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Tag: finance

Posted on 10/06/2023

Eid Al Adha 2023 date; major UAE visa changes; ‘Silent Killer’ in Dubai; tax rules announced – 10 things you missed this week

However, the tourist must enter the country with 60 days from the date of issuance, and the validity of the entry permit will be 30 days or 60 days, depending on the type of visa. The tourist must …

Posted on 10/06/2023

Turkey-UAE honeymoon on horizon after Erdogan’s win, economic deals

Turkey $40 billion trade agreement ratified in May is an expression of the friendship between the two countries’ leaders, according to experts.

Posted on 10/06/2023

Finance Minister, UAE Ambassador discuss bilateral economic ties

United Arab Emirates Ambassador Hamad Obaid Ibrahim Salim Al-Zaabi called on Finance Minister Ishaq Dar in Islamabad on Thursday. During the meeting, they conversed about the deep rooted brotherly …

Posted on 10/06/2023

UAE bank investments hit all-time-high of $149bn

UAE bank investments are at an all-time high says CBUAE UAE bank investments hit all-time-high of $149bn CBUAE, CBUAE Central Bank Digital Currency Strategy, UAE bank, uae bank investments, UAE …

Posted on 10/06/2023

UAE bank investments at all-time-high of AED548.5 bn in March

Bank investments in UAE hit AED 548.5 billion by the end of March, the highest level in the country’s history, a report by the Central Bank of the United Arab Emirates revealed.The report, issued …

Posted on 09/06/2023

UAE Fintech Optasia Hires Moelis for Potential Sale, IPO

United Arab Emirates-based Optasia is weighing strategic options, including a sale or initial public offering in the Middle East, people with knowledge of the matter said.

Posted on 09/06/2023

Abu Dhabi, Luxembourg to enhance ties and support sustainable finance

The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced the signing of a Memorandum of Understanding (MoU) between the two parties.

Posted on 09/06/2023

UAE’s Burjeel, US-based Northwell Health to launch neuroscience institute in UAE

The Neuroscience Institute will be located at Burjeel Medical City, and will provide advanced care for adult and pediatric patients with neurological disorders, including autoimmune brain disorders, …

Posted on 09/06/2023

Interbank fund transfers in UAE hits AED3.89 trillion in Q1, 2023

The apex bank data also revealed that March was the busiest month with dirham-denominated transfers standing at AED1.46 trillion Interbank fund transfers in UAE hits AED3.89 trillion in Q1, 2023 Abu …

Posted on 09/06/2023

Dubai transport authority seeks adviser for asset review

DUBAI: Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for an advisory role in …

Posted on 09/06/2023

UAE’s Al-Futtaim Automotive leads $15mln funding in Indian electric scooter firm

One of the Middle East’s leading automotive business, Al-Futtaim Automotive led the investment round of $15-million in the Indian electric two-wheeler startup, River. Image cour …

Posted on 09/06/2023

Al Seer goes for growth as cornerstone investor in Adnoc L&S after $600m IPO

Ambitious Abu Dhabi shipowner Al Seer Marine has revealed it is now “the cornerstone investor” in giant compatriot shipping company Adnoc Logistics & Services (Adnoc L&S). The Adnoc subsidiary listed …

Posted on 08/06/2023

Dubai group swoops for Wolverhampton finance firm

A multinational group of companies headquartered in Dubai has made its first move into the UK financial services sector with the acquisition of a Black Country business. Aroma Global has purchased …

Posted on 08/06/2023

Kingsway Capital in talks with Big Tobacco over AIR stake sale – sources

DUBAI, June 8 (Reuters) – Britain’s Kingsway Capital has started … The talks are part of a dual-track process, where a seller pursues a sale and an initial public offering (IPO) at the same time.

Posted on 08/06/2023

Dubai CommerCity and Link launch SparkBiz for businesses keen to setup and expand in the region

Dubai CommerCity and Link (Wafi Group) will launch SparkBiz to offer a range of exceptional benefits to businesses keen to enter the region’s market …

Posted on 08/06/2023

UAE Central Bank balance sheet hits record AED594bn in March end

The apex bank said that its balance sheet also increased YoY by 15.2 percent UAE Central Bank balance sheet hits record AED594bn in March end Abu Dhabi, CBUAE, Dubai, financial institutions, Financial …

Posted on 08/06/2023

COP28 in UAE: Dr Sultan Al Jaber meets Ursula von der Leyen for climate talks in Brussels

The two reaffirmed their commitment to facilitate the “highest possible ambition” for the COP28 climate conference scheduled to be held in Dubai …

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