The mortgages included 94 villas and apartments worth AED538.96 million and 19 land plots valued at AED736.16 million. Dubai real estate market recorded 440 sales transactions worth AED830.88 million, …
Buying property in Dubai: Top buyer nationalities revealed
Betterhomes recorded a mortgage increase by 14% in the last quarter with a growing number of buyers favouring cash purchases. Buying property in Dubai: Top buyer nationalities revealed. Arabian …
Dubai International Financial Centre enacts new venture studio regulations
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, on Thursday announced the enactment of the new venture studio …
UAE holds fifth financial dialogue with the Swiss Confederation
The UAE, represented by the Ministry of Finance (MoF), has held the fifth financial dialogue with the Swiss Confederation in the Swiss capital, Bern. Both parties discussed bolstering strategic …
Dubai property deals hit another high on Wednesday at AED2.2bn
Wednesday’s deals included 440 sales transactions worth AED830.88 million, 113 mortgage deals of AED1.28 billion and 22 gift deals amounting to AED100.85 million Dubai property deals hit another high …
Dubai: Meet India’s ‘Mark Zuckerberg’ who now runs billion-dollar company from the emirate
Founder of world’s first sustainability-focused blockchain startup wants to impact a billion lives from its UAE headquarters …
UAE telecom group arm e& acquires majority stake in p2p financing platform Beehive
The acquisition will help the e& group to tap into opportunities in the SME lending market UAE telecom group arm e& acquires majority stake in p2p financing platform Beehive Beehive, e&, Telecom, UAE …
UAE holds the Fifth Financial Dialogue with the Swiss Confederation
The dialogue aims to discuss means of bolstering strategic relations and bilateral cooperation in various development, economic and financial fields of common interest …
Commercial Bank of Dubai ’s net profits jump 33.5% in Q1-23
Dubai – Commercial Bank of Dubai (CBD) witnessed 33.40% year-on-year (YoY) higher net profits at AED 575.22 million in the first quarter (Q1) of 2023, compared to AED 431.33 million. The UAE lender …
Standard Chartered Partners with Dubai Fintech Summit to Drive the Future of Digital Financial Innovation
International banking group Standard Chartered has taken on host sponsorship of the Dubai FinTech Summit to be held in Dubai next week 8-9 May 2023. Organised by Dubai International Financial Centre …
Dubai records over AED 2.2 billion in realty transactions
Dubai real estate market recorded 440 sales transactions worth AED830.88 million, in addition to 113 mortgage deals of AED1.28 billion, and 22 gift deals amounting to AED100.85 million on Wednesday.
Dubai Islamic Bank okays acquisition of digital banking group in Türkiye
Dubai Islamic Bank’s board of directors has given the green light to acquire a 25% stake in a new digital banking group in Türkiye. Although …
Dubai Industrial City signs key strategic partnerships
The agreements will amplify local and regional opportunities for industrial growth through Dubai Industrial City’s purpose-built ecosystem …
UAE starts Q2 on strong footing as new businesses post 17-month high growth
Driven by the fastest growth in new business since November 2021, business conditions at private non-hydrocarbon sectors in the UAE improved at a sharp and..
Dubai FinTech Summit eyes $305bn market
Dubai FinTech Summit will focus on emerging finance sector as city looks to be global hub Dubai FinTech Summit eyes $305bn market DIFC, Dubai, fintech, fintech business, fintech companies, fintech …
Dubai investment bank Rasmala launches $2bn UK property strategy
Dubai-based Rasmala Investment Bank has launched a $2 billion, five-year strategy to create a portfolio of residential properties in the UK to cater to growing interest from GCC investors. The …
Dubai’s TECOM Q1 net profit jumps 34%; beats estimate
Dubai business park operator TECOM Group posted a 34% rise in Q1 2023 net profit to 255 million dirhams ($69 million) and expects to see growth continue for the rest of the year. The results easily …