Abu Dhabi’s ADNOC on Tuesday announced a 14-year $7 billion to $9 billion deal with Indian Oil Corp to supply 1.2 million metric tonnes of liquefied natural ga …
UAE: Dubai logs over AED 2.4bn in realty transactions Tuesday
Dubai’s real estate market recorded 565 sales transactions worth AED 2.11 billion on Tuesday, in addition to 109 mortgage deals totalling AED 101.95 million, and 13 gift deals amounting to AED 86.14 …
Emergency fund a top financial goal for UAE savers, survey finds
More than eight in 10 savers in the UAE believe it is important to have an emergency fund in place to survive difficult economic times, driven by the financial lessons learnt during the Covid-19 …
Dubai logs over AED2.4bn in realty transactions Tuesday
Dubai’s real estate market recorded 565 sales transactions worth AED2.11 billion on Tuesday, in addition to 109 mortgage deals totalling AED101.95 million, and 13 gift deals amounting to AED86.14 …
Digital ad company Aleph pulls its IPO registration
Aleph Group, a digital ad company targeting emerging countries based in Dubai and Buenos Aires, said Tuesday it’s withdrawing its registration statement …
Dubai Financial Market announces tradable rights issue of Ajman Bank
The Dubai Financial Market (DFM) has announced the commencement of the rights issue for Ajman Bank, which will be available for trading on the exchange from July 17 to July 31, 2023. During the …
Retiring in the UAE: Over a third of people plan to settle down in country, 76% consider long-term investment
National Bonds survey highlights financial plans of people in the UAE Retiring in the UAE: Over a third of people plan to settle down in country, 76% consider long-term investment National Bonds, …
Ratings agencies upgrade leading Dubai property developer
DUBAI, UAE – Emaar Properties PJSC, a prominent real estate developer in Dubai, listed on the Dubai Financial Market, has received credit rating upgrades from Fitch Ratings, Moody’s, and S&P Global, …
DRC: UAE signs $1.9 billion deal with state-owned mining company
The United Arab Emirates have signed a $1.9 billion deal with a state … according to the Congolese Ministry of Finance.
Dubai approves planning law to encourage investment and sustainable development
Deira and Bur Dubai will remain the beating heart of tradition, while Downtown Dubai and Business Bay are to act as the emirate’s financial centre. Dubai Marina and JBR will be at the forefront of …
UAE participates in the Third G20 Finance Ministers and Central Bank Governors Meeting
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting from 16th …
UAE signs deal to develop mines in eastern DR Congo
The United Arab Emirates has signed a $1.9bn deal with a state mining company in the Democratic Republic of the Congo (DRC) to develop at least four mines in the African country’s turbulent east, the …
Agreement between UAE and the Democratic Republic of Congo to develop $1.9 billion in mines
UAE Signs $1.9 Billion agreement to develop mines in the Democratic Republic of the Congo. The Congolese presidency announced on Monday that the United Arab Emirates has signed a $1.9 billion …
Influencer Facing Jail in Dubai ‘in Panic Mode and Afraid,’ Mom Says
Houston woman Tierra Allen, a 29-year-old who runs the popular “Sassy Trucker” TikTok account, has been stranded in Dubai after yelling in public.
How GCC wealth funds are fuelling growth and prosperity
The region’s sovereign investors are broadening their investments in various sectors including healthcare, technology, private equity and hedge funds as part of a diversification strategy away from …
UAE and Japan sign 23 new MoUs in trade, investment, energy, industry, health & technology sectors
The UAE seeks to cooperate with its Japanese partners and the private sector in various vital sectors such as tourism, advanced technology, Artificial Intelligence, healthcare, finance, manufacturing, …
Summit Bank renamed as Bank Makramah after acquisition by UAE investor
LAHORE (Web Desk) – The Summit Bank Limited would now be called Bank Makramah Limited (BML). Reason? Because a Dubai-based businessman, Nasser Abdullah Hussain Lootah, acquired the institution earlier …