The completed financial district welcomes a range of multinational tenants, including financial players, and becomes home to Riyadh’s foreign business community as more firms relocate regional …
GCC IPO bonanza set to continue next year amid booming economies
The initial public offering bonanza that bucked the global trend and allowed GCC companies to raise tens of billions of dollars by listing their shares will continue next year amid booming economies, …
UAE national banks provide $10.1bn in trade, industry financing
The Dubai trade and industry sectors topped in terms of getting the maximum amount of credit financing at AED 354.8 billion, followed by AED350.6 billion in Abu Dhabi, and AED99.7 billion by other …
Saudi’s PIF eyes $250m stake in cooling firm ahead of IPO
Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a stake worth about $250m in Saudi Tabreed, the local venture of UAE-listed National Central Cooling, according to people familiar with …
Innovative thinking and putting the planet first are key for 2023
Sustainability will remain at the centre stage throughout the new year Innovative thinking and putting the planet first are key for 2023 DIFC, DIFC Living and Innovation Two, Dubai, Dubai …
Where is the finance sector heading in 2023?
It’s a good day to be in tech in the UAE Where is the finance sector heading in 2023? digital payments, Financial Services, financial technology, fintech, fintech startups, tech entrepreneurs, UAE Opi …
Dubai property market deals drop to $353mn on Monday
The Monday’s property deals included 476 sales transactions worth AED1.17 billion, 92 mortgage deals of AED181.95 million and 20 gifts deals amounting to AED35.42 million Dubai property market deals …
UAE: 8 banks that offer up to 90% of your salary in advance
This facility is a big relief for customers to meet expenses such as electricity bills, hospital charges, or credit card payments …
UAE Central Bank projects real GDP to grow by 7.6% in 2022
The Central Bank also raised non-oil GDP growth from its previous forecast of 4.3% for the whole of 2022, to 6.1%.
UAE central bank sees GDP growth at 7.6% this year
The UAE central bank expects real gross domestic product growth of 7.6% this year, an upward revision of more than a percentage point, while lowering expectations for growth next year, …
DIFC’s contribution to UAE’s economic output on the rise, governor says
The Dubai International Financial Centre has increased its contribution to the emirate’s and the UAE’s economy in 2022, and is set to attract more finance-related foreign direct investment to Dubai …
Money Flows Into UAE (Technical Analysis)
The UAE stock market is poised to outperform the US S&P 500, especially on a relative basis as it is showing strong relative strength. Find out why the ETF is a Buy.
TCS-empowered UAE bank wins IBS Intelligence Global NeoChallenger Bank award
Through an exchange filing, leading IT firm Tata Consultancy Services (TCS) has announced that its client Al Maryah Community Bank has won the IBS Intelligence Global NeoChallenger Bank award in the …
Breinrock Announces the Opening of New Office in Dubai
Breinrock, a global premium brand offering a portfolio of fintech payment solutions, announced today the opening of its new office in Dubai, at the Dubai International Financial Centre (DIFC) – one of …
UAE more proactive in its approach to digital asset regulation
The UAE has been more proactive in its approach to digital asset regulation, working on a framework that will specifically address cryptocurrencies.
Emirates Development Bank named Best Micro Finance Bank in the Middle East by 2022 Global Banking & Finance Awards
Further showcasing EDB’s continuous efforts towards the UAE’s economic development and its support for empowering mSMEs …
UAE banks’ credit fundamentals strong for 2023
Analysts at Fitch expect impairment charges to “fall further on the supportive macroeconomic backdrop and recovering real estate prices, and capital buffers will remain adequate.” …