Corporate Finance, and Technology Advisory. Excellence in Global Financial Integration for NRIs: “Bank of Baroda”, the only Indian bank in the UAE with full-fledged banking operations, is recognised …
UAE could roll over $1bln loan to Pakistan – report
citing unnamed sources from the country’s Ministry of Finance. The $350 billion South Asian economy has been facing a challenging payment crisis in recent months. In January, the UAE agreed to lend $1 …
UAE savings: How to save over AED5,000 using the viral ‘100 envelopes’ TikTok challenge
adding that as UAE is also largely a “cashless society,” ensuring the right amount of cash every day can be “cumbersome.” “I know I would struggle as I rarely carry cash. The cost of taking out cash …
Scammers caught transmitting fake mobile network in Dubai
Authorities in Dubai have warned the public to be vigilant when clicking links, after they arrested a gang that set up a fake telecoms network to defraud people. The three-member Chinese gang, who …
Dubai Govt Employees to Receive Early Salary for Eid Al-Adha
Dubai government employees will receive their June salaries earlier than usual to prepare for Eid Al Adha 2024. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, issued a …
More UAE, India businesses to do cross-border settlements in rupee and dirham to save on dollar cost
More sectors will benefit from INR-AED Dr. Sahitya Chaturvedi is Head of Finance at Dubai headquartered Ajmal Group as well as being the secretary-general of the Indian Business & Professional Council …
UAE records strong financial performance in 2023 and approves financial accountability law
The UAE Ministry of Finance released its consolidated financial performance statement on Wednesday, revealing key figures for the federal government’ …
Eid Al Adha 2024: Dubai announces early payment of June salaries, says Sheikh Hamdan
Crown Prince of Dubai and Chairman of The Executive Council of Dubai has directed the Department of Finance in Dubai to pay the salaries of June earlier than scheduled. The department will disburse …
Hamdan bin Mohammed directs early disbursement of June salaries to Dubai Government employees
The decision reflects the Crown Prince’s commitment to helping employees manage their family needs and ensuring their happiness and wellbeing …
UAE’s Alef Education completes IPO bookbuild, raises $514mn
This gives Alef Education a market capitalisation of AED9.45 billion ($2.57 billion approximately) and offer proceeds of AED1.89 billion ($514 million approximately) …
UAE: ‘Alef Education’ completes IPO bookbuild, raising AED1.89 billion
Alef Education Holding on Thursday announced the successful completion of the book-build and subscription process for its Initial Public Offering (IPO) on the Main Market of the Abu Dhabi Securities …
Zand Bank and MANTRA sign landmark MoU
The collaboration between these two entities will also focus on developing frameworks to support tokenisation and distribution of RWA, in compliance with the VARA …
Bank of America Energy Banker Relocating to Dubai as Deals Surge
A senior Bank of America Corp. dealmaker is relocating from London to Dubai, according to people familiar with the matter, as transactions in the Middle Eastern energy industry boom.
Abu Dhabi edtech firm Alef’s IPO draws $20bn in orders
Alef Education’s shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital.
UAE government records revenues of $18.03bn in 2023
The figures were part of the consolidated financial statement published by the UAE’s finance ministry on Wednesday. As per the financial statement, total government assets reached Dhs391.7bn in 2023, …
How to buy property in the UAE and what can you afford?
Jordanian national Karam Albataineh and his wife Sula Al Khedery purchased a ready three-bedroom town house in Dubai’s Tilal Al Ghaf this year. The 30-year-old, who works as a finance manager at Abu …
UAE’s government records revenues of $18.03bln in 2023
CAIRO: The United Arab Emirates’ government recorded revenues of 66.2 billion dirhams ($18.03 billion) and actual expenditures of 58.2 billion dirhams in 2023, according to the consolidated financial …