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Tag: finance

Posted on 08/04/2024

Dubai Police arrests 494 individuals involved in phone fraud targeting bank customers

The fraudsters utilised various deceptive methods, including phone calls, emails, SMS, and social media links, to trick victims and access their savings and bank accounts. Dubai Police seized …

Posted on 08/04/2024

Dubai: 494 arrested for phone fraud cases, targeting banking customers

The fraudsters used phone calls, emails, SMS, and social media links to trick victims and access their savings and bank accounts …

Posted on 08/04/2024

UAE: ADX, DFM log nine large deals worth $435mln during Ramadan

According to market data, ADX saw the execution of five large direct deals on 243.4 million shares worth $186.18mln …

Posted on 08/04/2024

First Abu Dhabi Bank eyes Turkish acquisition in overseas expansion drive

FAB, which was created through the merger of National Bank of Abu Dhabi and First Gulf Bank in 2017, has been exploring opportunities to expand overseas like its GCC peers. Saudi Arabia’s largest bank …

Posted on 07/04/2024

Hedge Funds Explore New Defi Exchange Token O2T Before Bitcoin (BTC) Halving and Ethereum (ETH) ETF

In the intricate dance of market anticipation and strategic investment, hedge funds are turning their gaze towards a burgeoning opportunity in the cryptocurrency domain: (O2T). This new DeFi exchange …

Posted on 07/04/2024

UAE, Saudi Arabia to drive regional growth despite oil cuts, conflicts

Buoyed by a stronger-than-expected non-oil GDP growth in the UAE and Saudi Arabia, the Middle East economy remains robust, despite oil cuts and geopolitical turbulence, according to economists. The …

Posted on 07/04/2024

UAE stock markets see large influx of liquidity in real estate, financial sectors

Throughout the week’s trading sessions, local stock markets in the UAE experienced a significant influx of liquidity, totaling approximately 6.5 bill …

Posted on 07/04/2024

UAE, GCC banks’ Turkish subsidiaries to benefit from macroeconomic shift

The Turkish subsidiaries of GCC banks’ net monetary losses were $2.6 billion in 2023 as compared to $.9 billion in 2022, with Turkish inflation averaging 53 per cent over the ye …

Posted on 07/04/2024

My Dubai Rent: Entrepreneur pays Dh100,000 for one-bedroom flat in Downtown

My Dubai Rent takes you inside a reader’s home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don’t likeEntrepreneur and venture capitalist …

Posted on 07/04/2024

Why are Indians keen to acquire expensive properties in Dubai and London?

This recent trend of Indians lapping up real estate globally is a part of the plan B option of HNIs and UHNIs.

Posted on 07/04/2024

MBRHE signs deal worth Dhs10m to support community initiatives in Dubai

This step reflects the shared commitment of both MBRHE and DIB to their social responsibility and their determination to have a meaningful impact on the lives of individuals and the community.

Posted on 06/04/2024

Beauty retailer Purplle in early talks for $100mln funding from UAE wealth fund

Purplle, an Indian online beauty retailer, is in the early stages of talks for a $100 million investment from Abu Dhabi Investment Authority (ADIA), Mint, an Indian business newspaper, reported, …

Posted on 06/04/2024

Dubai: Gold prices jump nearly Dh6 per gram in day, close at new record high

Gold prices rally continued on Friday, closing at a record high in the UAE, gaining nearly Dh6 on Friday alone … Vijay Valecha, chief investment officer, Century Financial, said long-term investors …

Posted on 06/04/2024

Aggregate capital, reserves of UAE-based banks increase to $136.23bln by end of January 2024

ABU DHABI – The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED500 billion at the end of January 2024, according to the latest statistics from the …

Posted on 06/04/2024

Emirates Development Bank delivers record increase in industrial GDP impact, bringing total financing since 2021 to AED10.4 billion

Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the …

Posted on 05/04/2024

UAE stocks see AED6.5 billion inflow, Global Holding & Emaar lead

UAE stock markets attracted liquidity of nearly AED6.5 billion during the week’s trading, with the focus mainly on stocks in the real estate, financial and banking sectors.The weekly liquidity was …

Posted on 05/04/2024

Stringent background checks on investors such as Dubai’s Sheikh Ali Al Maktoum could send wrong message about Hong Kong, sources say

Heavy scrutiny of Dubai prince launching US$500 million family office in city could have ‘potentially offended’ other overseas investors, three senior officials say But source admits only cursory …

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