The CBUAE, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws, regulations and standards adopted by the CBUAE …
UAE: Exchange house fined Dh1.05 million for conducting activities outside licensed premises
The Central Bank of the UAE (CBUAE) on Friday imposed financial sanctions on another exchange house for violating …
Vehicle finance startup Moove raises $30M in debut sukuk for UAE expansion
As part of its launch in the UAE, the startup will be rolling out its EV charging app, Moove Charge, designed for ride-hailing drivers.
Dubai Shopping Festival launch date announced (just in time for Christmas)
Fear not, as Dubai shoppers don’t have long to wait for Dubai Shopping Festival (DSF) as it will launch in a few days. The 46 day event, that sees shopping destinations around the city entice people …
An Invulnerable Financial Fortress on the Sand?
Financial analysts, even before this Adani buzz, were already predicting that the overall financial wealth sitting in Dubai and the rest of the United Emirates will hit $1 trillion in 2026, up from …
Dubai realty market continues to grow strongly in 4th quarter
With a nearly 1.8 per cent price increase in October and a similar trend in November, the Dubai property market is heading for a strong fourth quarter and end to the year as the investors …
Aramco’s Luberef to price $1.3bn IPO at top of the range
Luberef will therefore be valued at Sr16.7bn ($4.5bn) when it begins trading on the Tadawul. The IPO, which consists of a 30% stake sold minority shareholder Jadwa Industrial Investment Co, will raise …
School operator Taaleem prices Dubai’s latest IPO in Dh2.95-Dh3 range, floating 25.32%
With the IPO, investors get a chance to join in. Image Credit: Supplied Dubai: The Dubai-based school operator Taaleem has set a price range of Dh2.95-Dh3 a share for its IPO, which will see the …
Dubai unveils $56bn budget for 2023-25; big spend on housing
In his capacity as Dubai ruler, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the emirate’s general budget for the fiscal cycle of 2023-2025, …
Dubai approves $56bn budget to 2025
Dubai plans to spend $18.3bn in 2023 Dubai approves $56bn budget to 2025 Dubai, Dubai budget, Dubai business, Dubai economy Politics & Economics …
Dubai: Sheikh Hamdan checks on progress of Etihad Rail mega project that will link all 7 emirates
The public got a first glimpse of the train when it rolled in with passengers during the epic show for UAE National Day …
Mohammed approves Dhs205 billion Dubai budget for 2023-25
The budget cycle came to meet the aspirations of the future and confirm Dubai’s determination to continue developing and stimulating entrepreneurial activities, attracting more foreign investments, …
38 Emirati banking professionals join EIBFS Leadership Program at Said Business School, Oxford University
The 8-day residential program was designed by EIBFS and Oxford University to train and develop outstanding leaders in the financial services industry from the Middle-East Region through three …
Dubai real estate market sees another high on Wednesday with AED2.5bn deals
Wednesday’s property deals included 626 sales transactions worth AED1.54 billion, 102 mortgage deals of AED702.39 million and 49 gift deals amounting to AED270.94 million Dubai real estate market sees …
Dubai records over $680mln in realty transactions on Wednesday
DUBAI: Dubai real estate market recorded 626 sales transactions worth AED1.54 billion, in addition to 102 mortgage deals of AED702.39 million, and 49 gift deals amounting to AED270.94 million on …
UAE stock markets close Wednesday’s session in red zone
The main index of Dubai Financial Market (DFM) lost 1.01 points (0.03%) to close Wednesday’s session at 3,338.88 points. A total of 188.83 million shares were exchanged at a value of AED 334.86 …
UAE property: ‘Should a tenant pay cooling fees if they are not included in the contract?’
I rent an apartment in a building within the Dubai Financial Centre and the landlord was responsible for paying the cooling fees as part of the annual service agreement. However, the building’s …