Regional broadcaster MBC Group rose by as much as 30 per cent on its trading debut on Saudi Arabia’s Tadawul stock exchange on Monday as investors continue to bank on local listings amid a flurry of …
Pioneering UAE agri-trade fintech – Maalexi – raises $3mln in pre-Series A round
UAE – Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise.
UAE’s FAB gives price guidance for its 5-yr sukuk
The United Arab Emirates’ largest lender, First Abu Dhabi Bank , has given price guidance of around 100 basis points over U.S. Treasuries for its dollar-denominated Islamic bonds, according to a …
New ministers, portfolios: 2024 will be ‘a good year’ for UAE, says Sheikh Mohammed
The announcement came a day after Sheikh Mohammed announced the first meeting of Council of Ministers for the new year …
RadiantBiz: Leading the Charge in Connecting Indian Businesses to Dubai’s Thriving Economy
The driving force behind RadiantBiz is the CEO Rizwan Ansari, an experienced banker from the UAE with an outstanding experience of guiding teams to achieve success. Ansari’s extensive understanding of …
Dubai: Rising rents prompt residents to seek affordable areas, downsize
A considerable number of families and individuals had moved into more spacious houses with outdoor features during the pandemic …
Blinken in UAE, Saudi, Israel on Monday, seeking to avert wider Middle East war
By Simon Lewis, Nidal al-Mughrabi and Emily Rose ABU DHABI, GAZA, JERUSALEM (Reuters) – U.S. Secretary of State Antony Blinken will hold talks in the United Arab Emirates and Saudi Arabia on Monday …
Easy ways to pay your UAE traffic fines
You can pay any fines issued in the UAE through this nifty service, however, you should pay it through the MOI UAE website here. Dubai Police also has options to pay UAE traffic fines with …
Saudi Arabia’s Avalon Pharma plans IPO on main market
Saudi pharmaceutical manufacturer Middle East Pharmaceutical Industries Company, known as Avalon Pharma, on Sunday said it would sell shares on the Saudi Exchange’s Main Market through an initial …
UAE Announces Cabinet Reshuffle
The United Arab Emirates on Saturday announced a ministerial reshuffle, including the Minister of State for financial and economic affairs, the minister of state for defense affairs, the minister of …
Emirati astronaut Sultan Al Neyadi appointed to UAE Cabinet in reshuffle
Emirati astronaut Sultan Al Neyadi has been made a minister in the UAE Cabinet. The appointment came as Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai, released details …
Gang supplying bank accounts to fraudsters in Dubai busted
The City Police has arrested three persons including two women, who supplied bank accounts to Dubai based gang of e-fraudsters who duped people on pretext of online trading.
Arab Bank named Bank of the Year 2023 in the Middle East by The Banker Magazine
Dubai, UAE: The Banker Magazine, owned by the Financial Times and based in London, named Arab Bank as Bank of the Year in the Middle East for 2023. The announcement came during The Banker’s “Bank of …
UAE announces Cabinet reshuffle, appoints new ministers
The United Arab Emirates has announced a significant Cabinet reshuffle.Vice President, Prime Minister, and Ruler of Dubai Sheikh Mohammad Bin Rashid Al-Maktoum revealed the changes on his social media …
Bucking the trend: 2024 GCC banking outlook
GCC banks’ financial performance remains resilient while they benefit from opportunities arising on the back of the long-term National Vision.
UAE market cap soars as top 16 companies hit $719bn
As of January 2024, the aggregate market capitalisation of the top 16 national companies listed on local exchanges stood at AED2.7 trillion ($719 billion), reported Wam. Driven by planned market …
Dubai DFSA regulator to allow local crypto investment funds and more
DFSA ( Dubai Financial Services Authority) the regulatory arm of Dubai’s International Financial center will be updating its crypto assets regulatory …