The guidance requires Licensed Financial Institutions to demonstrate compliance with its requirements within one month.
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Amlak Finance first-half net profit surges 35%
Total assets stand at AED 3.8 billion, debt settlement arrangements yielded Dh225 million gain and contributed in total debt reduction of Dh565 million including …
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UAE shines as 24 MENA IPOs raise $13.5 billion in first half of 2022
Dubai: The MENA region witnessed a 500 per cent year-on-year increase in the number of companies listing during H1 2022 with 24 IPOs raising proceeds of $13.5 billion, a gain of 2,952 per cent in …
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Amlak Finance reports 35% higher profit in H1-22
The net earnings of Amlak Finance went up by 35% on a yearly basis by the end of the first half (H1) of 2022, standing at AED 266 million, from AED 197 million. Total income during the January-June …
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Ministry of Climate Change and EDB to finance agriculture SMEs and start-ups
The two parties will identify collaboration opportunities in food security and how best to support SMEs and start-ups, the ministry and EDB said on Wednesday. EDB will finance agricultural businesses …
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UAE: Spinneys says no personal banking data of customers leaked in cyberattack
Spinneys is aware of unverified emails being sent out from unidentifiable email addresses stating that a ransomware group may have leaked data hacked from our internal server o …
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Dubai real estate market records over $4.4 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 …
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Dubai real estate deals hit $230m on Tuesday
Dubai real estate market recorded 396 sales transactions worth AED845.37 million ($230.15 million), in addition to 110 mortgage deals of AED376.93 million, and 11 gift deals amounting to AED96.55 …
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TECOM Group’s half-year profit up 43 percent after Dubai IPO
The company, which was recently listed on the Dubai Financial Market (DFM), saw a double-digit growth in revenue TECOM Group’s half-year profit up 43 percent after Dubai IPO Dubai, financial results, …
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UAE: How residents can protect their bank details, personal info on public Wi-Fi
First Abu Dhabi Bank, the UAE’s largest bank, has sent out an advisory to its customers, advising them to be very cautious when using open Wi-Fi and also be aware of fake Wi-Fi hotspots that can …
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Dubai Buy Now, Pay Later Firm Tabby Gets $150 Million Financing
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergThis Is How China Could Hit Back Over Pelosi’s Taiwan VisitPelosi Poised to Land in …
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Pakistan focusing to extend existing bilateral relations with UAE: Finance Minister
Finance Minister Miftah Ismail says Pakistan is focusing on various new avenues of mutual interest to extend the existing bilateral relations with United Arab Emirates to a new level. He was talking …
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UAE laws clamp dwn on money laundering, terrorism financing
The bank released a statement on procedures that licensed financial institutions must follow with regard to “politically exposed persons.” Such individuals are at higher risk of conducting money …
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UAE: Gross banks’ assets in May reach Dhs3.442tn in May, reports CBUAE
CBUAE stated that gross credit grew by 2.6 per cent, rising from Dhs1.817tn at the end of April to Dhs1.865tn at the end of May …
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Dubai Records Over AED1.2 Billion In Real Estate Transactions Tuesday
Dubai real estate market recorded 396 sales transactions worth AED845.37 million, in addition to 110 mortgage de …
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Peter Kelly resigns as judge in Dubai financial court
The former president of the High Court, Peter Kelly, has said he has decided to resign as a judge of the Dubai International Financial Centre Courts.
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Dubai launches new 2060 strategy to ‘achieve financial sustainability’
The emirate will use “the best smart and innovative financial systems” to achieve this strategy by 2026 Dubai launches new 2060 strategy to ‘achieve financial sustainability’ 2060 strategy, Dubai, …
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