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Tag: finance

Posted on 15/02/2024

Durlston partners expands global presence with the opening of Dubai office

Durlston Partners, a leading talent advisory firm specialising in technology, quantitative finance, and data science, is excited to announce the official opening of its Dubai office, marking a …

Posted on 15/02/2024

UAE: You can use Nol cards to book tickets for Etihad Rail passenger trains

Ticketing through the card will be one of the various booking and fare payment solutions available for the nationwide railway network …

Posted on 15/02/2024

Dubai’s DIFC says company registrations up 34% last year

DUBAI, Feb 15 (Reuters) – The Dubai International Financial Centre (DIFC) witnessed a 34% growth in new registrations last year, bringing the total number of active companies in the Gulf’s financial …

Posted on 15/02/2024

Dubai: More than 5,500 jobs created by new firms in DIFC

A round 5,514 new jobs were created by the companies in the Dubai International Financial Centre last year, an increase of 15 per cent from the previous year. The number of people …

Posted on 15/02/2024

Why you should invest in Dubai’s real estate: 11 advantages

Dubai’s robust economy, supported by diversified sectors such as tourism, finance, and trade, provides a stable environment for real estate investment. Additionally, fast-tracked urban development …

Posted on 15/02/2024

FIA unearths bank fraud including counterfeiting

Additional Director General of FIA, Mujahid Akbar Khan, briefed the Senate Standing Committee on Finance on the progress of a Rs410 million fraud that DIB bank’s officials allegedly committed against …

Posted on 15/02/2024

UAE’s Ajman Bank pivots to net loss of $106mln for 2023

The UAE-based lender Ajman Bank saw a 66% surge in operating income for the full year 2023, although it posted a net loss due to one-off provisions. Total operating income reached 1.56 billion dirhams …

Posted on 15/02/2024

Dubai’s end-user buyers should not wait on their home purchases – certainly not now

The drop in mortgage rates will only make Dubai Hills Estate a more competitive space, and I expect there to be a significant rise in activity across apartments and mid-range villas. For luxury …

Posted on 15/02/2024

UAE Golden Visa $272,000 rule change ‘widens door for more diverse pool of Dubai real estate investors’

Farooq Syed, CEO of Springfield Properties, a prominent real estate brokerage in Dubai, has hailed the elimination of the AED1m ($272,000) minimum down payment for real estate investments to qualify …

Posted on 15/02/2024

ALTÉRRA: How the UAE climate fund plans to mobilise $250bn by 2030

The UAE has committed $30bn to ALTÉRRA, making it the world’s largest private investment vehicle for climate change action, and the fund aims to mobilise $250bn globally by 2030, Ambassador Majid Al …

Posted on 14/02/2024

UAE Ministry of Finance explores financial strategies for a better future at World Governments Summit

The UAE Ministry of Finance concluded its participation in the World Governments Summit (WGS) 2024, under the theme of “Shaping Future Governments”. The event saw the participation of heads of state, …

Posted on 14/02/2024

Oyo mulls freezing IPO plan, to opt for private raise: Report

Oyo, which has major operations in the UAE, had filed a draft application for an IPO in October 2021 with the Indian market regulator for over $1 billion …

Posted on 14/02/2024

PM Modi, UAE counterpart launch Bharat Mart for promoting Indian MSMEs

Prime Minister Narendra Modi and his UAE counterpart Sheikh Mohamed bin Rashid Al Maktoum on Wednesday virtually laid the foundation stone of Bharat Mart that will offer the Indian MSME sector an …

Posted on 14/02/2024

Jai Sankar Viswanathan appointed as Global Head of Finance for WeFreight

Dubai, UAE:– WeFreight is pleased to announce the recent appointment of Jai Sankar Viswanathan as Global Head of Finance. With over 30 years of distinguished experience in finance within the logistics …

Posted on 14/02/2024

UAE: Can social media fetch you the same amount of money as a stable job? Influencers weigh in

These content creators either started posting on Instagram and Tiktok to supplement their income or just as a way to pass time …

Posted on 14/02/2024

Dubai Islamic Bank offers new credit card with many benefits

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, has launched “SHAMS” Credit Card in partnership with Visa, a world leader in digital …

Posted on 14/02/2024

Dubai Islamic Bank launches ‘SHAMS’ credit card in partnership with Visa

The SHAMS Visa Credit Card offers unique cashback, travel, lifestyle and rewards in a single product for the customers …

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