India’s second-richest man Mukesh Ambani is building upon his Dubai property empire with another eye-watering beach-side villa purchase.
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Virtuzone and Wio Bank partner to drive digital innovation
Virtuzone, in collaboration with Wio Bank, offers entrepreneurs seamless access to banking services through Wio’s SME-focused digital banking application, Wio Business. As a result of this alliance, …
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Dubai Financial Market admits Amsterdam’s Laval Securities as market maker
Dubai Financial Market (DFM) has admitted Laval Securities BV as a market maker for listed companies, bringing the total number of active market makers on the exchange to five. As a market maker, …
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Zymeworks strikes $1.8-billion licensing deal labelled ‘bad’ for shareholders by hostile suitor
Shares of Zymeworks Inc. rose after it announced an unusual licensing deal with Irish company Jazz Pharmaceuticals that could be worth US$1.8-billion-plus to the Vancouver cancer drug developer …
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UAE seeks to lure tech firms with long-term residency, financing
The United Arab Emirates is trying to lure advanced technology companies away from hubs in Asia and Europe by fast-tracking business licences and offering long-term residency for employees.
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HSBC launches new banking service for millionaires in UAE
The UAE is attracting more capital and investment, which has also coincided with financial transparency concerns.
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Dubai Financial Services Authority partners with Thai Securities and Exchange Commission
The strategic partnership between the two sides has created a solid foundation for strengthening their bilateral cooperation in emerging technologies …
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UAE fast-tracks digital economy growth
The adoption of new solutions based on technology and digitization would enhance the country’s competitiveness and global leadership …
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HSBC expands private banking in UAE to cater to growing millionaire base
The new private bank is aimed at clients with investable assets of more than $2 million, HSBC said in a statement on Wednesday. “The launch of HSBC Bank Middle East Global Private Banking in the UAE …
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HSBC opens private banking facility for UAE’s millionaires
The new facility will offer both onshore and offshore private wealth management services HSBC has opened a branch of its private banking service in the UAE to cater to the needs of millionaires with …
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UAE banks’ gross assets rise to AED3,523 billion during July-August this year
The gross credit by banks, however, slipped marginally by 0.3 percent to AED1,851.1 billion from AED1,857.4 billion during the period, according to data by the Central Bank of the UAE (CBUAE) UAE …
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Upbeat sentiments in real estate, banking sectors push UAE stock markets index
DFMGI – closed 0.98 percent higher, driven by real estate, banking sectors Upbeat sentiments in real estate, banking sectors push UAE stock markets index Abu Dhabi bourse, Abu Dhabi Securities …
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UAE gross banks’ assets up 0.9% to over Dh3.5 trillion by end of August 2022
The total bank deposits increased by 1.6%, climbing from Dh2,132.9 billion at the end of July 2022 to Dh2,166.6 billion at the end of August 2022 …
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Dubai Islamic Bank teams up with UAE MOI to implement digital KYC journey
The initiative will allow new customers to open a bank account with DIB remotely and digitally through face-matching verification.
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Emirates Development Bank approves Dhs4.4bn in loans in first nine months of 2022
Emirates Development Bank approved Dhs1.3bn towards financing mSMEs and Dhs3.1bn towards financing industrial and infrastructure development …
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UAE markets in green driven by improved sentiments at realty, banking sectors
The UAE Stock markets closed higher on Tuesday, led by gains in heavyweight real estate and banking sectors. In Abu Dhabi, the FADX 15 , the first co-developed index under ADX’s strategic partnership …
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Dubai tenants find it cheaper to stay in existing apartments as rents soar
Residents, while choosing a rental property, also consider several factors, including connectivity to the workplace, school, and community amenities …
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