Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023, which is focused on key global economic issues and the impacts of high f …
UAE: Central Bank issues commemorative coins to mark American University of Sharjah’s silver jubilee
The Central Bank of the UAE (CBUAE), in collaboration with American University of Sharjah (AUS), issued 1,000 commemorative silver coins to celebrate the s..
UAE firms eye $855m stake in Israeli finance firm
UAE funds led by ADQ are in talks to buy a stake worth about $855m in Israeli financial services firm Phoenix Group UAE firms eye $855m stake in Israeli finance firm Israel, Israel-UAE deal Banking & …
Dubai real estate: $479m of property deals on Thursday
Dubai property sector continues to see massive demand and high volume of sales Dubai real estate: $479m of property deals on Thursday Real Estate …
Dubai records over $462.87mln in realty transactions Thursday
DUBAI – Dubai real estate market recorded 468 sales transactions worth AED1.39 billion, in addition to 84 mortgage deals of AED259.89 million, and 65 gift deals amounting to AED109.6 million on …
The UAE participates in the first G20 Finance and Central Bank Deputies Meeting
The meeting sought to discuss the G20 priorities set by the Indian presidency and the Finance Track agenda for 2023 …
UAE bank investments grow marginally to $131.6bn in Sept
On a nine-month basis from January this year, the bank investments increased 2.13 percent or by AED10.1 billion, according to data released by the Central Bank of UAE UAE bank investments grow …
UAE central bank plans to raise Emiratisation in banking sector by 45%
CBUAE sets out to implement ambitious initiatives in financial infrastructure transformation and national payment systems …
Central Bank of UAE follows Fed to raise base rate by 50 bps
The Central Bank of the United Arab Emirates said on Wednesday it was increasing its base rate by 50 basis points to 4.4% effective on Thursday, moving with the U.S. Federal Reserve’s hike.
UAE Central Bank follows Fed move to hike interest rates by 0.5%
CBUAE maintains interest rate applicable to borrowing short-term liquidity from the regulator through all standing credit facilities at 50bps above the base rate …
UAE government revenues reach Dhs148.1 billion in 3rd quarter
In line with the open data policy followed by the United Arab Emirates, the Ministry of Finance announced on Wednesday the results of the preliminary government finance statistics report for the third …
UAE state revenues rise to AED 148.1 billion during Q3
According to the Emirates News Agency (WAM), the preliminary results showed an increase in revenues at the state level from AED 126.3 billion during Q3 of 2021 to AED 148.1 billion during Q3 of 2022.
Dubai IPO boom sees banks target more Middle East deals in 2023
Dubai is one of a number of IPO hubs that are attracting global banking talent Dubai IPO boom sees banks target more Middle East deals in 2023 Dubai, GCC IPO activity, GCC IPO market, IPO, IPO …
Ministry of Finance revenues rise to Dh148.1b in third quarter of 2022
Ministry of Finance announces the results of the preliminary Government Finance Statistics at the state level for The third quarter of of 2022. The U …
Dubai Is a New Hotspot for Idle Bankers Chasing IPO Deals
In a year that’s seen the worst slump in initial public offerings since the financial crisis, investment bankers covering deals in the Middle East are busier than ever.Most Read from BloombergMusk …
UAE banks to outperform peers with 6.4% annual revenue growth
Banks in the UAE and the rest of the Middle East and Africa are expected to outperform many of their peers globally, with retail revenues in the region forecast to grow 7.7% every year between 2021 …
IPO frenzy makes Dubai a hotspot for idle bankers chasing deals
Investor demand is strong, with this week’s dual listing of Americana Restaurants International Plc drawing $105 billion of orders for its $1.8 billion offering …