Tenants are increasingly requesting landlords to pay rent via online bank transfers rather than cheques. This facility is also offered by property owners to some of those new Dubai residents who have …
Dubai SME announces interest-free loans for businesses affected by severe weather
Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a subsidiary of the Dubai Department of Economy and Tourism (DET), has announced an initiative to support …
Dubai ranks first in the Arab World in 2024 Leading Maritime Cities report
Achievement defined by 5 key factors: shipping centres, maritime technology, ports and logistics, attractiveness and competitiveness, as well as financial and legal aspects Dubai also gains two …
Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 …
Bank of Sharjah acts as Joint Lead Manager and Bookrunner in a US$ 300 Million Sukuk for Kuwait International Bank
Bank of Sharjah, one of the leading commercial banks in the UAE, reaffirms its commitment to expanding its presence in lo …
Dubai: Interest-free loans announced for some businesses hit by heavy rains
Interest-free loans could be granted to some small and medium-sized enterprises in Dubai that were hit by record rains last week, it was announced on Saturday.This new initiative for Emiratis was …
Dubai SME rolls out interest-free loans for businesses affected by severe weather
Furthermore, the new initiative provides interest-free business loans for material damages and postpones loan repayments for affected business owners who are members of Dubai SME. This contributes to …
Dubai real estate: Property market shatters records with over 30,000 transactions in Q1 2024
The Dubai real estate market witnessed an unprecedented surge … respectively. Notably, the percentage of mortgage buyers has climbed to 37 percent, compared to 35 percent in the same period last …
Two long-time Walleye Capital execs are retiring amid makeover at $5.7 billion fund
Walleye partners Andrew Carney and Mark Zeldis will leave the firm in the coming months. The fund’s C-suite has undergone a revamp in recent months.
Hedge Fund Founder Claims Controversial Tax Trades Were ‘Completely Legal’
Sanjay Shah, the hedge fund founder accused of masterminding a Cum-Ex trading scheme that robbed £1.4 billion ($1.7 billion) from the Danish government, claimed he thought the transactions were …
A Dubai Firm Pledged $13 Billion for 20 Years of South Sudan Oil
The loan from an obscure UAE company may tie up most of South Sudan’s oil revenues for many years, UN investigators say.
Meet Sheikh Tahnoon bin Zayed Al Nahyan: The royal known as UAE’s $1.5 trillion man
Abu Dhabi’s Sheikh Tahnoon bin Zayed Al Nahyan is one of the most sought-after people in the Middle East. Money managers and financiers flying into the United Arab Emirates from Hong Kong, London or …
WEE Marketplace secures $10mn funding from Dubai firm
WEE Marketplace, the pioneering marketplace known for its fast product delivery across the UAE, announced securing a $10 million funding from Dubai-based SIG Investment. The fund infusion will be by …
Dubai’s Emirates NBD posts better-than-expected 12% rise in Q1 profit
Emirates NBD , Dubai’s biggest bank by assets, reported on Thursday a 12% rise in first-quarter net profit, driven by regional growth, higher transaction volumes, a low-cost funding base and …
Bankers push for Middle East follow-ons to boost liquidity after IPO frenzy
The banker added that a more liquid and sophisticated follow-on market in the Middle East was the logical next move for the market’s development in the region, along with the ongoing introduction of …
UAE Economy Set To Expand At ‘Fastest Clip’ In GCC
Buoyed by strong performance in non-oil sectors, the UAE economy is on track to expand at the fastest clip in the region while Saudi Arabia will gro …
United Arab Bank posts 25% rise in Q1 net profit
Total income was higher by 33 per cent at Dh163 million during the period Dubai: United Arab Bank posted a 25 per cent rise in net profit after tax for the first quarter of 2024 as a result of is a …