Tag: finance

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, …

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 …

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 …

UAE’s Ministry of Finance issued a total of $2 billion in bonds and Sukuk in 2023 and plans to issue bonds valued at $1.3 billion for Q1 2024, announced Undersecretary Younis al-Khoori. Speaking to …

The exposure of the 10 biggest UAE banks to real estate, which analysts put at more than 30% during the 2008-9 financial crisis, has decreased for nine straight quarters, according to consultancy …

The Islamic finance sector is expected to grow by around 10% globally in 2023 and 2024, according to earlier estimates by S&P Global Ratings …

He highlighted the role of the Sustainable Finance Working Group in the UAE, promoting environment-friendly investments to mitigate long-term vulnerabilities to climate change and realising …

The UAE and Saudi Arabia are leading the charge for “green financing” in the Middle East and North Africa. The UAE topped regional green bond league tables, with sales reaching $10.7bn, up nearly 170 …

purchase a more valuable home without the need to have the full amount sitting in their bank account.” According to Bramley, borrowing from the UAE differs from many regions around the world, “making …

The UAE Ministry of Finance, in collaboration with the International Monetary Fund (IMF), kicked off an awareness programme on Government Finance and Public Sector Debt Statistics in Dubai, which will …

He highlighted the role of the Sustainable Finance Working Group in the UAE, promoting environmentally friendly investments to mitigate long-term vulnerabilities to climate change and realising …

Dubai’s General Directorate of Residency and Foreigners Affairs … Furthermore, for properties bought using a bank mortgage or installment plans, homebuyers had to make a minimum down payment of …

Emirates NBD, Dubai’s biggest lender, reported a Q4 2023 net profit of 4 billion UAE dirhams ($1.09 billion), up 3% year-on-year. For FY 2023, the lender reported a net profit of AED21.5 billion, up …

Dubai bank’s top-line numbers also flew into record gains with Dh4.77b EIB’s customer deposits grew incrementally, up 9 per cent to Dh61.3 billion. Image Credit: Clint Egbert/Gulf News Dubai: The …

UAE’s top bank has announced that it will not update customers’ personal details and documents at its branches from next month. In a notice sent out to its customers on Wednesday, First Abu Dhabi (FAB …

Abu Dhabi-listed The National Investor (TNI) has issued an alert about scammers using its details to extract UAE residents’ and investors’ personal and banking information. In a statement issued by …

The UAE Ministry of Economy is setting up a special body to provide financing to small and medium-sized enterprises (SMEs) and start-ups. The “Intangible Assets Finance Committee” will help businesses …