Simply put, the UAE sprouts very modern and highly regulated banking systems basically meant for residents. Banks offer personal-related accounts as well as investment opportunities. It helps the …
UAE businessman donates Dh7 million to Fathers’ Endowment campaign
Coinciding with Ramadan, the campaign promotes a unique approach to philanthropy, fostering community-wide participation to establish sustainable giving through endowments …
In first year after IPO, Dubai’s Parkin makes ‘remarkable progress’
“Parkin exceeded the full year financial targets set out at the time of our IPO in March 2024. In line with our dividend policy, and subject to shareholder approval at the forthcoming AGM, Parkin …
Kenya will wait to draw down $1.5 bln UAE loan, finance minister says
Kenya will wait to draw cash from a $1.5 billion privately placed bond in the United Arab Emirates so that it can fit into its budget plans for this financial year, Finance Minister John Mbadi said on …
National Bank of Fujairah integrates NBF Direct App with UAE Pass, for enhanced security and convenience
National Bank of Fujairah (NBF) is excited to announce the integration of the NBF Direct mobile app with UAE Pass, the official digital identity solution for the UAE. This enhancement provides …
UAE: Ministry of Finance launches Federal Government Procurement Procedures Guide
During a media briefing organised by the ministry today in Dubai, the ministry announced the launch of the Delegation of Authority Matrix …
UAE Central Bank says infrastructure ready to launch Jaywan card locally, globally
The Central Bank of UAE (CBUAE) on Thursday said that financial infrastructure is ready to launch the country’s first domestic card — Jaywan — locally and globally. Launched by the Central Bank’s …
UAE’s first domestic card scheme launched
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has announced the readiness of the financial infrastructure for Jaywan, the UAE’s domestic card scheme, to be activated …
Arada open to IPO amid market growth as $1.52bn Sharjah project sells out in three hours
Arada, which currently serves the Sharjah and Dubai markets, is also looking at entering other emirates, Mr Alkhoshaibi said. “We have Ras Al Khaimah coming up soon and we’re looking at Abu Dhabi,” he …
Dubai Emerges As A Magnet For Ultra-Wealthy Investors And Family Offices
Dubai is solidifying its status as a premier destination for ultra-high-net-worth individuals and family offices, driven by a confluence of strat …
UAE: Retail lending fuels robust banking sector growth
The UAE banking sector delivered a resilient performance in 2024, marked by double-digit lending growth, improved cost efficiency, and a five-year low in risk costs, according to a report by global …
Alvarez & Marsal releases FY2024 UAE Banking Pulse
Cost efficiency and asset quality shone as the cost of risk (CoR) hit a 5-year low at 0.5 percent …
Wio Bank grows over AED 37bln in balance sheet in second full year of operations
Industry-leading Net Promoter Score (NPS) of 74 Abu Dhabi, UAE – Wio Bank PJSC has established itself among the top 10 most profitable neobanks globally and a leading UAE bank for retail and SME …
Dubai Court Orders B.R. Shetty To Pay ₹920 Crore To ICICI Bank
Dubai Bavaguthu Raghuram Shetty, the founder of the UAE’s largest private healthcare chain, has been ordered by the D …
Dubai real estate market sees first price drop in two years
Dubai real estate prices fell by 0.57% in January 2025 – the first decline since summer 2022 – signalling a market shift towards stabilisation, according to leading real estate intelligence authority …
ACET (ACT) signs MoU with Saif Belhasa Holding to pave way for blockchain-powered finance in the UAE
ACET (ACT), a leading global blockchain-driven digital asset, has signed a significant Memorandum of Understanding (MoU) with Saif Belhasa Holding (SBH), one of the most influential business …
Dubai real estate prices drop 0.57% in Jan, signalling stabilisation
Sales volumes were down 4.6 per cent compared to December 2024, according to the latest Property Monitor monthly market report …