The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held for the first time under the Indian Presidency. The …
UAE participates in the first sustainable finance working group meeting within the G20 Finance Track for 2023
The meeting, which was held at Guwahati, Assam, India, sought to discuss the 2023 SFWG work plan and agree on the group’s priority areas for 2023 in line with the priorities of the Indian Presidency …
I was a Dubai doubter – but found things there to love
Long convinced that the emirate was not for her, our writer discovered five stand-out attractions that challenged her preconceptions …
First Abu Dhabi Bank hires ex-BofA executive as adviser to CEO
She will become head of the lender’s strategic client group, in addition to her role as a special adviser to Hana Al Rostamani, UAE mega-bank FAB hits record net profit of Dh13.4b in 2022; dividend …
Dubai rent direct debit is ‘more beneficial’ for expats – here’s why
to configure the rent payment schedule during the contract creation or renewal process that will facilitate recurrent payments from their bank accounts. This new feature has been designed with UAE …
CBUAE imposes sanctions on a finance company operating in UAE
The Central Bank of the UAE (CBUAE) imposed a financial sanction and operational requirements on a finance company operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of …
Dubai real estate: $674m of property deals on Thursday
Dubai on Thursday Dubai real estate: $674m of property deals on Thursday Dubai, Dubai Land Department, Dubai real estate Real Estate …
Big start for Dubai realty as January sale deals surge 129%
The value of transactions in the first month of 2023 recorded a surge of 178 per cent to over Dh28 billion, according to data provided by Property Finder …
Senegal president says finance constraints lifted for DP World’s $1.1 bln port
The project is a joint venture between the Dubai-based logistics provider and the Port Authority of Dakar. The partners broke ground in January 2022, but further discussions on finance and legal …
Dubai Financial Market profits hit $40m, investors cross million mark
The Dubai Financial Market reported a net profit of AED147.1m ($40.05m) for the fiscal year 2022, representing a 41.7 percent increase compared to AED103.8m ($28.26m) in 2021. Total revenue increased …
UAE Central Bank imposes sanctions on a finance company operating in UAE
The CBUAE has imposed a financial sanction of Dhs1,800,000, required the finance company to remediate the violations as well as for the Board of Directors to meet and rectify issues related to its …
UAE Central Bank fines company $490,000 for violating anti-money laundering law
The UAE Central Bank has imposed a fine of Dh1.8 million ($490,129) and stricter compliance requirements on a finance company for breaching the country’s laws on anti-money laundering and …
UAE real estate to maintain stable momentum despite challenges: Report
Through a challenging global environment and rising interest rates, a stable momentum was maintained across transactions UAE real estate to maintain stable momentum despite challenges: Report Dubai …
Indian rupee trades in narrow range against UAE dirham after Fed rate hike
On Wednesday, the currrency appreciated 8 paise to close at 81.80 against the dollar after Finance Minister Nirmala Sitharaman presented the budget for 2023-24 …
UAE central Bank raises base rate by 25 basis points
UAE’s central bank will maintain the rate applicable to borrowing short-term liquidity from the CBUAE through all standing credit facilities at 50 bp …
Central Bank of UAE raises interest rate after Fed quarter-point increase
Katarina Premfors The UAE follows the US Federal Reserves policy rate moves. Photo: Abu Dhabi Tourism . The Central Bank of the UAE raised its benchmark borrowing rate after th …
UAE Central Bank follows Fed move to hike interest rates by 25 basis points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.4% to..