The net earnings of Amlak Finance went up by 35% on a yearly basis by the end of the first half (H1) of 2022, standing at AED 266 million, from AED 197 million. Total income during the January-June …
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Ministry of Climate Change and EDB to finance agriculture SMEs and start-ups
The two parties will identify collaboration opportunities in food security and how best to support SMEs and start-ups, the ministry and EDB said on Wednesday. EDB will finance agricultural businesses …
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UAE: Spinneys says no personal banking data of customers leaked in cyberattack
Spinneys is aware of unverified emails being sent out from unidentifiable email addresses stating that a ransomware group may have leaked data hacked from our internal server o …
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Dubai real estate market records over $4.4 million on Tuesday
Tuesday’s transactions included 396 sales deals worth AED 845.37 million, 110 mortgage deals of AED376.93 million and 11 gift deals amounting to AED96.55 million, according to Dubai’s Land Department …
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Dubai real estate deals hit $230m on Tuesday
Dubai real estate market recorded 396 sales transactions worth AED845.37 million ($230.15 million), in addition to 110 mortgage deals of AED376.93 million, and 11 gift deals amounting to AED96.55 …
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TECOM Group’s half-year profit up 43 percent after Dubai IPO
The company, which was recently listed on the Dubai Financial Market (DFM), saw a double-digit growth in revenue TECOM Group’s half-year profit up 43 percent after Dubai IPO Dubai, financial results, …
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UAE: How residents can protect their bank details, personal info on public Wi-Fi
First Abu Dhabi Bank, the UAE’s largest bank, has sent out an advisory to its customers, advising them to be very cautious when using open Wi-Fi and also be aware of fake Wi-Fi hotspots that can …
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Dubai Buy Now, Pay Later Firm Tabby Gets $150 Million Financing
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergThis Is How China Could Hit Back Over Pelosi’s Taiwan VisitPelosi Poised to Land in …
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Pakistan focusing to extend existing bilateral relations with UAE: Finance Minister
Finance Minister Miftah Ismail says Pakistan is focusing on various new avenues of mutual interest to extend the existing bilateral relations with United Arab Emirates to a new level. He was talking …
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UAE laws clamp dwn on money laundering, terrorism financing
The bank released a statement on procedures that licensed financial institutions must follow with regard to “politically exposed persons.” Such individuals are at higher risk of conducting money …
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UAE: Gross banks’ assets in May reach Dhs3.442tn in May, reports CBUAE
CBUAE stated that gross credit grew by 2.6 per cent, rising from Dhs1.817tn at the end of April to Dhs1.865tn at the end of May …
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Dubai Records Over AED1.2 Billion In Real Estate Transactions Tuesday
Dubai real estate market recorded 396 sales transactions worth AED845.37 million, in addition to 110 mortgage de …
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Peter Kelly resigns as judge in Dubai financial court
The former president of the High Court, Peter Kelly, has said he has decided to resign as a judge of the Dubai International Financial Centre Courts.
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Dubai launches new 2060 strategy to ‘achieve financial sustainability’
The emirate will use “the best smart and innovative financial systems” to achieve this strategy by 2026 Dubai launches new 2060 strategy to ‘achieve financial sustainability’ 2060 strategy, Dubai, …
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Dubai Metaverse Strategy to back over 40,000 virtual jobs by 2030, add $4 billion to emirate’s kitty in 5 years
The emirate is the world capital of Web3, which includes dealing with cryptocurrency firms. Dubai has seen over 1,000 firms mushroom in the metaverse and blockchain sector.
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Dubai Department of Finance launches its new strategy
Inspired by the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the new 2026 Strategy aims to achieve a set of objectives associat …
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UAE Central Bank issues guidance for licensed financial institutions on risks related to politically exposed persons
Financial institutions have been given one month to comply with the requirements Abu Dhabi: The UAE Central Bank issued new guidelines on anti-money laundering and combating terror financing to …
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