Union Finance Minister Nirmala Sitharaman on Monday held a meeting with United Arab Emirates ambassador to India Abdulnasser Jamal Alshaali Deputy Chief of UAE …
For Indians in Dubai: What is UAE’s ‘Credit Passport’ and how will it help expats?
Credit Passport is currently available for AECB customers to support credit applications with financial history in India, the Philippines, and the United Kingdom, with additional countries to follow …
UAE participates in second G20 Global Partnership for Financial Inclusion meeting for 2023
The United Arab Emirates has participated in the second Global Partnership for Financial Inclusion (GPFI) meeting under the Finance Track of the G20 for 2023. The meeting was held on 6th-7th March in …
UAE: Expats to receive ‘credit passports’ as part of new collaboration
The move enables expats from India, Philippines, UK to bring their credit history upon arrival to the Emirates …
Islamic Development Bank set to raise $2bn with sukuk
DUBAI: The Islamic Development Bank is set to raise $2 billion from a sale of Islamic bonds, or sukuk, maturing …
Most Gulf markets rise as oil firms; Dubai falls
Most Gulf stock markets rose in early trade on Tuesday, as oil prices inched higher, with the Saudi index extending gains for a fifth consecutive session, while bluechip stocks dragged the Dubai …
Finastra Opens New Office in Dubai International Financial Centre
Finastra, a global provider of financial software applications and marketplaces, has opened a new office in the Dubai International Finance Centre (DIFC). Finastra has been operating in Dubai for over …
Tax residency rules in UAE: All your questions answered
A UAE ministerial decision issued on the determination of tax residency will ease the lives of expats living in the UAE and be in their best interest – according to experts in the country. Earlier …
UAE and Saudi Arabia to lead 2023 MENA IPO market: EFG Hermes
The IPO markets in MENA have seen strong momentum last year led by GCC countries, especially UAE and Saudi Arabia”. The comments came on the sidelines of the 17th EFG Hermes One-on-One Conference in …
5 banks to issue letters of credit for UAE fuel
Five local banks have been picked to issue letters of credit of up to Sh614.89 billion ($4.8 billion) for fuel that Kenya will import on credit from the United Arab Emirates over a nine-month …
Dubai Records Over AED4.1Bn In Realty Transactions Monday
Dubai real estate market recorded 614 sales transactions worth AED1.74 billion, in addition to 106 mortgage deal …
Big Oil must decarbonize quicker, says UAE energy exec running the next U.N. climate summit
Let me call on you today to decarbonize quicker, future-proof sooner and create the energy system of the future, today,” he said Monday in keynote remarks at CERAWeek, a major global energy conference …
UAE, Saudi Arabia to lead IPO Mena markets: EFG Hermes
The IPO markets in Mena have seen strong momentum last year led by GCC countries, especially UAE and Saudi Arabia, says Karim Awad, group chief executive officer of EFG Hermes Holding …
UAE: More IPOs are in the pipeline after the success of Adnoc Gas
Big private sector companies, family-owned businesses and state-owned enterprises are planning to float their shares after the government’s initiative to encourage public listings to broaden the capit …
UAE: Sheikh Mohammed announces $100 billion Asian Infrastructure Investment Bank office
An office of the Asian Infrastructure Investment Bank (AIIB) will be established in the UAE, the country’s Vice-President announced on Monday as he chaired..
UAE to set up $100 billion Asian Investment Bank office
Sheikh Mohammed said on Twitter, “Today, I chaired a meeting of the Council of Ministers at Al Watan Palace in Abu Dhabi, during which we approved 4 international economic agreements and approved the …
Saudi Arabia says it deposited $5B in Turkish central bank
Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck …