Spinneys plans to expand its store network in the UAE and enter the Saudi market for the first time, Al Khaleej newspaper reported, citing the CEO Sun …
UAE stresses importance of uniting global efforts to confront international development challenges
The UAE concluded its participation in the 2024 Spring Meetings of the International Monetary Fund and the World Bank Group, held in Washington, DC, where the main ministerial meetings and events were …
UAE approaches completion of digital currency strategy with ‘Digital Dirham’ initiative
The United Arab Emirates (UAE) is on the brink of finalizing the initial phase of its Central Bank’s ambitious strategy for the introduction of the d …
Snowdrop and PwC Middle East empower banks with Transaction Enrichment Technology for enhanced digital banking experience
Snowdrop Solutions, a leading provider of advanced transaction enrichment solutions, is pleased to announce a collaboration with PwC Middle East, one of the world’s leading professional services firms …
Treat yourself to flavourful savings with the unmissable 10 Dirham dish this Dubai Food Festival
Dirham Dish delivers savoury delights at an unbeatable price, running throughout DFF; Participating restaurants, including renowned restaurants and vibrant street food spots, w …
Elevating Possibilities: The Countdown For WBS Dubai Begins
Mark calendars for an unparalleled gathering of blockchain and web3 pioneers as the 29th World Blockchain Summit, organized by Trescon and …
Non-Residents Account For 35% To 40% Of Total Mortgage Bookings In The UAE
The UAE’s mortgage market is experiencing a transformative surge, driven by the substantial interest from non-residents. Constituting be …
The Saudi Central Bank Grants License To Funding Souq For Debt Crowdfunding Platform Operations In The Kingdom
RIYADH, SAUDI ARABIA / ACCESSWIRE / April 20, 2024 / The Saudi Central Bank, also known as SAMA, has issued a license to Funding Souq, adebt crowdfunding platform , allowing it to operate within the …
Cryptex Finance launches innovative category index tokens in Dubai
Cryptex Finance – a decentralized protocol making crypto native markets accessible to users worldwide, announced the upcoming launch …
IMF, World Bank steering committee stresses accountability as reforms advance
The steering committee for both International Monetary Fund and the World Bank on Saturday emphasized the need for broader accountability as the institutions implemented reforms to help countries …
World Bank Projects GCC Growth Rate to Score 3.6% in 2024 and 3.8% in 2025
As MENA countries mostly adopt a reactive market approach, leading sectors in the GCC are directly affected by the Fed’s monetary policies.The indecisive statistics for the interest rate outcome in …
Remittance from UAE, UK surges in July-March FY24; declines from Saudi, US
Remittance inflows have surged by around $1 billion during the July-March period of FY24 compared to the corresponding period of the previous fiscal year, driven by significant increases from …
UAE Central Bank issues Q4 2023 Credit Sentiment Survey report
Results are based on the responses received from a panel of 70 UAE financial institutions The UAE Central Bank located on the Baynoonah street in Abu Dhabi. Image Credit: Gulf News archives Abu …
Central Bank of the UAE (CBUAE)
Interview: Khaled Mohamed Balama To what extent can the regulatory landscape help banks benefit from disruptive technologies? KHALED MOHAMED BALAMA: The regulatory landscape in the UAE is under …
Is Dubai’s real estate sector poised for a slowdown?
Despite the global slowdown and spiking interest rates, Dubai witnessed a sharp increase in the value of home mortgage approvals, property prices, and residential rents. But has the real estate market …
UAE: MoF launches ‘digital public consultation’ on R&D tax relief
The digital public consultation reflects the Ministry’s belief in the importance of consulting with all stakeholders including businesses operating in the UAE, advisors, service providers, institution …
UAE signs 11th economic partnership deal amid trade expansion push
The UAE signed its 11th Comprehensive Economic Partnership Agreement on Friday as it continues to focus on boosting economic and trade ties with different countries. Arab world’s second-largest …