Fund transfers among UAE banks posted a rise of 35.6 percent to reach a whopping AED10.99 trillion in the first eight months of the year, the latest data showed. The bank deposits during the period …
Dubai or London: Which is better and more expensive to own a property?
London and Dubai both appear to be excellent options for Indian buyers looking for an investment property or overseas home. On the face of it, London and Dubai both appear to be excellent options for …
UnaFinancial seeks $15mln for its digital finance app in UAE
UnaFinancial, an international fintech group of companies, is set to raise up to US$15 million to launch a finance app in UAE in 2024. The service will address spending, investing and borrowing needs …
Dubai mega-bank hits new records as 9-month 2023 net profit tallies Dh17.5b – that’s 92% up
At the nine-month stage, the Dubai bank was putting in some high double-digits year-on-year. Image Credit: Ahmed Ramzan/Gulf News Dubai: The profit growth march of UAE’s biggest banks continues, with …
iSwiss among the stars of the new financial world: the big news at Forex Expo 2023 in Dubai
Dubai is now one of the most important financial centres globally. This is also proven by the fact that the World Trade Centre in the UAE city was once again the venue for Forex Expo, the most …
UAE banks’ investments exceed AED 580 billion by end of August, reaching an all-time high
UAE banks’ investments surpassed AED 580 billion, hitting a record high in August 2023, according to the Central Bank of the UAE. The investment grew by 19.5 percent year-over-year to reach AED 585.4 …
The Battle Hymn of Billionaire John Paulson
Paulson, the legendary hedge fund billionaire best known for making an estimated $ … private jets and travel to Dubai. Paulson is seeking more than $189 million in damages. His suit, which alleges …
Commercial Bank of Dubai reports 46.4% rise in 9-month net profit
Commercial Bank of Dubai on Wednesday announced a record net profit of Dh1.936 billion for the first nine months of 2023, up 46.4 per cent compared to the corresponding period in 2022.Outstanding …
UAE banks’ investments exceed Dhs 580 billion by end of August
The UAE banks’ investments surpassed Dhs580 billion, hitting a record high in August 2023, according to the Central Bank of the UAE. The investment grew by 19.5 percent year-over-year to reach Dhs585.
Commercial Bank of Dubai’s 9M-2023 net profit up 46.41% to Dh1.935 billion
Net income rose 44.88% over a year ago to Dh2.427 billion Dubai: Commercial Bank of Dubai’s profit rose 46.41 per cent year-on-year to Dh1.935 billion for the nine months through September 2023. Net …
Navigating the Dunes of Opportunities: Exploring the Dubai Financial Market
Are you ready to embark on an exhilarating journey through the shifting sands of the Dubai Financial Market? Join us as we delve into this vibrant and dynamic landscape, where opportunities abound …
Ministry of Finance and Abu Dhabi Chamber of Commerce and industry discuss enhancements to business sector and government work
The pillars of cooperation between the Ministry of Finance and the Abu Dhabi Chamber of Commerce and Industry are based on the Ministry’s strategy …
Dubai luxury off-plan real estate boom could push developers to ignore affordable mid-market, experts warn
As Dubai’s off-plan market booms with uber-luxury launches, industry voices emphasise the need to maintain availability across more affordable segments or risk inequitable access …
Investcorp Capital IPO: Firm announces intention to list and trade shares on ADX
The company and the selling shareholder retain the right to amend the size of the offering and the size of each tranche at any time before the pricing of the offering, subject to the applicable laws …
‘I’m a Dubai housewife with an £82,000 monthly allowance – but there are big downsides’
Dubai housewife Linda Andrade has gone viral after revealing some of the ‘worst’ things about being married to a millionaire – and people are absolutely stunned!
Sharjah Islamic Bank completes integrated connectivity through Buna Platform
The Sharjah Islamic Bank (SIB) announced the completion of the integration process for its financial and banking operations in the field of payments with the Arab Regional Payments Clearing and …
Investcorp Capital announces ADX IPO as it plans 29% sale
Investcorp Capital has announced its intention for an IPO on the Abu Dhabi Securities Exchange (ADX). Investcorp will sell off 643m ordinary shares with a nominal value of $0.5 (AED1.84) each. The …