COP28 is seeing an impressive 84,000 attendees and over AED 1 trillion pledged in green finance ● The UAE is working to increase SMEs in …
UAE: Economic Substance Regulations Deadline Is Approaching
To prevent base erosion and profit shifting, the UAE, being a member of the Organisation for Economic Cooperation and Development (OECD) inclusive f …
COP28 in Dubai: Nature, Land Use and Ocean Day sees over $186 million in commitments
During WCAS, the UN Climate Change High-Level Champion for COP28 announced that the UAE will contribute $100 million of new finance for nature-climate projects, with an initial $30 million investment …
EFG Hermes Advises On DTC’s Landmark $315M IPO On DFM
EFG Hermes, a leading investment bank in Frontier and Emerging Markets (FEM), has announced the successful completion of its advisory rol …
UAE: Can banks deduct loan amounts from end-of-service gratuity?
Question: I have an outstanding loan in the UAE. Does the bank have the right to recover the amount from my end-of-service gratuity?..
Enforcement Directorate Cracks Down on UAE Bank Fraud: Businessman Accused of Rs 340 Crore Scam
Kochi: The Enforcement Directorate (ED) has taken decisive action by freezing bank accounts and seizing property documents belonging to Abdu..|News Track …
UAE to fund US$272.3b in sustainable finance by 2030 duringCOP 28
Funds will deploy net zero-emission solutions for a sustainable future. The United Arab Emirates, through the Central Bank of the United Arab Emirates (CBUAE), said it is committed to allocating about …
Probe agency searches premises linked to Kerala couple who defrauded UAE bank
The Enforcement Directorate (ED) has launched a probe into money laundering allegations against a couple in Kerala for allegedly defrauding a foreign bank in UAE’s Sharjah.
‘I had only Dh12 in bank, now it’s Dh100,012’: Filipino expat still can’t believe Mahzooz win
Reymund, a Filipino expat had just Dh12 in his account last week. Now his bank balance is Dh100,012. He was one of the latest winners of Mahzooz raffle draw who won Dh100,000 as part of the guaranteed …
Dubai real estate sector records $3bn of transactions this week, including $566m Palm Jumeirah mortgage
Dubai real estate sector sees large number of property transactions, with high sales prices in Al Wasl and giant Palm Jumeirah mortgage this week …
Aqua Bridge Group embarks on Dubai NASDAQ IPO journey amidst spectacular growth
With an impressive year-on-year revenue growth of 143% and an anticipated surge of 425% in the current fiscal year, underpinned by a robust portfolio of 16 ongoing projects spanning six different …
UAE is about making things happen, says envoy Alshaali on outcomes at COP28
UAE ambassador Abdulnasser Jamal Alshaali said many outcomes under India’s G20 presidency overlapped with its efforts under COP28 to address the global climate crisis …
UAE to develop 10GW of renewable capacity in Africa, including 300MW of solar
Masdar plans to develop a number of new renewables projects in Africa, including 300MW of new solar capacity in Angola and Uganda.
Trading commences on Dubai Financial Market’s carbon credits pilot platform
The much-awaited carbon credits trading pilot by Dubai Financial Market (DFM) will go live today, debuting at the COP28.
COP28 Head Urges Nations To Find ‘Common Ground’ In Climate Talks
The Emirati head of the UN’s COP28 climate conference in Dubai urged countries on Wednesday to work with a “spirit of compromise” to reach a deal, with talks due to end next week.
IPO: Dubai Taxi Company shares surge over 19% on first day of trading
CEO says record-breaking demand for IPO, which was 130 times oversubscribed, reflects strength of DTC’s investment proposition as Dubai’s largest mobility company …
Dubai Taxi Company shares soar almost a fifth on market debut
Dubai Taxi Company (DTC) shares soared as they listed on the Dubai Financial Market on Thursday, rising 19.459 per cent during the day to close at …