Dubai plans to sell shares in its main utility, valuing the firm at more than $25bn in a deal that will probably be the emirate’s biggest listing, according to people familiar with the matter. Dubai …
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UAE: Good news as residents opt for more loans. But how does borrowing affect an economy’s recovery?
But how is economic recovery related to appetite among residents for borrowing money? Loan demand rises in the UAE in late 2021 Demand for credit in the UAE is on the rise according to the third …
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UAE: Good news as residents opt for more loans. But how does an economy’s recovery affect your borrowing?
UAE: I’m 40 years old and have saved no money. How can I retire at 65? Dubai: The UAE’s speedy economic recovery is fuelling a positive outlook and higher expectations for loan demand in the months …
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Central Bank of the UAE establishes Cyber Security Operations Centre
The Centre will be the leading security operations for the UAE’s financial sector Explainer: What is the metaverse and why is everyone talking about it? Abu Dhabi: The Central Bank of the UAE (CBUAE) …
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UAE Central Bank’s new cyber security centre to combat financial crime
The UAE Central Bank has established a new Networking and Cyber Security Operations Centre to help defend the financial system’s IT infrastructure against cyber attacks. The centre will be situated at …
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UAE: Criminalisation of bounced cheques to be replaced by preventive measures
In addition to the decriminalisation of cheques issued without funds, the new amendment also made a partial payment of cheque mandatory for banks, unless the drawee rejects it. The amendments replace …
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ActTrader voted as the ‘The Best Multi-Asset Platform’ at The Forex Expo, Dubai 2021
ActTrader, now a Finvasia Group Company, won this year’s best Multi-Asset Platform award at largest trading event in the MENA region – The Forex Expo, Dubai 2021. The award recognises businesses that …
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Dubai Seeks to Boost Flagging Market by Listing 10 State Firms
Dubai plans to list 10 state-owned companies on its stock exchange to boost the size of its financial market to 3 trillion dirhams ($817 billion) as the Middle East’s business hub seeks to catch up …
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Dubai announces listing of 10 govt, state-owned companies on DFM
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, has announced the listing of 10 government and state-owned …
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Dubai Financial Market lists10 new companies
A total of 10 government and state-owned companies have been listed on the Dubai Financial Market (DFM) as part of accelerating new listings in various sectors including energy, logistics and retail, …
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Dubai to launch Dh2 billion fund to boost liquidity in the markets
Dubai on Monday announced plans to launch a Dh2 billion ($544.6 million) market-maker fund to boost trading on the stock market. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of …
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Empower buys Dubai airport’s district cooling system for Dh1.1 billion
The Emirates Central Cooling Systems Corporation (Empower), the Dubai-based district cooling services provider, has acquired the district cooling systems of Dubai International Airport with a total …
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UAE set to decriminalise most bounced cheque cases from January
The UAE Central Bank said on Monday that new amendments will come into force in January, effectively decriminalising the issue of bounced cheques except for the most serious cases. Abdullah bin Touq …
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Reno6 Pro 5G: Energise your passion during Dubai Fitness Challenge
The new OPPO smartphone will be your perfect companion as you pedal against the backdrop of iconic landmarks at Dubai Ride on November 5 or participate in some of the many action-packed activities …
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UAE’s Emirates Food Industries to undertake secondary listing on ADX
Abu Dhabi-headquartered food, dairy and agriculture company Emirates Food Industries, is undertaking a secondary listing of its share (ADX). The company, owned by National Holding, is working on …
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For these Indian ‘unicorns’, the UAE is where deals get struck
Dubai: For India’s startups, the UAE and Gulf are the go-to places for expansion – and raise new funds, if possible. That is the script two of India’s unicorns are planning to follow. “UAE and the …
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Abu Dhabi’s Biggest Islamic Bank Weighs Merger Deals Outside UAE
Where Crypto, Gaming and Capitalism CollideCan a New Mayor Fix Seattle’s Downtown?The Best New Restaurants in Washington, Chosen by Top ChefsThe Terrifying Rise of Haunted TourismIn Minneapolis …
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