The country’s economy, the second largest in the Arab world, is estimated to have grown by 7.6 per cent last year, the highest in 11 years, after expanding by 3.9 per cent in 2021, the UAE Central …
How long is the lease for commercial properties in Dubai?
Can a foreign company buy commercial property in mainland Dubai? We plan to open a branch of our business and are looking for office space for 50 staff. It..
Abu Dhabi Islamic Bank saves 5mln sheets of paper in 2022
As part of ADIB’s 2025 growth strategy, Al Ghaf Programme underlines the bank’s commitment to pioneer climate action in Islamic banking, optimising banking operations, and enhancing customer experienc …
Will UAE buyers get longer no-instalment periods, lower fees on car-finance? Dealerships hope so
Major dealers in talks with banks to ease buyers’ burden as interest rates cross 5% Car finance rates too have zoomed up the charts through these 12 months – and buyers could do with some helping out …
Will My UAE Gratuity Cover Retirement Expenses In My Home Country?
What are the best savings schemes in the UAE? Should I invest in stocks here? Is it better to invest in mutual funds and FDs in my home cou …
Abu Dhabi Global Market, Zand Bank join hands to support SMEs
ADGM and Zand Bank will work together to drive UAE national work placements and offer SME financing platform and a fintech sandbox …
Dubai International Finance Centre Grows at Record-Breaking Pace in 2022
Dubai International Financial Centre (DIFC), the Middle East, Africa and South Asia region’s leading global financial centre, continued to grow at record-breaking pace in 2022.
Dubai Posts Strongest Real Estate Numbers Amongst Global Prime Markets
Dubai recorded over 9,800 real estate transactions, an increase of 128.5% compared to January of the previous year. The total value of transactions was AED 28 billion ($7.6billion), which was an …
Dubai records over AED1.9 bn in realty transactions Monday
Dubai real estate market recorded 561 sales transactions worth AED1.7 billion, in addition to 100 mortgage deals of AED94.43 million, and 61 gift deals amounting to AED65.91 million on Monday, data …
UAE Banks Federation signs MoU with Azerbaijan Banks Association
UAE Banks Federation (UBF), the representative and unified voice of banks in the UAE signed a Memorandum of Understanding (MoU) with the Azerbaijan Banks Association, the umbrella organisation of …
ADGM teams up with UAE digital lender Zand Bank to support SMEs
Abu Dhabi Global Market (ADGM), the UAE capital’s financial hub, has partnered with Zand Bank, the digital lender licensed by the UAE Central Bank, to support small and medium enterprises in the …
ADNOC plans to raise $2 billion or more by IPO
The United Arab Emirates’ national oil company ADNOC plans to raise $2 billion or more by listing its natural gas business in what could the largest initial public offering so far this year. The …
ADNOC Gas will be UAE’s first IPO of 2023, dividend set at a substantial $3.25b
Image Credit: Shutterstock Dubai: UAE’s first IPO of the year has been announced, with ADNOC Gas set to offer more than 3 billion of its shares and list on Abu Dhabi Securities Exchange (ADX).
UAE’s UBF, Azerbaijan Banks Association sign MoU to boost sectoral cooperation
The UAE Banks Federation (UBF) has signed an MoU with the Azerbaijan Banks Association (ABA) to enhance cooperation and exchange of experiences, and promote the growth of the financial and banking …
Gulf bourses mixed as Saudi stocks fall, Dubai gains
Saudi Arabia’s stock market was the worst performer among Gulf bourses that were mixed on Monday amid worries of rate hikes by the U.S. Federal Reserve.
Dubai in Talks to Attract 50 Hedge Funds to Mideast Finance Hub
Dubai’s financial center is in talks with more than 50 hedge funds about setting up in the Middle East business hub after attracting industry heavyweights such as Millennium Management and ExodusPoint …
Dubai fintech growth takes DIFC to record AED1bn year
Dubai International Financial Centre has introduced more than 1,000 new companies and saw revenues of of over AED1bn for first time Dubai fintech growth takes DIFC to record AED1bn year DIFC, DIFC …