UAE central bank said the business and industrial sectors received credit financing mostly from traditional banks.
UAE Addresses 521 Money Laundering Cases in 2-Year Span
The UAE’s Ministry of Interior has tackled 521 cases of money laundering over the previous two years and has worked with international law enforcement agencies to apprehend 387 “wanted offenders.”Read …
Video interview: Mashreq – pushing digital banking boundaries in the Middle East
The UAE’s Mashreq has for years invested shrewdly in growing and developing its digital banking capabilities. As that investment continues to deliver returns, group CEO Ahmed Abdelaal explains the …
UAE banks give $203bn credit to business and industry
UAE banks extended an additional AED28.4bn ($7.7bn) in credit facilities to the business and industrial sectors in the first five months of this year. According to the latest statistics from the …
UAE: National banks’ financing for business, industrial sectors totalled $7.7bln over 5 months
The statistics also showed that the two sectors witnessed a 4 percent rise in credit balance from national banks over five months …
Dubai-listed Shuaa Capital’s top shareholder to sell stake, steps down as MD
Founded in 1979, Shuaa has led several big transactions in the Middle East, including as one of four banks on now-delisted Dubai state-owned port operator DP World’s $5 billion initial public offering …
UAE to host top global experts to discuss international finance reform ahead of Cop28
The UAE’s Cop28 presidency has announced that it will host an international group of top economists, private sector leaders, and the UN Climate Change High-Level Champions this week to boost efforts …
COP28 UAE Presidency to convene world-leading economists in UAE to drive progress on reform of international finance
The two-day meeting — taking place on 15th August at the Abu Dhabi Global Markets (ADGM) — will bring together world-leading economists, private sector leaders, the COP28 Presidency and UN Climate …
COP28 UAE Presidency to convene world-leading economists in UAE
The two-day meeting — taking place on 15th August at the Abu Dhabi Global Markets (ADGM) — will bring together world-leading economists, private sector leaders, the COP28 Presidency and UN Climate …
COP28 UAE Presidency: Leading economists to drive progress on int’l finance reforms
The COP28 Presidency has announced that it will convene the Independent High-Level Expert Group (IHLEG) on Climate Finance in the UAE this week to drive progress on steps to reform international …
COP28 UAE’s Presidency Leads To Meaningful Progress
Nabeel Munir, Pakistan Ambassador to Korea. He also chairs the ‘Subsidiary Body on Implementation’ and would continue to lead until COP29 …
Top UAE Grocer Lulu to Raise $2.7 Billion Ahead of Possible IPO
Lulu Group International, which operates one of the Middle East’s largest hypermarket chains, is raising 10 billion dirhams ($2.72 billion) to refinance debt ahead of a potential initial public …
ICEBERG Financial Introduces ICE-Watch V2.0.0: The Next Generation of Data Analytics and AI Engine
Dubai, United Arab Emirates–(Newsfile Corp. -) – “ICEBERG” known as ICEBERG Financial, a recognized and registered investment consultancy and e-commerce firm based in Dubai, and known for its forward …
Iran envoy, UAE official discuss financial, monetary topics
The Iranian ambassador to Abu Dhabi and United Arab Emirates’ Minister of State for Financial Affairs discussed financial and monetary issues on Sunday.
Emirati finance minister meets Iran’s envoy to the UAE
Mohamed Al Hussaini, Minister of State for Financial Affairs, discussed economic ties with Iran during talks with the country’s UAE envoy in Dubai.Mr Al Hussaini hosted Reza Ameri, Iranian Ambassador …
Mohamed Al Hussaini Meets With Ambassador Of Iran To The Uae
His Excellency Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, met with His Excellency Reza Ameri, Ambassador of the I …
UAE launches Cyber Personal Insurance for the first time
Etisalat by e& stated, on its website, that the cybercrime insurance policy protects the user from online banking or credit card fraud, as well as from losing online purchases, electronic extortion or …