An investor who says he’s a relative of Dubai’s ruling family has abruptly delayed plans to open a family office in Hong Kong just days after making a pledge to expand in the Asian financial hub.
China, Türkiye, UAE banking scrutiny hampers Russia’s oil payments
Russian oil companies are encountering significant delays in receiving payments for their crude oil and fuel shipments due to heightened scrutiny by …
Intellistocks Clinches Best Wealth Manager Title for UAE from World Finance Award-UK for Second Consecutive Year
Intellistocks, a premier global financial advisory firm, is honoured to announce its consecutive win as the ‘Best Wealth Manager for the UAE’ at the prestigious World Finance Award-UK for the year …
Dubai real estate: Should I sell my property in 2024? Experts weigh in
As Dubai’s booming luxury property market hits new highs, property experts advise both sellers and buyers to strategically time their moves for maximum gains based on location, condition, and investme …
Dubai considers IPO for ALEC amidst property boom: Reports
The potential IPO of ALEC comes amidst a robust property market in Dubai, driven by strong demand for both commercial and residential real estate. As deliberations continue, market observers eagerly …
UAE pension payments rise to $208.7mln
The UAE government is disbursing higher pension payments for the month of March compared to a year ago, as the number of beneficiaries has increased. The General Pension and Social Security Authority …
Middle East Roundup: Trowers Builds Out Real Estate in UAE, Al Tamimi Hires Egypt Banking Head
Trowers & Hamlins, Al Tamimi & Co, Stephenson Harwood and Ashurst have all taken steps to build in the Middle East. Trowers & Hamlins has reinforced its real estate presence in the Middle East with …
Dubai Investments launch $81.7 million Violet Tower in JVC
Dubai Investments has announced a 287-unit, 27-floor residential unit in Jumeirah Village Circle (JVC). The investment company, listed on the Dubai Financial Market (DFM), will put up AED300 million …
4 UAE Banks Help Raise Dh4.25-Billion Syndicated Loan For Africa
Four UAE banks helped Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, raise a $1.16-billion (Dh4.25-billi …
UAE’s treasury sukuk auction oversubscribed 7X
The UAE’s Islamic Treasury Sukuk (T-Sukuk) auction of 1.1 billion dirham ($299.5 million) was oversubscribed more than seven times and received bids worth AED7.83 billion for the three-year and …
UAE bank branches experience highest revenues, averaging USD18.6M per branch
According to a senior executive at Roland Berger, UAE bank branches are experiencing the highest revenues in the region, averaging USD18.6 million pe …
Abu Dhabi Islamic Bank contributes AED 3mln to Mothers’ Endowment campaign
Abu Dhabi Islamic Bank (ADIB), the leading financial institution, has contributed AED 3 million in support to the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al …
Dubai real estate: Huspy announces new mortgages below UAE EIBOR rate
Dubai real estate startup Huspy has revealed new mortgages in the UAE with rates under 4 percent, making it lower than the current Emirates Interbank Offered Rate (EIBOR) benchmark. The company said …
UAE Golden Visa: Wealthy ‘retirees’ flock to Dubai after $272,000 rule change
Dubai’s exceptional services and amenities, including addition of a range of world-class healthcare facilities, are also acting as catalysts for potential relocation for cash-rich retirees …
Huspy unveils mortgage offers under 4% for homebuyers as UAE Central Bank holds rates steady
Lowest mortgages since 2023 interest rate hikes are available on Huspy between 3.85% to 3.99% including a special Ramadan offer …
My Dubai Salary: ‘I earn up to Dh60,000 a month from three jobs’
Audrey Hametner, a British-born Canadian in the UAE, currently earns a monthly income from three different jobs. She founded a company called The Bedrock Program in 2019, works as a fractional chief …
Dubai’s Tristar plans sale 3 years after IPO shelved – report
Dubai-based Tristar Transport is again looking to sell itself three years after it shelved plans to launch an initial public offering (IPO) Bloomberg reported, citing people familiar with the matter.