The brokerage ranked First Abu Dhabi Bank (FAB), listed on ADX, as its second-best pick among the UAE banks, maintaining its “overweight” call and increasing target price by 5.3% to AED 20 per share.
JP Morgan-backed ISG partners with Bank of Baroda to launch UAE’s Jaywan Cards
The introduction of Jaywan Cards will help Bank of Baroda’s UAE unit significantly enhance merchant acceptance by offering lower costs and fees …
Etihad Airways is IPO-ready, but no date has been decided yet, says CEO
Many companies in Dubai and Abu Dhabi have gone public over the past few years, as governments are looking to further deepen local stock markets.
Nisus Finance on why global investors are turning to UAE real estate
Amit Goenka, Chairman and MD of Nisus Finance, explains why and how this is happening and how the market will benefit from the influx of new capital …
Emirates Development Bank launches game-changing digital banking platform to empower UAE entrepreneurs
From a single app, entrepreneurs can manage payroll, invoicing, and payments, monitor cash flow, and access a growing suite of value-added services — including smart integrations with fintech …
Dubai’s first IPO of the year attracts $15.2bln of demand: IFR
Shares priced at the top of a Dh1.07–Dh1.10 range and the upsized offer of 1.95bn shares attracted Dh56bn of demand, or around $15.2bln …
ADIB and MoIAT sign agreement to accelerate investment in the UAE’s industrial and technology sectors
Partnership aims to provide tailored Sharia-compliant financial solutions to empower SMEs Dubai, UAE – Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the UAE, has signed an …
Dubai Financial Expert Programme inaugural cohort welcomes 20 Emirati leaders
Dubai International Financial Centre (DIFC) and the Mohammed bin Rashid Centre for Leadership Development (MBRCLD) announced that 20 Emirati leaders have joined the inaugural cohort of the Dubai …
UAE Banks to Hike Minimum Balance to Dh5,000 from June 1
Several UAE banks are set to increase the required minimum balance in personal accounts from Dh3,000 to Dh5,000, starting June 1. This update will apply to customers who don’t hold a credit card, loan …
Some UAE banks to raise minimum balance requirement from June 1: Report
These banks have stipulated that customers must hold a credit card or personal financing to be exempted from the minimum balance fee of Dh25.
How a Dubai firm vanished overnight with millions, leaving Indian investors in the lurch
Investigations revealed that Sigma-One Capital is not authorised by either the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA).
UAE brands surge 22% to $88.5bn with ADNOC, e& leading transformation
Brand Finance report shows UAE’s top brands gaining global ground through innovation, consolidation, and bold transformation.
UAE: corporate tax exemption to extend to some foreign companies
The idea is ‘to ensure equal tax treatment between local and foreign entities owned by certain exempt entities’ …
Dubai Holding sets IPO price for Dubai Residential REIT at AED 1.10
The final offer price for the Offering of 1,950,000,000 Units in the Dubai Residential REIT IPO has been set at AED 1.10 per Offer Unit, at the top end of the price range, implying a market …
Investors, Including Indians, Lose Millions As Dubai Firm Vanishes Overnight
A UAE-based brokerage firm vanished overnight, taking millions of dirhams from investor funds. Until last month, Gulf First Commercial Brokers had two office spaces in Capital Golden Tower in Dubai’s …
Dubai Holding prices residential REIT IPO, aims to raise $584mln
Dubai Holding is looking to raise 2.14 billion UAE dirhams ($584 million) through its residential REIT IPO, with the price set at AED 1.10 per unit, making it the largest REIT in the GCC. The top the …
Maktoum bin Mohammed issues decision to protect public employees who report financial or administrative violations
In his capacity as Chairman of the Financial Audit Authority, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of …