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London Beats Dubai as Top City for Foreign Investment in Finance
London attracted more foreign investment in finance firms than any other city last year, underlining the Square Mile’s attraction to investors even after the U.K.’s departure from the European Union.
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UAE legitimize the crypto currencies, a good signal for Russia amid sanctions
The International Finance Center, based in the Abu Dhabi Global Market, has welcomed the crypto exchange crackdown into the financial ecosystem in light …
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Dubai Islamic Bank, flydubai sign agreement to facilitate air travel for bank’s customers
Dubai Islamic Bank and flydubai signs agreement to facilitate Air Travel for Bank’s customers. With COVID 19 cases dropping worldwide and increase in air travel have triggered air fares to increase …
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Eid Al Fitr break in UAE: Holidays for banking sector announced
The UAE’s banking sector will mark Eid Al Fitr holidays from 29th of Ramadan till 3rd of Shawwal. The banks are scheduled to resume work on the 4th of Shawwal, UAE Barq reported on Monday. Based on …
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UAE among world’s top markets with highest trust in the financial services sector
The study identifies increased use of technology as a major trust factor, simplifying investing by improving access to markets and information …
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UAE banks’ financial soundness measures remain robust: Central Bank
Direct liquidity support to UAE banks under TESS programme will end in June Dubai: Financial soundness indicators of UAE banks are robust and improving as the economy picks up momentum, according to …
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Emirates Development Bank signs financing pact with Dubai’s food technology hub
Abu Dhabi-based Emirates Development Bank (EDB) has signed an initial agreement with Food Tech Valley, to provide financing for small and medium enterprises and start-ups operating within the Dubai …
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Dubai Deputy Ruler approves three-year plan to digitally transform DIFC Courts and improve dispute resolution efficiency
Artificial Intelligence will reduce clerical burdens, help streamline the case review methodology, create a realistic virtual presence, remove document duplications, and unlock time to take on …
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Emirates Development Bank to offer priority financing for Food Tech Valley startups
Apart from direct funding, Emirates Development Bank will offer Food Tech Valley businesses with mentoring support, knowledge transfer and roadshow participation. “The partnersh …
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Adnoc, Borealis seek $2bn from IPO of plastics JV
The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter …
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UAE’s Masdar signs agreements to develop green hydrogen plants in Egypt
UAE clean energy company Masdar and Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding Group, have signed two MoUs with Egyptian state-backed organisations to cooperate …
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Borrowed from UAE banks to invest in India: Heavy losses for NRI investors
NRIs had been tapping UAE banks to play the Indian stock market Dubai: NRI investors who borrowed from UAE banks and invested in Indian stocks are facing heavy losses. Their loan servicing costs in …
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Gross UAE banks’ assets rise to Dh3.322 trillion
Gross credit increased by 0.3 per cent to Dh1.794 trillion from Dh1.788.3 trillion during the same period due to 0.1 per cent and 2.6 per cent increases in domestic …
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DIFC-based Tarabut Gateway Now a Regulated Open Banking Platform in UAE
Tarabut Gateway has reportedly been granted a license by Dubai Financial Services Authority (DFSA) to offer money services in and from DIFC.
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Local Press: The UAE is building bonds for the future
The Ministry of Finance on Wednesday announced the launch of dirham-denominated treasury bonds. “The initiative is expected to build a local currency bond market and raise alternative sources of …
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UAE’s e-retailers struggle with 0% delivery charges – but will shoppers pay extra?
When delivery charges are added, shoppers tend to lower their order size Dubai: Are you a shopper who insists on zero delivery charges before placing an order? If yes, then spare a thought for the …
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