This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances unchanged …
Shares of Dubai’s Emirates NBD set for worst day in 5 years after flat quarterly earnings
Emirates NBD , Dubai’s biggest bank by assets, reported a flat fourth-quarter net profit, slightly missing estimates as investments to “drive future growth” offset higher income and lower impairment …
UAE banking sector assets surge to Dh4.46 trillion
The UAE banking sector, the largest in the Middle East, recorded a big surge in assets in 2024, reaching Dh4.457 trillion at the end of November 2024, comp..
NAV Capital Launches First India-Focused AIF Fund to Raise Rs 500 Crore
NAV Capital, a Dubai-based wealth management firm, announced a new India-focused AIF Fund aiming to raise Rs 500 crore. The fund targets pre-IPO investments in high-growth sectors and SMEs in India.
A look back at a record-breaking iFX EXPO Dubai 2025
On the 14th of January, iFX EXPO Dubai 2025, MENA’s #1 online trading industry event, kicked-off its remarkable 2+ days of FX & Fintech showcases. Global industry leaders gathered to build lasting …
Emirates Development Bank receives prestigious Great Place to Work certification
Mohammed Al Shair, Executive Chairman of Great Place to Work® Middle East, said: “We are thrilled to celebrate Emirates Development Bank for being Great Place to Work® Middle East certified. The pride …
Dubai: New gratuity investment scheme launched to boost employees’ savings
Sukoon Workplace Savings Solutions Limited (SWSS), a subsidiary of Sukoon Insurance, has launched a capital-protected ‘Go Saver Employee Money Purchase Scheme’, which caters to companies and employees …
Dubai Rent Growth Slows in 2025 with Record Supply
The Dubai real estate market is expected to stabilise in 2025, with rent hikes slowing down significantly. This shift is largely attributed to an influx of new properties and the introduction of the …
Bonyan Plans IPO On EGX By End-February, Targeting EGP 5Bn In Investments
The offering will involve a sale of 49% of the company’s equity, combining both primary and secondary shares. Bonyan has enlisted CI Capital and Arqaam Capital as bookrunners, Mubasher as the offering …
UAE Ministry of Finance and CIPS partner to launch groundbreaking Diploma in Procurement and Supply
Practitioner level certification to enhance government procurement excellence, drive sustainability and support UAE’s Vision 2031 goals …
AED 3mln Up for grabs in Dubai Islamic Bank’s exclusive rewards campaign
The “Dream Bigger” campaign offers exciting rewards to Retail and Business Banking customers, creating unforgettable banking experiences …
Dubai Property Buyers Must Pay 6% More Upfront
Starting February 1, property buyers in Dubai opting for a mortgage will no longer be able to finance the 4% Dubai Land Department (DLD) fees and 2% brokerage fees through their loan. This change …
Emaar to list its UAE real estate development business offering up to 30% equity on DFM
In November 1976, the United Arab Emirates was on a date with the birth of the Emirates News Agency, as a news and knowledge media entity that expresses the country, and on June 18, 1977, “WAM” …
London still dominates as the biggest hedge funds’ international outpost despite hot spots like Dubai entering the scene
Regulatory filings for the biggest managers like Citadel and Point72 show that London and Hong Kong are where investing talent is concentrated.
Dubai commercial transport sector sees surge in operating companies to over 12,000 in 2024
The number of registered vehicles in the commercial and logistics transport sector also saw an increase of over 100,000 last year …
UAE: Property buyers to pay higher upfront as banks to stop financing DLD, brokerage fees
Property buyers opting for a mortgage will have to shell out the Dubai Land Department (DLD) fee and brokerage fee as part of their upfront fee from next w..
UAE: Property buyers to pay higher upfront as banks stop financing DLD, brokerage fees
Property buyers opting for a mortgage will have to shell out the Dubai Land Department (DLD) fee and brokerage fee as part of their upfront fee from next week. Real estate industry executives said …