The board of Dubai’s Islamic Arab Insurance (Salama) has recommended a capital reduction of AED398 million ($108 million) to write off accumulated losses. The share capital after reduction will be AED …
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National banks’ gross assets in UAE stand at $817bln in first five months of 2022: CBUAE
ABU DHABI – Total assets of the 22 national banks rose to AED 3.023 trillion in the first five months of 2022, up 4 percent (AED 117.3 billion), according to latest statistics released by the UAE …
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National banks’ gross assets in UAE cross Dh3 trillion in first five months of 2022: Central Bank
Total assets of the 22 national banks rose to Dh3.023 trillion in the first five months of 2022, up 4 per cent (Dh117.3 billion), according to latest statistics released by the UAE Central Bank.
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FAB, ENBD Rank Among Top Five Mideast Lenders As Assets Of 22 UAE Banks Hit Dh3.023T
First Abu Dhabi Bank and Emirates NBD, the two largest banks of the UAE, are ranked among the top five lenders in the Middle East, according to F …
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UAE Financial Wealth To Grow by 6.7% Annually
A new BCG report expects that the UAE financial wealth will rise from USD 0.7 trillion in 2021 to a high of USD 1 trillion in 2026; Equities & investment funds are the largest ass …
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Middle East businesses, governments need to reclaim ‘green finance’ mojo
There was a point in 2021 when green finance in the Middle East and North Africa (MENA) region was growing faster than the world as a whole. In the first six months of that year, issuances of green …
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National banks’ gross assets in UAE stand at Dhs3 trillion in first five months of 2022: CBUAE
Total assets of the 22 national banks rose to Dhs3.023 trillion in the first five months of 2022, up 4 per cent (Dhs117.3 billion), according to latest statistics released by the UAE Central Bank …
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Emirates Development Bank approves Dh2.4 billion in finance during H1
The initiatives deployed by EDB are part of its new strategy to support the UAE’s industrial growth, adoption of advanced technology, enhancement of the role of …
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Emirates Development Bank approves AED2.4 Billion in Finance During H1 2022 to Empower the UAE Industrial Sector
Emirates Development Bank (EDB) held its Board meeting to review results of the first half of 2022 and monitor the progress of its new strategy which wa …
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UNCTAD investment report 2022 ranks UAE first in the Arab world and 19th globally in FDI inflows
The report confirms that the UAE is steadily strengthening its position as an attractive & sustainable destination for FDI DUBAI, UAE, August 07, 2022 /24-7PressRelease/ — The United Arab Emirates …
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Emirates Development Bank approves Dh2.4 billion in finance in first half of 2022 to empower UAE industrial sector
Bank’s contribution to the UAE’s national GDP grows to Dh1.9 billion as of H1 2022 Abu Dhabi: Emirates Development Bank (EDB) mobilised Dh2.4 billion in loans to the UAE’s industrial sector in H1 2022 …
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How Etihad Credit Insurance helped a UAE-based SME
In 2021 alone, it faced payment defaults from three of its major customers that were covered and compensated by Etihad Credit Insurance. “We are very fortunate to work with Etihad credit insurance, …
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Pak Finance Minister Ismail warns of economic hardships till September
Owing to rising inflation high energy prices and the depreciating Pakistani currency Finance Minister Miftah Ismail on Saturday warned that economic hardships …
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UAE investing $1bn in PSX, says Miftah Ismail
KARACHI: In a bid to expand bilateral economic ties, Finance Minister Miftah Ismail on Saturday confirmed that the United Arab Emirates was investing in the country’s stock …
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Tecom to be included in Dubai Financial Market’s general index from Monday
Tecom Group, the operator of business districts in Dubai, will be included in Dubai Financial Market’s general and real estate indices from Monday, the bourse regulator announced on its website. The …
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Immigration Series: Why are so many Indians buying property in Dubai?
With a tweak of the Golden Visa rules, Dubai has seen an unprecedented spike in real estate demand. In July 2022, the total real estate sales transactions jumped 61.7 percent higher than the July 2021 …
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Dubai: ‘Have not yet made final decision’ on IPO, says Al Ansari Exchange
However, we are still in the early stages and have not yet made any final decision,” Rashed Al Ansari, CEO of Al Ansari Exchange, said in a statement to Khaleej Times. It currently operates a wide …
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