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Tag: finance

Posted on 20/01/2022

Dubai: Mortgage transactions reach all-time high of Dh127 billion in 2021

The mortgage market in Dubai experienced a record-breaking year in 2021 as the total number of mortgage transactions registered with the Dubai Land Department reached 19,520, exceeding the previous …
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Posted on 20/01/2022

Dubai mortgage transactions break records in 2021

Dubai’s mortgage market broke records in 2021, with the total number of transactions registered with Dubai Land Department reached 19,520, exceeding the previous high in 2017 by 26%. Q1 2021 had the …
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Posted on 20/01/2022

UAE’s 4th Industrial Revolution strategy focuses on advancing national economy

IDC estimated that public cloud services adoption is accelerating at a CAGR of 28 per cent year on year between 2020 and 2025 in the UAE …
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Posted on 19/01/2022

5 ways to protect investments from inflation and make profits in times of crisis

Even if your money is growing in value, inflation has always been one such risk that can still reduce the bottom line value of your investments. Moreover, with inflation soaring globally currently to …
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Posted on 19/01/2022

NCB Capital named Best Asset Management Company

The award, presented in Dubai on 21stDecember at the Emirates … NCB Capital’s asset management strategies include hedge fund-of-funds, fixed income, money market and local equities and it …
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Posted on 19/01/2022

Abu Dhabi Sustainable Finance Forum to be carbon neutral

Abu Dhabi Global Market (ADGM) has announced that the fourth edition of its landmark Abu Dhabi Sustainable Finance Forum (ADSFF), to be held virtually today (January 19), will be a carbon-neutral …
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Posted on 19/01/2022

UAE agrees deal to boost Turkey’s central bank reserves

Turkey and the United Arab Emirates signed a $5bn deal to boost Ankara’s foreign currency reserves in the latest sign of warming ties between the two former arch rivals. The two nations’ central banks …
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Posted on 19/01/2022

Central Banks of UAE, Turkey sign currency swap agreement

The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of the Republic of Turkey (CBRT) Wednesday announced the establishment of a bilateral currency swap agreement between the UAE …
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Posted on 19/01/2022

FSS partners with UAE’s first digital banking platform to support global expansion

FSS (Financial Software and Systems) announced its collaboration with YAP, the United Arab Emirates’ (UAE) first independent digital banking platform, to deliv …
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Posted on 19/01/2022

UAE-based trade finance platform 360tf raises $1.5m five months into launch

Dubai: A trade financing platform, 360tf, has raised $1.5 million in new funds five months after going live. The portal connects banks and businesses to manage their letters of credit financing needs.
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Posted on 19/01/2022

Turkey, UAE central banks ink $4.7B currency swap deal

have inked a swap agreement with a nominal size of 18 billion UAE dirhams and TL 64 billion ($4.7 billion), the Central Bank of the Republic of Turkey (CBRT) announced Wednesday. “The agreement, which …
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Posted on 19/01/2022

Turkey, UAE Sign FX Swap Deal Worth $5 Billion

Turkey signed a currency swap agreement with the United Arab Emirates, boosting its central bank’s dwindling foreign-exchange reserves.Most Read from BloombergMicrosoft Buys Scandal-Tainted Activision …
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Posted on 19/01/2022

Watch: YouTube star raises $11 million for charity after 11 days of living in glass box in Dubai

YouTube star AboFlah raised a whopping $11 million (Dh40.4 million) after 11 days of living in a glass box at Burj Park in Downtown Dubai to bring warmth to over 110,000 families in the region this …
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Posted on 19/01/2022

UAE: Gold prices drop; 22K opens at Dh206, down Dh1 per gram

Spot gold was down 0.12 per cent at $1,812.29 per ounce, as of 9.10 am UAE time. In the UAE, the yellow metal price dropped one dirham per gram on Wednesday as compared to Tuesday’s close of the …
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Posted on 19/01/2022

UAE – ADGM’s Abu Dhabi Sustainable Finance Forum to be a carbon neutral platform

Abu Dhabi – The fourth edition of the Abu Dhabi Sustainable Finance Forum kicks off on January 19, 2022 by A Staff Reporter Published: Tue 18 Jan …
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Posted on 19/01/2022

UAE – Rain Financial raises $110m in Series B funding

Dubai – Rain’s Bahraini entity, Rain Management, is one of the Middle East’s largest and first licensed cryptocurrency brokerage and custodian by A …
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Posted on 19/01/2022

UAE – FAB goes live with Arab Monetary Fund’s Buna system

First Abu Dhabi Bank (FAB) has enhanced regional cross-border payments capabilities by going live with the Arab Monetary Fund’s Buna system. Buna is a state-of-the-art payment platform that provides …
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