The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy …
UAE Central Bank seeks measures to limit impact of interest rate rises on home loans
The UAE Central Bank has issued a notice to all banks and finance companies in the Emirates to outline the measures they have taken to reduce the burden of higher interest rates on home loans for UAE …
Dubai stocks hit 8-year high, real estate sales hit $8.3b
Dubai stock index soared to the highest level since August 2015, marking an eight-year high on gains driven strongly by real estate stocks.The Dubai Financial Market General Index closed on a 2.3 …
UAE’s financial advisory market likely to hit Dh875 billion
Data shows that assets under management (AUM) in the UAE’s wealth management market are forecasted to reach upwards of Dh938 billion in 2023 while showing a CAGR of 10 per cent to result in a market …
UAE announces major real estate loan guidelines to slash payment burden
Central Bank of the UAE issues note to alleviate burden on increased interest rate payments UAE announces major real estate loan guidelines to slash payment burden CBUAE, Emiratis, real estate loans, …
UAE Central Bank outlines measures to ease burden of rising interest rates on home loans
The measures, which came into effect as of July 1, cover all residential real estate loans, including loans with increased Debt Burden Ratios …
Wio Bank signs agreement with ADX to enable fully digital, instant IPO subscriptions
Wio Bank PJSC, the region’s first platform bank, has signed an agreement with Abu Dhabi Securities Exchange (ADX) to facilitate Initial Public Offering (IPO) subscriptions on ADX. This agreement …
UAE Corporate Income Tax: Uniqus explains why it’s important to join the discussion on impact beyond tax
The deliberations on the tax impact have been ongoing since the announcement of CIT Law by UAE Ministry of Finance in January 2022 and release of the consultation paper in April 2022. While entities …
UAE calls for climate finance reforms ahead of COP28
UAE Industry and Advanced Technology Minister and COP28 president-designate, Sultan bin Ahmed Al Jaber, has asked world leaders to act and start delivering on …
Mideast’s biggest tobacco firm AIR invites banks to pitch for roles in IPO-sources
DUBAI, July 3 (Reuters) – Dubai-based Advanced Inhalation Rituals (AIR), the Middle East’s biggest tobacco company, has invited banks to pitch for roles in its planned initial public offering (IPO) …
Major Gulf markets in black, Dubai at 8-year high
Major stock markets in the Gulf rose in early trade on Tuesday tracking oil prices higher, with the Dubai index trading at its highest since 2015.
Senco Gold collects over ₹121 crore from anchor investors ahead of IPO
Jewellery retailer Senco Gold has raised INR 121.5 crore ($17.7m) from anchor investors ahead of its initial public offering (IPO) …
ADCB Private and Wealth Management An Evolving and Innovative Private Banking Proposition in the UAE
ADCB Private and Wealth Management has grown rapidly into one of the largest private banking businesses in the UAE in the context of the country’s devel …
Turkish finance minister signals potential Türkiye-UAE deal
Framework agreement expected to be signed during Turkish Recep Tayyip Erdogan’s upcoming visit to UAE, says Mehmet Simsek – Anadolu Ajansı …
UAE Cabinet approves national energy and hydrogen strategies, establishes UAE Ministry of Investment
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His …
Emirates Institute Of Finance, Oxford University, Saïd Business School, And Mit Unveil Future Tech Leaders Programme
The Emirates Institute of Finance (EIF), the leading independent training institute offering world-class educatio …
Ministry of Finance releases Annual Report highlighting remarkable achievements in 2022
The Ministry of Finance (MoF) announced its annual report for the year 2022, titled “Remarkable Achievements Shaping Promising Financial Prospects.” The report highlights the MoF’s performance in …