On Wednesday, the Dubai real estate market recorded 494 sales transactions worth AED1.34 billion, 84 mortgage deals worth AED186.59 million, and 16 gift deals worth AED17.73 million, according to data …
Major Dubai residential districts readied for handover in early 2023
Deyaar Development announces completion date for Mesk and Noor districts in Dubai Major Dubai residential districts readied for handover in early 2023 Deyaar Development, Midtown Dubai Real Estate …
UAE banks’ investments touch Dh511 billion in November 2022, highest in 13 months
Central Bank data showed. Image Credit: WAM Abu Dhabi: The investments of banks operating in the UAE exceeded Dh511 billion at the end of November 2022, the highest level in 13 months and a 7.7 per …
UAE banks’ investments totalled $139bln in November 2022, highest in 13 months
ABU DHABI – The investments of banks operating in the UAE exceeded AED511 billion at the end of November 2022, the highest level in 13 months, according to the latest statistics of the Central Bank of …
First Edition Of MENA IPO Summit- Dubai 2023 Concludes
DUBAI, 25th January, 2023 (WAM) — Dubai’s first edition of the MENA IPO Summit was hosted by DFM between 23rd and 25th January 2023, in partn …
Dubai real estate market records property deals to the tune of AED1.5bn on Tuesday
Tuesday’s deals included 520 sales transactions worth AED1.22 billion, 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million Dubai real estate market records property …
The first edition of the MENA IPO Summit- Dubai 2023 announces successful conclusion
The summit witnessed a total of 500 participants from IPO community, including approximately 80 regional & international speakers. DFM plans to build upon the summit success through hosting it in the …
Central Bank: UAE banks’ gross assets increases 0.7 percent to stand at USD990B in November
The gross assets of UAE banks, which contains bankers’ acceptances, surged by 0.7 percent to reach 3.639 trillion dirhams (USD990 billion) at the end …
Dubai Islamic Bank FY net profit jumps 26%; beats estimate
The earnings easily beat Refinitiv’s mean analyst estimate of AED4.97 billion. Net income grew 11% YoY to AED10.4 billion versus AED9.4 billion in same period of last year, the Dubai Financial …
Dubai’s Highest Court Asked To Review Ruling On Dispute Between Local Bank And International Investor
A long-running dispute involving $497 million in frozen funds, a claim for more than $13 million in interest and actors from the Cayman Islands, Kuwait and Dubai is nearing a conclusion …
UAE: Ministry of Finance explains corporate tax timelines
The programme was launched by the Ministry to raise awareness about the new tax, after the Federal Decree-Law on Taxation of Corporations and Businesses (the “Corporate Tax Law”) was issued last month …
UAE-India trade to reach $100bn in next 5 years
Indian companies registered in UAE, summit hears UAE-India trade to reach $100bn in next 5 years India, UAE, UAE-India trade Politics & Economics …
The POWER Interview: Abu Dhabi’s Plan for Renewable Energy in the UAE
The United Arab Emirates (UAE) is in the midst of an energy transition, moving away from its nearly exclusive use of natural gas-fired power generation to …
Reforms set to spur more corporate relocations, FDI flow to UAE
The UAE will attract a major share of $66 billion in potential FDI inflows into the Middle East, North Africa, and Pakistan in 2023 as global investors consider the …
Property market deals in Dubai records AED2.4bn on Monday
Monday’s deals included 532 sales transactions worth AED1.39 billion, 101 mortgage deals of AED710.22 million, and 12 gift deals amounting to AED363.74 million Property market deals in Dubai records …
UAE: 11 new IPOs with a total value of Dh8 billion in the pipeline
While speaking on the second day of the Mena IPO Summit held in Dubai, Mohamed Khalifa Al Hadari, deputy CEO of the Securities and Commodities Authority, said four free zones entities and two special …
Listing of 11 UAE companies to raise more than $2.18bn in 2023
The listing of 11 companies on the UAE capital markets this year will raise more than Dh8 billion ($2.18 billion), the deputy chief executive of the Securities and Commodities Authority has said. Four …