Dubai, UAE, 27 January 2024: Arab Bank Group achieved solid results for the year ending December 31, 2023, reporting a growth of 52% in net income after tax of $829.6 million as compared to $544.3 …
Dubai’s focus on delivering high-quality medical care solidifies its status as leading global healthcare hub: Sheikh Maktoum
Exhibition features over 3,400 exhibitors, more than 40 international pavilions, and over 180 participating countr …
UAE makes first cross-border digital dirham payment, with $13.6m transfer to China
The payment was sent by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of the Central Bank of the UAE (CBUAE), …
UAE should scrap IPO eligibility rule to reach its tech hub goals
Abu Dhabi and Dubai sell themselves as international hubs for tech companies, with new initiatives to support start-ups and scale-ups, but rules around eligibility for equity listings will hinder the …
Egypt considers issuing UAE dirham-denominated bonds: Finance minister
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed on Monday. Maait explained that the …
DIFC’s 2030 strategy to shape the future of finance and innovation
“In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033 and DIFC’s 2030 strategy to shape the future of finance and innovation, the 2nd edition of the Dubai FinTech …
Bank fraud: UAE resident loses Dh171,000 to criminals in 15 minutes
Consumers in the UAE are being urged to remain vigilant after a recent spate of telephone bank fraud schemes, as criminals increasingly find sophisticated methods to trick people to give their …
Anwar Gargash Diplomatic Academy signs MoU with UAE Central Bank
Abu Dhabi, UAE: The Anwar Gargash Diplomatic Academy, a globally recognised diplomatic centre of excellence in Abu Dhabi, and the Central Bank of the UAE have signed a Memorandum of Understanding (MoU …
10 Tips for Setting Up Your FreeZone Company in the UAE
Setting up a Free Zone Company in the United Arab Emirates (UAE) is a strategic move for entrepreneurs and businesses aiming to leverage the region’s dynamic market. UAE’s Free Zones offer a myriad of …
Dubai FinTech Summit gathers industry leaders to drive the agenda for the future of FinTech
DFS Dialogues roundtable to discuss pressing issues and highlight key trends in the FinTech space to drive the agenda for Dubai FinTech Summit 2024. ENBD and e& sign partnership agreements in support …
Dubai Investments invests 34.3% stake in Global Fertility Partners
Dubai, UAE: Dubai Investments, the leading investment company listed on the Dubai Financial Market [DFM] has invested an equity stake of 34.3% in Global Fertility Partners (GFP), leading network of …
Cushman & Wakefield Core Dubai annual report 2023/2024
Robert says “While there is a strong demand for office spaces in Dubai, we must acknowledge the global job losses in the tech and banking sectors. This could slow down international expansions and …
Dubai Crown Prince launches initiative to accelerate global expansion of SMEs
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said, “Dubai has launched several initiatives aimed at empowering …
UAE Golden Visa: 5 ways to get 10-year residency without a job
The UAE’s much sought-after Golden Visa has been awarded to thousands … Cash deposit: High-net-worth individuals can deposit Dh2 million with a local bank for a period of two years to be eligible …
UAE: Sharjah Islamic Bank Partners with Noqodi for Digital Payment Services
UAE’s Sharjah Islamic Bank (SIB) has announced a strategic partnership with Noqodi, a Fintech company and payment gateway owned by Emaratech Group, to enhance digital payment services. In a statement, …
Dubai announces $136m boost to push city SMEs in global markets
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched the “Dubai International Growth Initiative”, allocating AED500m ($136.1m) to …
Hamdan bin Mohammed launches ‘Dubai International Growth Initiative’, allocating AED500 million to accelerate global expansion of SMEs
The initiative was launched by the Government of Dubai in partnership with Emirates National Bank of Dubai (Emirates NBD). HH Sheikh Hamdan bin Mohammed underscored Dubai’s pivotal role in the global …