Commercial Bank of Dubai engages in the provision of commercial banking services. It operates through the following segments: Corporate Banking, Commercial Banking, Personal Banking, and Treasury …
Like-and-earn scam traced to Dubai kingpins
Investigations into multiple cases of like and earn fraud—predominantly conducted through Telegram—have revealed that the IP addresses are often traced back to Dubai. The taxi driver allegedly played …
BIT2023: A glimpse in banking, innovation, technology
Khaleej Times will explore the innovative offerings in fintech segment in its power-packed event scheduled on November 15-16 …
UAE banks’ solid pipeline encounters margin, credit-cost test
Higher borrowing costs, economic angst and corporate tax menace United Arab Emirates banks’ 2024 credit quality, with extra 2H provisions likely.
UAE Ministry of Finance participates in first GCC Common Market Committee-Federation of GCC Chambers meeting
Under the guidance of its wise leadership, the UAE is keen to accelerate access to the common Gulf market, which benefits the economies and peoples of the region …
Investment trailblazers: Meet the inspiring women investors who drive the Dubai and MENA investment ecosystem
Dubai and the UAE boast a diverse investment landscape. Hear from some of the leading women investors in the region on their journey and investment philosophy. Globally, companies founded by women …
Dubai real estate: DIFC Living sells out units in record time
The DIFC mixed-use development with independent, yet connected, residential and commercial uses is scheduled for completion by Q3 2026 …
Dubai Financial Market Index Breaks Through 4133 Points for the First Time in 8 Years
The Dubai Financial Market Index (DFM) rose by 1.15% to 4123 points in mid-session on Wednesday, supported by gains in leading stocks.Emaar Properties rose 3.4% to 7.37 dirhams, Emirates NBD rose 2.5% …
UAE stocks generate strong cash flows Thursday as DFM hits 8-month high
UAE stock markets Thursday continued to capitalise on improved investor sentiments, defying US Fed’s decision to keep interest rates steady on Wednesday, while projecting an increase by year-end. Blue …
Navigating the UAE loan landscape: A guide to responsible borrowing
The UAE operates under a Sharia-compliant financial system, which influences various aspects of lending and borrowing. Sharia-compliant finance adheres to Islamic principles, such as the prohibition …
Saudi PIF-backed ADES prices IPO at top end, implying over $4 billion valuation
DUBAI, Sept 20 (Reuters) – Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals …
The Ministry of Finance introduced UAE private sector to expansion opportunities in emerging economies
Abu Dhabi, UAE: – The Ministry of Finance, in collaboration with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), held two workshops at the headquarters of the Chambers of …
Cybersecurity key to boosting customer confidence, developing UAE’s banking and financial sector: UBF
This came during the UAE Banks Federation’s participation in the 3rd Cybersecurity Conclave as the strategic partner …
Lulu Group to launch IPO in first half of 2024
However, Ali declined to disclose the size of the IPO or where the listing would take place. The UAE-based company, which postponed its IPO plan that was originally scheduled for this year …
Hedonova launches unique short-only fund in ADGM
DUBAI, United Arab Emirates–(BUSINESS … selling securities on such a scale. The short-only fund, a testament to Hedonova’s innovative spirit, presents a unique opportunity for investors to hedge …
UBF: Cybersecurity is key in strengthening customer confidence and developing UAE’s banking and financial sector
In the face of the broad and accelerated digital transformation that the banking and financial sector is experiencing …
Emirates NBD sets a new standard in mobile banking with the roll out of ENBD X
Emirates NBD’s new mobile banking App has been engineered according to the latest technology, security and user experience trends …