Three substantial deals were conducted by Dubai Financial Market, involving the shares of ‘Takaful Emarat,’ ‘SHUAA Capital,’ and ‘Salama – Islamic Arab Insurance’ …
UAE introduces framework for regulation of short-term credit facilities
Acknowledging the global shifts in consumer financial trends and the increasing demand for “Buy-Now, Pay-Later” and similar credit products and services, the Central Bank of the UAE (CBUAE) has …
India allows it banks to import UAE gold at lower duty
India has permitted banks in the country to import gold from the UAE at concessional duty in a significant policy tweak that is expected to provide a major boost to the local gold exporters. The …
Commercial Bank of Dubai and Arabian Gulf Mechanical Centre L.L.C join forces
Dubai: Commercial Bank of Dubai (CBD), a prominent United Arab Emirates (UAE) national bank, is pleased to announce its strategic collaboration with Arabian Gulf Mechanical Centre L.L.C (AGMC), the …
Al Maryah Community Bank signs MoU with Real Estate Regulatory Agency
Marwan bin Ghalita, CEO of the Real Estate Regulatory Agency (RERA), expressed, “We are pleased to conclude this agreement with Al Maryah Community Bank. Through this partnership, we anticipate …
Indian investors put in USD 335 million as FDI in Dubai during January-June: Vestian
“Dubai witnessed significant investments (FDI) from Indian investors, amounting to USD 1.6 billion between 2020 and H1 (January-June) 2023. Dubai’s strategic location along with tax-friendly policies …
Dubai Insurance Company assigned “A” Rating for insurance financial strength with Stable Outlook by Fitch Ratings, London
Dubai: For the first time in over five decades of operations, Dubai Insurance Company P.S.C. (DIN) has received an IFS “A” Rating with a Stable Outlook from London’s globally-renowned ratings agency …
Strong cash flows for UAE stocks in Christmas Day trade
UAE stocks exhibited strong cash flows on Monday, surpassing Dhs1bn in market liquidity. The International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) emerged as …
For every missed IPO, there is the comfort of an SIP
In favourable market conditions, IPOs undeniably possess rockstar appeal, but mutual fund investments are generally considered fair-weather …
MetaSoilVerse shines at iconic Finance Expo 2023, reveals parcel surprise, and secures award
An innovative platform boosted Dubai’s Iconic Finance Expo into the future, attracting people and leaving them craving more of the limitless possibilities ..
UAE financial markets undergo sustainability-driven transformation: LSEG’s Nadim Najjar
Nadim Najjar, MD, Central Eastern Europe, Middle East Africa at LSEG, tells WAM UAE financial markets are undergoing a remarkable transformation, driven by global and regional trends, particularly in …
H.E. Bin Touq opens global conference on Islamic finance & reviews UAE’s efforts in developing legislative system to drive the sector’s growth
His Excellency Abdulla bin Touq Al Marri, UAE’s Minister of Economy, inaugurated the international conference on “Islamic Financial Transactions between Legislation and Practice” in accordance with …
UAE financial markets undergoing sustainability-driven transformation, says LSEG’s Nadim Najjar
Nadim Najjar, Managing Director, Central Eastern Europe, Middle East Africa (CEEMA), for the London Stock Exchange Group (LSEG), asserted that UAE financial markets are undergoing a remarkable …
Nearly 97% Of UAE Companies Planned To Increase, Maintain, Or Begin Investment In Sustainable Strategies Before COP28
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PureHealth soars 69% after nearly $1bn IPO in Abu Dhabi
Shares in PureHealth traded at Dhs5.5 on Wednesday as the Abu Dhabi market opened against an IPO offer price of Dhs3.26 per share.
FSRA updates AML rules to safeguard UAE’s financial landscape
In a move aimed at bolstering its stance against money laundering, terrorism financing, and proliferation financing, the Financial Services Regulatory Authority (FSRA) of the United Arab Emirates (UAE …
Mansoor Al Mansoori: The success following PureHealth’s IPO reflects investors’ trust in Abu Dhabi’s healthcare sector
This reflects investors’ trust in Abu Dhabi’s healthcare sector and cements its position as a reliable and attractive investment and economic destination, which further enhances and supporting the nat …