DUBAI – Dubai Financial Market (DFM) announced the inclusion of TECOM Group to DFM General Index and to Real Estate Index sector. In a statement issued today, DFM said that the inclusion of TECOM …
( read original story …)
UAE to invest $1bln in Pakistani companies across various economic, investment sectors
The move aims to explore new investment opportunities and areas for cooperation in projects across various sectors …
( read original story …)
UAE central bank issues guidance on politically exposed persons
The Central Bank of the UAE on August 2 issued new guidelines for licensed financial institutions on politically exposed persons (PEPs), as part of efforts to tighten money laundering oversight in its …
( read original story …)
Two UAE Banks Amongst Forbes Top 5 Banks in the Middle East
Forbes Middle East has unveiled its ranking of the Middle East’s Top 30 Banks 2022 as Qatar’s QNB Group topped the list with $300.3 billion in total assets.The UAE’s First Abu Dhabi Bank, Saudi’s Al …
( read original story …)
UAE central bank’s gold reserve rises by $52.8 million during Jan-May this year
The current total value of the reserve of the yellow metal with the CBUAE is to the tune of AED12.107 billion by end of May, according to apex latest statistics UAE central bank’s gold reserve rises …
( read original story …)
UAE Healthcare provider Burjeel seeking to raise $750m from IPO
Once listed, Burjeel is considering a dividend payout ratio of 40 per cent to 70 per cent of net income from 2023 depending on its investment …
( read original story …)
Dubai real estate market records over $326.7 million on Tuesday
Tuesday’s transactions included 396 sales deals worth AED 845.37 million, 110 mortgage deals of AED376.93 million and 11 gift deals amounting to AED96.55 million, according to Dubai’s Land Department …
( read original story …)
Not all debt is bad: A home loan can even help after retirement, UAE experts explain how
So while it’s not ideal, quitting the workforce with monthly mortgage payments doesn’t have to be a financial disaster, debt restructuring experts reveal, while adding that there are some benefits of …
( read original story …)
UAE Central Bank’s gold reserves cross Dh12.1 billion in first five months of 2022
The value of the UAE Central Bank’s gold reserves rose by 1.63 per cent in the first five months of the year, according to the latest statistics. The central bank’s gold reserves reached Dh12.107 …
( read original story …)
What are five questions to ask before I buy a property in Dubai?
It’s always good to know how long a property has been available on the market. If a property has been on the market for a long time, this indicates it was priced too high to begin with and is often a …
( read original story …)
Top 10 Investment Companies & Advisors In The United Arab Emirates
The UAE has seen incredible growth in the past decade, so it’s no surprise that it’s also become a hotbed for investment companies. However, there are so many companies and advisors in the market …
( read original story …)
UAE money exchange giant Al Ansari considers Dubai IPO
The news come as the Dubai bourse recently saw listings of major local companies including TECOM Group and Union Coop UAE money exchange giant Al Ansari considers Dubai IPO Al Ansari Exchange, Dubai …
( read original story …)
PwC Crypto Head Departs to Set Up $75M Digital Asset Fund in Dubai: Report
a Hong Kong-based hedge fund. Arslanian, who will stay at PwC as a senior adviser, cited ease of travel and Dubai’s supportive regulatory environment for crypto firms as the reason for choosing it to …
( read original story …)
Rental payments through direct bank or card debits is ‘just gaining traction’, says Ahmed Al Suwaidi of DHAM
That decades old practice is coming to an end, as the UAE Central Bank pushes for direct debits as the de facto practice. But the biggest landlords in the country have already moved beyond cheques, …
( read original story …)
UAE: Now, 90 per cent of employees’ total salaries must be paid via Wages Protection System
He explained, “One of the main changes from the previous requirements is an increase in the minimum amount of an employee’s salary, which must be paid via the WPS. As per the new amendments, this has …
( read original story …)
UAE, Egypt discuss joint efforts to combat money laundering and terror financing
The leaders reviewed regional developments in the space, as well as the key steps taken by both countries “to develop an effective system to combat financial crime” UAE, Egypt discuss joint efforts to …
( read original story …)
UAE and Egypt to co-operate in fight against money laundering and terrorism financing
Provided by The National Officials from the UAE and Egypt discussed joint actions to fight against illicit financial activity. Wam . Top officials from the anti-money launderin …
( read original story …)