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 …
UAE Ministry of Finance Plans to Issue $1.3 Bn Bonds, Sukuk in Q1 2024
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 …
Analysis-Dubai’s Property Boom Shows Signs of Fizzling Out
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 …
Global Islamic finance market would reach $4.9 trillion by 2025: Malaysian Trade Commissioner
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 …
UAE plans to issue bonds, sukuk valued at $1.36bn in Q1 2024
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 …
UAE and Saudi Arabia lead $24bn MENA green bond league table
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 …
Dubai real estate: All you need to know as a first time homebuyer
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 …
Ministry of Finance hosts ‘Government Finance and Public Sector Debt Statistics’ awareness programme
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 …
UAE plans to issue bonds, sukuk valued at $1.36bln in Q1 2024
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 …
UAE Golden Visa: Dubai makes major change to property down payment requirement
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 …
Dubai’s biggest bank Emirates NBD posts 3% rise in Q4 net profit; misses estimate
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 …
Emirates Islamic Bank turns in Dh2.12b net profit despite higher provisions
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: Top bank will not update customers’ details at branches from February 2024
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 …