Backed by Prosus and Tiger Global, the home services platform has reported a ₹239.8 crore profit for FY25 on strong domestic growth, tax credits, and improved efficiency.
UAE, Saudi Arabia likely to be reclassified as developed markets
While oil price fluctuations can strain public finances in many emerging markets, GCC nations such as the UAE benefit from robust fiscal buffers and active debt management strategies.
Al Habtoor Group considers IPO for hospitality division
Emirati businessman Khalaf Al Habtoor has revealed plans to list the hospitality arm of his family conglomerate on the Dubai Financial Market. “We are not in need of recognition or to prove our …
Emirates Islamic wins top honours at the Euromoney Islamic Finance Awards 2025
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been honoured with top distinctions at the Euromoney Islamic Finance Awards 2025, a distinguished recognition …
UAE Central Bank imposes Dh10 million fine on Sundus Exchange, cancels licence
The Central Bank of the UAE (CBUAE) has revoked the licence of Sundus Exchange operating in the UAE, struck its name off the licences register and imposed a financial sanction of Dh10 million, …
350 units sold in a single day: From private banking to billion-dirham real estate transactions
M Rafik, founder of 18 Bricks, is setting a new benchmark in Dubai’s real estate sector by combining financial acumen with strategic execution. With a background in private banking and a focus on …
UAE GPSSA waives pension penalties for 1,906 small private employers
The GPSSA designed the initiative to support small private sector businesses, which contribute to job creation and economic diversification within the UAE …
Fake Discount Links Used in Dubai Scam to Steal Bank Details
Dubai Police have arrested five men involved in a phishing scam that used fake promotional links pretending to offer big discounts from well-known restaurants and delivery services.Read More: How to …
UAE banks struggle with employee digital readiness despite leading GCC innovation: Report
The findings show that 72 per cent of UAE employees operate in mobile-first environments, reflecting the country’s digital infrastructure …
Dubai’s housing assistance: Grants vs. loans, what citizens need to know
Discover essential information on housing grants and loans available to Dubai citizens. Understand eligibility, benefits, and the application process for homeownership and improvement. Navigate …
UAE’s Islamic finance, halal industry poised for robust growth, economic diversification
The UAE continues to cement its status as a leading global hub for Islamic finance and the halal industry, aligned with a comprehensive development vision aimed at diversifying the national economy …
UAE bank promises 6.25% interest rate on your new savings account
Savers in the UAE can now have the opportunity to earn a higher return on their money. Mashreq Bank on Wednesday introduced a new digital savings product, the NEO PLUS Saver Account, which offers …
GCB Bank rewards digital champions with fully paid vacation to Dubai
GCB Bank has marked a milestone in its digital transformation journey with an official awards ceremony recognizing recipients of its “Tap, Refer & Fly” Digital Loyalty Campaign, held at its Head …
Dubai school fees soar by up to Dh5,000: How are parents coping with the hike?
Dubai parents are facing increased school fees following KHDA’s approval of a 2.35% rise in the Education Cost Index. While some families experience manageable hikes, others face substantial increases …
EU Cuts UAE From Money Watchlist, Flags Monaco
The European Commission cited the UAE’s removal from the Financial Action Task Force’s gray list last year as the basis for its delisting, pointing to a series of reforms the Gulf state has committed …
UAE banks post strong Q1 profit on lending and deposits
Aggregate net income rose 8.4% to AED22.2bn even as the IMF cut its 2025 GDP forecast and credit demand stayed weak …
Dubai real estate: Property sales jump 15% in May 2025 as market value hits $14.8bn
The market performance has been driven by investor confidence, end-user demand, and interest in both off-plan and ready properties in Dubai …