Both Abu Dhabi and Dubai have developed several programmes and regulations to further boost the FinTech sector and integrate the metaverse into the UAE’s economy and society. Over the past few years, …
Dubai lender Amlak brings accumulated losses down to Dh824m by end September 2022
Dubai mortgage lender has been sticking to strict repayment programme Amlak recorded a drop in profit for the first three quarters, at Dh383.9 million. Image Credit: Gulf News Archive Dubai: A drop in …
UAE banking sector assets surge 12 times since 2000: Al Ghurair
The nation has made remarkable headway in the digital transformation of the financial sector with 95 per cent of the banking transactions going digital, and 90 per …
Liv., first neobank in the UAE to offer digital IPO subscriptions to customers
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
UAE banking sector assets grow 12-fold to $900bln: Al-Ghurair
The closure of more than 200 bank branches in the country, representing a 30% reduction, reflects this growing reliance on digital banking …
Experience the Blockchain-Powered future of finance, smart cities, and the creator economy at decipher in Dubai from Nov.28th-30th
Hosted by the Algorand Foundation, Decipher will present its 2022 edition in Dubai, UAE – a burgeoning crypto capital – and feature top industry voices from FTX, SkyBridge Capital, Envision Racing, …
UAE’s Invest Bank selects Temenos Banking cloud to accelerate digital transformation with NdcTech
Invest Bank will adopt an end-to-end retail and wholesale banking solution on the Temenos Banking Cloud, becoming one of the first in the UAE to adopt a full SaaS model for its digital and core …
Empower debuts listing and trading of its shares on Dubai Financial Market
Dubai Financial Market (DFM) on Tuesday welcomed the successful listing of Emirates Central Cooling Systems Corporation (Empower). This is the fourth public offering and listing on the DFM in 2022 to …
Empower rises in Dubai trading debut after $724m IPO
Dubai debut following an initial public offering that attracted $34bn in orders, underscoring the continued appetite for listings in the oil-rich Gulf. Empower, as the district cooling firm is known, …
Dubai-Based Emerging Markets Property Group, Owner Of Bayut And Dubizzle, Raises US$200 Million Ahead Of An IPO “In The Near Future”
Currently present in more than 50 cities, EMPG operates classified platforms across emerging markets, with a focus on the MENA and South East Asia regions.
UAE consumers can soon take up insurance complaints with Central Bank’s Ombudsman unit
UAE Central Bank confirms plans to set up insurance ombudsman unit for speedy resolution UAE consumers having concerns on their insurance policies could soon have a chance to take it up with a higher …
Hedge Fund LMR Joins Millennium, Schonfeld to Open in Dubai
Most Read from BloombergFTX’s Balance Sheet Was BadMusk Publicly Punishes Twitter Engineers Who Call Him Out OnlineWorld’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It HoldsFTX …
Dubai records over $490mln in realty transactions Tuesday
DUBAI – Dubai real estate market recorded 553 sales transactions worth AED1.43 billion, in addition to 107 mortgage deals of AED387.11 million, and 12 gift deals amounting to AED43.73 million on …
Spike in UAE mortgage rates: Homebuyers are running to refinance their UAE mortgages into cheaper, lower fixed rates
Post the fixed period, all mortgages become variable and follow the structure of 1M or 3M EIBOR + Bank margin, unless refinanced into fixed rates for another period of 1-5Y.
Revenue of UAE banks to soar to $25bn by 2030 on pivot to digitisation
The revenue of UAE banks is expected to surge by 52 per cent to about $25 billion by 2030, with digital transformation playing a key role in boosting operations and customer services, the chairman of …
Hedge Fund LMR Joins Millennium, ExodusPoint to Open in Dubai
Most Read from BloombergFTX’s Balance Sheet Was BadMusk Publicly Punishes Twitter Engineers Who Call Him Out OnlineChina Plans Property Rescue in Latest Surprise Policy ShiftBiden, Xi Chart Path to …
Empower shares surge on Dubai Financial Market debut
Shares of Emirates Central Cooling Systems Corporation, known as Empower, Dubai’s district cooling provider, surged as much as 9 per cent above the company’s listing price as it made its debut on the …