Tag: finance

Profitability of the four largest banks in the UAE will continue to grow this year amid rising interest rates and the reversal of pandemic-related provisions charges as the Arab world’s second-largest …

We’ll start with a brief overview of the Dubai financial market and its history. Then, we’ll look at the different types of investments you can make in Dubai and the risks and benefits associated with …

The UAE Central Bank has begun implementing its digital currency strategy, Digital Dirham, as it prepares the country’s infrastructure for the future of finance. It signed an agreement with Abu …

Following several successful CBDC initiatives including Project “Aber” with the Saudi Central Bank in 2020, which confirmed the possibility of using a digital currency issued by two central banks to …

Srinagar/IBNS: A UAE-India Investor Summit took place in Srinagar city on March 19. Entrepreneurs from various emirates held meetings with representatives of the Jammu and Kashmir government, …

Dubai, UAE – As global efforts to tackle climate change continue to gather momentum, pressure is mounting on the Middle East finance sector to play i …

RIYADH,23rd March, 2023 (WAM) –The Ministry of Finance (MoF) of the United Arab Emirates participated in the GCC Common Market Committee meetings, held from March 19th to 21st at the headquarters of …

The Central Bank of the UAE (CBUAE) will be implementing its Central Bank Digital Currency (CBDC) strategy titled ‘The Digital Dirham’. In a joint signing ceremony with G42 Cloud and R3, CBUAE has …

The UAE was one of four Arab nations to normalize relations with … The report specifically cited the statements of Finance Minister Bezalel Smotrich, who said during a speech in Paris this week that …

The company and Morgan Stanley’s representatives have told investors that Saudi Arabia’s Water and Electricity Holding Company, part of the country’s sovereign wealth fund, and United Arab Emirates’ …

Emirati officials echoed that disapproval. “The UAE has condemned statements by Israeli Minister of Finance Bezalel Smotrich in which he denied the existence of the Palestinian people,” the UAE …

Property investment deals in Dubai saw another high on Tuesday at AED 2.3 billion, reflecting the continued demand uptick in the emirate’s real estate sector. Tuesday’s property deals included 434 …

Dubai’s annual inflation rate increased to 4.9 percent in February, driven by a surge in food and beverage prices, according to data from the emirate …

(MENAFN) The Dubai International Financial Centre (DIFC) has launched its global venture studio initiative and signed agreements with banks and venture companies to attract over Dh2 billion ($544.5 …

Moody’s Investors Service has affirmed the UAE’s ‘Aa2’ long-term local and foreign currency issuer ratings with a stable outlook owing to the count …

with 7-12% hikes Will UAE buyers get longer no-instalment periods, lower fees on car-finance? Dealerships hope so Aggressive on pricing, the Chinese car makes and their dealerships will be. Hongqi …

Gold prices fell on Wednesday morning as some investors stayed on the sidelines ahead of the US Federal Reserve’s interest rate decision and policy …