UAE banking is turning digital, and Dubai’s GII wants to have a big say in it On startup investments, trick is not to fall for valuation hype: GII’s Pankaj Gupta Abu Dhabi’s Mubadala sells trade …
UAE Corporate Tax: Less than half of businesses prepared to comply with new rules, report says
UAE businesses face challenges in understanding and complying with the new corporate tax framework, survey finds UAE Corporate Tax: Less than half of businesses prepared to comply with new rules, …
UAE: Continental Investments LMD and Finance House solidify partnership
The signing of the agreement was witnessed by Mohammed Abdullah Alqubaisi, founder of Finance House, Ahmed Sabbour, chairman of LMD, and Eng. Amr Sultan, CEO of Continental Investments LMD, alongside …
Sharjah Finance Department launches registration and shipping services 24 hours a day
Sheikh Rashid Al Qasimi inaugurates the self-service facility. The Sharjah Finance Department (SFD) has partnered with “Tahseel” and MBME Group, the UAE’s largest payment aggregation platform, to …
UAE is focused on uniting parties in a COP that delivers for all : COP28 President-Designate
The COP28 President-Designate paid tribute to the work of Mia Mottley, Prime Minister of Barbados, in driving climate finance reform for vulnerable countries across the Global South. “As Prime …
UAE: Re-exports can fast-track Emirates’ economic ambitions
On March 28 this year, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced that ..
AllianceBernstein Joins Global Money Firms Setting Up in Dubai
AllianceBernstein LP is opening an office in Dubai, joining a raft of international finance firms flocking to the Middle Eastern hub.
Dubai real estate records second $1bn day in a row
Dubai Land Department reports second consecutive billion-dollar real estate day in a row Dubai real estate records second $1bn day in a row Dubai, Dubai Land Department, Dubai real estate Real Estate …
UAE records 10% surge in FDI to $23b to rank 16th globally
The UAE improved its position as the world’s 16th most attractive foreign direct investment (FDI) destination in 2022 by recording a 10 per cent surge in ..
JPMorgan’s Umunna says ‘carping’ about UAE as climate host should stop
Chuka Umunna, JPMorgan’s Head of EMEA ESG (environmental, social and governance) & Green Economy Investment Banking, said critics in richer countries should “give the presidency a chance”. “It’s a …
UAE records highest number of foreign direct investments with Dhs84 billion in 2022, says Sheikh Mohammed
The United Nations report also confirmed that the UAE is the fourth largest recipient of new project investments in the world, with a total of 997 projects, after the United States, Britain and India, …
UAE issues measures to address impact of rising interest rates on property loans for citizens
This notice was issued following approval from the CBUAE board on a set of measures aimed at easing the burden of increased interest rates on residential real estate loans for UAE nationals …
Some Middle Eastern firms pushing IPO plans to 2024 – BofA
DUBAI, July 5 (Reuters) – Several Middle Eastern companies are planning initial public offerings (IPOs) in 2024 instead of this year, a senior Bank of America executive said, amid worries of a global …
UAE’s financial advisory market likely to hit $238bln
UAE’s financial wealth will witness a strong expansion in coming years, growing from $700 billion in 2021 to $1 trillion in 2026 …
Dubai stocks hit eight-year high
Saudi Arabia would extend its voluntary output cut of 1 million barrels per day (bpd) to August, the kingdom’s state news agency reported. Russia will also reduce its oil exports by 500,000 bpd in …
Dubai real estate sector records $1.1bn day
Dubai saw more than a billion dollars of real estate transactions on Tuesday, July 4 Dubai real estate sector records $1.1bn day Dubai, Dubai Land Department, Dubai real estate Real Estate …
Wio Bank signs deal with ADX to enable instant IPO subscriptions
Wio Bank, the region’s first platform bank, has signed an agreement with Abu Dhabi Securities Exchange (ADX) to facilitate Initial Public Offering (IPO) subscriptions on ADX. This agreement allows Wio …