Dubai real estate market recorded 530 sales transactions worth AED2.35 billion ($639 million), in addition to 135 mortgage deals of AED564.27 million, and 55 gift deals amounting to AED180.68 million …
Mashreq Bank’s 2023 profits skyrocket 130.5%; operating income hit $2.94bln
Dubai – Mashreq Bank achieved net profits attributable to the shareholders worth AED 8.58 billion ($2.33 billion) in 2023, up 130.30% from AED 3.72 billion ($1.01 billion) in January-December 2022.
Fintech Galaxy launches Open Banking compliance services in the UAE
Fintech Galaxy, a regional Open Banking and financial innovation firm, has announced the launch of its FINX Comply services in the United Arab Emirates, marking its full commitment to the country’s …
Dubai TECOM Group’s Q4 net profit soars to $85mln on renewals, new customers
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 …