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Tag: finance

Posted on 26/12/2022

UPDATE 1-Sanctions forcing Russia’s Sberbank to close UAE office, company says

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine (Adds quotes, details) By Alexander Marrow MOSCOW, Dec 26 (Reuters) – Russia’s dominant …

Posted on 26/12/2022

Dubai real estate sector hits $65bn in 88,000 transactions over record-breaking year

Dubai apartments drive property market with 46% year-on-year growth Dubai real estate sector hits $65bn in 88,000 transactions over record-breaking year Dubai real estate, Dubai real estate …

Posted on 26/12/2022

UAE’s Fintech Galaxy acquires Egypt’s Underlie

According to the companies, Underlie’s customer-centric approach and ambition to understand FIs’ needs and pain points to provide them with new proposed revenue streams and tailored products and …

Posted on 26/12/2022

MC Insider: Dubai calling for trader, promoter cousins call truce, financial product flying under the radar and more

There is some good news coming from the industrial suburbs of this western city where the promoter cousins of two firms which are into the manufacturing of cables and pipes, seem to have amicably …

Posted on 26/12/2022

FAB, Magnati, PayRow to develop payment solutions for Dubai’s ports sector

First Abu Dhabi Bank (FAB) and its affiliate Magnati are teaming up with PayRow Net through the Ports Customs and Free Zone Corporation (PCFC) to create a digital payment platform to drive Dubai’s …

Posted on 25/12/2022

Dubai Free Zones Council boosts facilitation of integrated services

The Dubai Free Zones Council organised an interactive workshop to facilitate integrated services and users’ digital journey across all free zones in Dubai, in collaboration with the Dubai Model Centre …

Posted on 24/12/2022

Dubai records over Dhs9.1b in weeklong realty transactions

A total of 2,926 real estate transactions worth over Dhs9.1 billion were conducted during the week ending Dec.23, 2022, according to figures released by the Dubai Land Department (DLD).

Posted on 24/12/2022

FAB, PayRow Net create new payment solution for Dubai ports

First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net, a unit of Ports Customs and Free Zone Corporation (PCFC) to establish a best-in-class digital …

Posted on 23/12/2022

Deal to establish new payment solution for Dubai’s ports sector

First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net through the Ports Customs and Free Zone Corporation (PCFC) …

Posted on 23/12/2022

FAB, Magnati, and PayRow Net partner to create payment solution for Dubai’s ports sector

First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net through the Ports Customs and Free Zone Corporation..

Posted on 23/12/2022

Abu Dhabi royal family backs startup LumiShare in $3.2mn funding

Significantly, the funding deal comes amid tightening of investments by venture capitals and private equities in view of serious concerns about startups’ ability to generate profits from operations …

Posted on 23/12/2022

A 35-Year-Old Tycoon Targets the Country Where He’s Sanctioned

Timur Turlov was sleeping in a hotel room in Dubai when his wife woke him to tell him his home country had invaded Ukraine.

Posted on 23/12/2022

Jalan Kalrock offered Dubai properties as securities to lenders for Jet 2.0

These carried a release date in the fifth year from the start of operations of Jet 2.0 or complete payment. The property at BKC is valued at Rs 246 crore while a third property in Dubai valued over Rs …

Posted on 22/12/2022

UAE: 25,000 Emirati women own 50,000 trade licences valued at Dh60 billion

A survey lauded the massive strides the UAE has undertaken to ensure gender parity through a series of legal, policy and institutional measures over the past decade …

Posted on 22/12/2022

Momentum Group expands to Dubai, creating real estate and tourism investment opportunities

After having firmly entrenched itself over the world, Momentum Group is all set to foray in the multicultural cosmopolitan Dubai Market, synonymous with th..

Posted on 22/12/2022

UAE Ministry of Finance launches corporate tax public awareness programme

The launch of the programme was announced during a media briefing held today by the Ministry to raise public awareness of corporate tax in the UAE and abroad. The session was led by a group of experts …

Posted on 22/12/2022

UAE Central Bank issues new anti-money laundering guidelines for insurance sector

The UAE Central Bank has issued new guidelines for the licensed financial institutions (LFIs) operating in the insurance sector as it continues to take measures to combat money laundering and the …

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