Dubai business park operator TECOM Group posted Q4 2023 net profit of 311 million dirhams ($85 million), more than triple its net profit for the corresponding period in 2022.
UAE Golden Visa: Dubai real estate expects boost as ‘minimum down payment’ rule dropped
The removal of the down payment was reported by local media last week, and will likely be a boon to property investment in the UAE …
UAE Ministry Of Finance Implements Robotic Process Automation, Boosting Efficiency By 85%
Migrating high-volume and long-cycle time processes with fluctuating demand from manual to automated workflows utilising artificial intelligence, mac …
Dubai records real estate transactions worth $816mln Tuesday
DUBAI: Dubai real estate market recorded 530 sales transactions worth AED2.35 billion, in addition to 135 mortgage deals of AED564.27 million, and 55 gift deals amounting to AED180.68 million on …
How the UAE Ministry of Finance is using robots to speed up business and slash mistakes
The Ministry of Finance has completed phase two of embedding robotic process automation (RPA) into many of its internal processes. The Ministry now uses bots, software applications that carry out …
Swank to tap Dubai property market
Investment Corporation of Dubai (ICD) announced on Tuesday its consolidated financial results for the year ended Dec.31, 2021, having generated revenues of Dhs169.4 billion Oman and Etihad Rail …
UAE’s uses CBDC for first cross-border payment to China
The UAE has settled its first cross-border payment to China using the CBDC Digital Dirham for a $13.6 million worth of value transfer.
UAE bank fraud: Another resident loses Dh200,000 to criminals
UAE residents are increasingly coming forward to share their experiences of losing tens of thousands of dirhams to telephone banking fraudsters, in an effort to stop unsuspecting victims being tricked …
UAE Central Bank issues $327,000 fine to insurance company
The financial sanction is the result of the findings of the regular examination conducted by the Central Bank, which revealed that the insurance company had deficiencies in its AML/CFT policies and …
2023 IPO boost at Saudi Arabian stock market: How to profitably invest your savings
Individual investors must meet the eligibility criteria of the Saudi Stock Exchange Saudi Arabia’s stock market has proven itself to be one of the best performers globally Image Credit: Shutterstock …
ICEBERG Cyberlab: Leading Dubai’s Metaverse Revolution With Creation Of Burj Khalifa And DIFC
As Dubai evolves in the Metaverse, ICEBERG Financial stands as a key architect of this digital future, driving progress and prosperity in the UAE and beyond, while boldly leading the charge into the …
Dubai Health Authority harnesses AI to ease financial burden of diabetes patients by 30%
The cost of treating diabetes patients in Dubai, covered by health insurance, exceeds $544mln according to the DHA …
Arab Bank Group Reports Net Profits Of $829.6 Million For 2023, 30% Cash Dividends
Dubai, UAE, 27 January 2024: Arab Bank Group achieved solid results for the year ending December 31, 2023, reporting a growth of 52% in net income after tax of $829.6 million as compared to $544.3 …
Dubai’s focus on delivering high-quality medical care solidifies its status as leading global healthcare hub: Sheikh Maktoum
Exhibition features over 3,400 exhibitors, more than 40 international pavilions, and over 180 participating countr …
UAE makes first cross-border digital dirham payment, with $13.6m transfer to China
The payment was sent by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of the Central Bank of the UAE (CBUAE), …
UAE should scrap IPO eligibility rule to reach its tech hub goals
Abu Dhabi and Dubai sell themselves as international hubs for tech companies, with new initiatives to support start-ups and scale-ups, but rules around eligibility for equity listings will hinder the …
Egypt considers issuing UAE dirham-denominated bonds: Finance minister
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed on Monday. Maait explained that the …