To meet their surging demand for investment opportunities, CICC plans to augment its banking and financing businesses in the UAE, especially after it received approval recently to open a branch in the …
IPOs in UAE raise USD890M in second quarter of 2024, Saudi Arabia dominates GCC market
In the second quarter of 2024, initial public offerings (IPOs) in the UAE markets generated a total of USD890 million, according to a recent report b …
DFM, Shenzhen Stock Exchange sign MoU to strengthen cross-border financial collaboration
Dubai Financial Market DFM and Shenzhen Stock Exchange SZSE have announced the signing of a Memorandum of Understanding MoU demonstrating a sha …
DFM and Shenzhen Stock Exchange signs MoU to strengthen cross-border financial collaboration
The partnership aims to strengthen capital market connectivity for enhanced investment opportunities in China and the UAE …
Dubai Chambers signs deal with Bank of China to support investors and enhance bilateral trade
Trade and investment ties between the two markets have been growing steadily, with Dubai emerging as an increasingly attractive destination for Chinese businesses …
Dubai Chambers signs MoU with Bank of China
The signing of the MoU comes ahead of the Dubai Business Forum – China, which will be organised by Dubai Chambers and will take place in Beijing on August 21. The event aims to highlight the diverse …
UAE Ipos Raise $890 Million In Q2 2024
Initial public offerings (IPOs) in the UAE markets raised US$890 million in the second quarter (Q2) of this year, according to a recent economic re …
UAE: Etihad Rail Launches Sustainable Finance Framework
Etihad Rail, the developer and operator of UAE’s rail network, has launched a sustainable finance framework, it said on Wednesday, as a possible step towards issuing green bonds to finance lower …
Abu Dhabi’s financial centre says company registrations up 31%
The number of companies that set up base in Abu Dhabi’s financial centre ADGM increased by 31% in the first half of the year as the likes of Morgan Stanley joined a slew of other financial services …
Court rejects bank’s request to obligate customer to pay Dhs484,000
The bank’s lawsuit was revoked due to its violation of the UAE Central Bank’s personal loan instructions as the loan granted to the customer exceeded 20 times his salary. The bank also did not commit …
Court rejects bank’s request to obligate customer to pay Dhs484,000
The bank’s lawsuit was revoked due to its violation of the UAE Central Bank’s personal loan instructions as the loan granted to the customer exceeded 20 times his salary. The bank also did not commit …
Future Health GCC launches advanced cord blood banking facility in Dubai
Future Health GCC has unveiled its state-of-the-art cord blood banking facility in Dubai Healthcare City, marking a significant advancement in healthcare o..
India’s SBI aims to sell its Yes Bank stake, worth $2.2 billion
Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in Yes Bank, two of these sources said. Sumitomo Mitsui is a unit of …
UAE national banks lend $13.48bln to private sector in 5 months
Credit facilities provided by the UAE national banks to the private sector reached AED49.5 billion ($13.48 billion) during the first five months of 2024, raising the cumulative total to AED1.182 …
Etihad Rail unveils sustainable finance framework in green push
Etihad Rail said its sustainable finance framework was developed in collaboration with First Abu Dhabi Bank and Standard Chartered Bank.
Dubai Summer Restaurant Week 2024 offers discounts at top eateries
Dubai diners will be sitting down to cut-price food at the city’s top eateries as Summer Restaurant Week returns from August 23 to September 1. The Dubai Summer Surprises (DSS) 2024 event will see …
UAE national banks lend $13.48bn to private sector in 5 months
Credit facilities provided by the UAE national banks to the private sector reached AED49.5 billion ($13.48 billion) during the first five months of 2024, raising the cumulative total to AED1.182 …