Business leaders in the UAE and India are uniquely positioned to redefine global collaboration. With the UAE acting as a bridge to global markets and India providing technological and human capital, …
Dubai’s Emaar confirms talks to sell stake in Indian unit
Emaar Properties, Dubai’s largest developer, has confirmed talks with companies in India, including Adani Group, for a possible stake sale in its Indian subsidiary. The valuation and other terms of a …
MoF and IMF mission discuss UAE’s economic, financial developments
Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, has met with the International Monetary Fund (IMF) Article IV consultation mission at …
UAE, USA account for majority FCNR (B) mobilised by local banks
The UAE and the US account for over half of FCNR (B) deposits at Indian banks, with a notable concentration in the Gulf region. Recent data reveals an increase in UAE’s share and a decline in US’s …
UAE Rolls Over $2 Billion Loan to Pakistan, Central Bank Says
(Reuters) – Pakistan’s central bank said on Thursday that the United Arab Emirates has confirmed rollover of its two deposits of $1 billion each placed with state bank of Pakistan for another year.
UAE President issues Federal Decree appointing CEO of Securities and Commodities Authority
President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a Federal Decree appointing Waleed Saeed Abdul Salam Al Awadhi as Chief Executive Officer of the Securities and Commodities …
UAE rolls over $2bn deposits for Pakistan, confirms SBP
UAE rolls over two $1bn deposits with SBP for another year, set to mature in January 2025, says State Bank of Pakistan …
UAE: Virtual assets creating new challenges in combating money laundering, say experts
The criminal use of virtual assets is posing new challenges in combating money laundering and illicit fund transfers, said experts at the inaugural Interse..
Parkin and ENOC Group partner to revolutionise delivery of essential automotive services across Dubai
Dubai, UAE: Parkin Company PJSC (“Parkin” or the “Company”), the largest provider of paid public parking facilities and services in Dubai, and ENOC Group, a leading integrated global energy player, …
Ministry of Finance meets with IMF Article IV Consultation Mission
Abu Dhabi: HE Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, met with the International Monetary Fund (IMF) Article IV consultation mission at the Ministry’s headquarters in Abu …
Indians Visiting UAE To Get Wider Access To UPI Payments; Here’s Why
New Delhi: Indian tourists visiting the United Arab Emirates (UAE) will be able to use Unified Payments Interface (UPI) to make payments over a wider range of merchant locations with NPCI …
Sustainable finance to contribute $2 trillion to Gulf GDP by 2030: Report
A new report found that sustainable finance has a pivotal role in driving economic growth, job creation, and diversification across the GCC …
Indians visiting Dubai may use UPI to shop cashless at duty free shops
Collaboration between India and UAE will expand to other sectors such as retail, hospitality, transport, supermarkets …
Growth prospects for Dubai toll operator Salik look solid, but is the stock overvalued?
Salik’s earnings potential is robust as it is a beneficiary of Dubai’s growth. The city has seen around half a million new residents since 2020, drawn by the relatively lower taxes, positive changes …
UAE’s Al Hilal Bank appoints Jamal Al Awadhi as CEO
Al Awadhi, a seasoned industry leader and UAE national, brings over 20 years of senior leadership experience across diverse sectors …
Chinese investment bank CICC cleared to operate in Dubai financial centre
Licence is ‘a big step forward’ for cross-border deals in the United Arab Emirates, CEO of Dubai Financial Services Authority says.
UAE lender FAB to lose two senior executives, sources say
Two senior executives are set to leave First Abu Dhabi Bank , two sources with knowledge of the matter told Reuters on Wednesday.