Katarina Premfors The UAE follows the US Federal Reserves policy rate moves. Photo: Abu Dhabi Tourism . The Central Bank of the UAE raised its benchmark borrowing rate after th …
UAE Central Bank follows Fed move to hike interest rates by 25 basis points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.4% to..
UAE raises base rate by 25 basis points
ABU DHABI, 1st February, (WAM) — The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.4% to 4.65%, …
Mideast Stocks: Dubai leads Gulf markets higher; Qatar ends lower
Dubai’s benchmark index snapped its losing streak since Friday, climbing 1.4% and marking its best day since September …
Dubai leads Gulf markets higher; Qatar ends lower
Dubai stock market closed higher on Wednesday, outperforming the Gulf region, while Qatari stocks retreated amid volatile energy prices.
Dubai Financial Market Company posts 41.7% rise in net profit in 2022
Read: Dubai Financial Market Company posts Dhs103.8m net profit for 2021, dipping 24.7% y-o-y. Revenues for the year 2022 equated to Dhs351.2m, up 19 per cent compared to Dhs294.6 …
Mortgage Finder UAE reveals stable momentum in transactions despite challenges in 2022
(MENAFN- Weber Shandwick) DUBAI, UNITED ARAB EMIRATES, 31 January 2023: Mortgage Finder has announced the launch of its Mortgage Market Annual Report 2022, sharing key insights on real estate mortgage …
Dubai International Financial Centre launches new metaverse platform
The move is part of a “comprehensive strategy” being developed by the centre to accelerate Dubai’s status as a global metaverse leader, Dubai Media Office said in a statement on Monday. The platform …
Dubai records over $544.5mln in realty transactions Tuesday
DUBAI – Dubai real estate market recorded 471 sales transactions worth AED1.87 billion, in addition 70 mortgage deals of AED122.36 million, and 14 gift deals amounting to AED130.13 million on Tuesday, …
MENA IPO market sees record year with 51 listings and $22bn raised
There were a record number of IPOs in the MENA region last year as $22bn raised with sale offers MENA IPO market sees record year with 51 listings and $22bn raised GCC IPO activity, GCC IPO market, …
UAE’s first T-bond auction of 2023 gets bids worth Dh6.85b
Provided by Khaleej Times The first auction of the UAE T-Bond programme in 2023 witnessed a strong demand through the six primary bank dealers. The UAE’s first auction of tre …
Dubai announces rent can now be paid by direct debit instead of cheque
Tenants can pay rent automatically through the Noqodi Ejari Direct Debit Service (DDS) Dubai announces rent can now be paid by direct debit instead of cheque Real Estate …
Dubai real estate market ‘momentum’ to slow down this year
Dubai will continue to attract strong demand from property investors and witness project launches this year, but the “momentum” in the market is expected to slow in the wake of global turbulences, …
Mena raises $22bn with record 51 IPOs in 2022: EY
The Mena region saw a record number of IPOs in 2022 with 51 IPOs and combined proceeds of $22 billion, said professional services firm EY in a new report. The year witnessed a 143% increase in the …
Dubai International Financial Centre launches metaverse platform
Dubai International Financial Centre launches Metaverse Platform with an aim to attract technology innovators from around the world.
Mideast Stocks: Most Gulf bourses decline, tracking oil prices; Dubai gains
Saudi Arabia’s benchmark stock index slipped 0.5%, dragged down by financial and real state stocks … 500% growth in fourth-quarter net profit and a 76% increase in revenue. Dubai’s benchmark index …
Dubai launches Economic Agenda ‘D33’
Economic targets of US$8.7 trillion over the next decade Agenda aims to double the size of Dubai’s economy and consolidate its position among the top 3 global cities The new Dubai Economic Agenda …