations, a report said on …
Emirates NBD extends safe banking collaboration with Dubai Police to launch #IWillSurvive campaign
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced further collaboration with Dubai Police and Leo Burnett to launch a …
Crypto Hedge Fund Nine Blocks Snags Dubai Digital Assets License
Nine Blocks, which follows a market neutral strategy, also made Dubai its global headquarters.
Abu Dhabi’s financial sector forecast to grow 13% in 2023
ABU DHABI – Abu Dhabi’s financial sector is forecast to grow 13% in 2023, a senior official said on Monday, as efforts to diversify the Gulf city-state’s economy gather pace. Duba …
UAE economic performance surpasses expectations amid investment in new sectors
The recent economic performance of the UAE has surpassed expectations despite rising global and regional uncertainty. This is testament to the country’s economic resilience as it continues to push for …
Sustainable finance key component of UAE’s economic future – Minister of Economy
Abdullah bin Touq Al Marri cited green finance, investing in new economies and carbon trading as components shaping the economic future of the emirates …
Fintech propels Islamic banking to $4trln
Islamic finance is an integral part of the Islamic economic system, encompassing economic relations adhering to Islamic law regarding fund distribution and utilization. Originally emerging in rural …
JPMorgan to expand payments, corporate banking services in Abu Dhabi
JPMorgan said on Monday it is expanding its payments and corporate banking businesses in Abu Dhabi, the capital of the United Arab Emirates (UAE), after getting a nod from regulators. The UAE is vying …
Dubai to host Freedom Business Summit in December
Emirate to host landmark event, attracting 300+ attendees and international investors, as it aims to become the Go-To Hub for Global Citizenship and Business Freedom …
Emirates Development Bank commits AED 1.3 billion finance under IRENA’s Energy Transition Accelerator Financing Platform
Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, has committed up to AE …
Shaping Tomorrow’s Finance: ICAP GCC Finance Summit 2023 Sparks Insights and Innovation in Dubai
The first GCC Finance Summit opens tomorrow, Monday 28 November, at Le Méridien Dubai Hotel & Conference Centre, Dubai. Under the theme ‘Enabling for Future: Technology & Sustainability’. This …
Al Maryah Community Bank (Mbank, UAE) selects Facephi for onboarding and facial authentication expansion
The advanced identity verification techniques using machine learning algorithms and digital behaviour will be instrumental to analyse, detect and prevent fraudulent activities proactively …
UAE-Philippines bilateral non-oil trade up 19.4% Y-o-Y in H1 2023 to reach $500mln
UAE – Ahmed bin Ali Al Sayegh, UAE Minister of State, and Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, have led a high-level UAE delegation to Manila, Philippines, to …
UAE All Set to Host COP28 From November 30 Onwards | All About UN Climate Summit
As UAE prepares for the summit, the Arab nation is expected to host the largest summit in COP history. UAE is expecting over seventy thousand attendees ranging from government officials, business and …