Dubai’s luxury real estate market is a magnet for expats and investors seeking opulent homes and lucrative opportunities. Among the most coveted properties are Dubai villas, renowned for their …
Hedge Funds Expand Into Dubai As Moore Capital Spin-Off JJJ Enters Market
Dubai JJJ, a new hedge fund established by former Moore Capital executives, has made a significant move into Dubai’s thriving financial market, joining a growing list of hedge funds that are …
Emirates Islamic wins ‘Best Islamic Bank for SMEs’ and ‘Best Bond Issue of the Year’ at MEA Finance Awards 2024
The bank was recognised as ‘ Best Islamic Bank for SMEs ’ for its strong proposition for small and medium enterprises …
Dubai outperforms other Gulf markets in early trade
Dubai’s benchmark share index jumped to its highest level in more than a decade on Thursday, lifted by real estate and industrial stocks, while most other markets in the Gulf also gained amid stronger …
Future of banking is AI-driven and ADIB is ready to evolve, CEO says
Mohamed Abdelbary is convinced that how banks serve their customers today will be radically different in a decade. He is relying on generative artificial intelligence to transform Abu Dhabi Islamic …
UAE IPO pipeline to remain strong as some big names likely to go public in 2025
The initial public offering (IPO) pipeline looks healthy for the next year after seven raised $6 billion (Dh22 billion) this year.Analysts say some of the big industry players such as Abu Dhabi’s …
UAE: Debit card registered on social media sites? Your data can be compromised
Qaisar Mahmood, owner of Asaa Tours and Travels, learned the hard way about the dangers of sharing his financial information on social media platforms. After putting his debit card details on a social …
Amid Gulf gloom, Dubai share index hits over a decade high
Dubai’s benchmark stock index extended its gain to a second straight session, rising 0.6% to 5,093, its highest in 10 years and three months. Emirates NBD, Dubai’s largest lender, rose 0.8 and Gulf …
Lulu Retail strengthens footprint in the UAE with opening of new Yas Acres Express Store on Yas Island, Abu Dhabi
The new store provides an extensive range of high-quality products and services, making it the go-to destination for quick and efficient grocery runs …
SA woman stuck in Dubai gets over R114,000 in donations to pay off loan after bank offers a discount
A South African woman stuck in the United Arab Emirates (UAE) due to an unpaid loan, has reached her target and managed to raise over R114,000 to pay off her loan.Initially, Bongile Ntombela said she …
UAE-based Allo.xyz secures $100 million Bitcoin-backed credit facility for its RWA platform
UAE-based Allo.xyz, a platform for real-world asset (RWA) tokenization and lending, has secured a $100 million Bitcoin-backed credit facility. The project was also recently accepted into Qatar’s …
UAE Ministry of Finance makes major amendments to Ministerial Decisions
Announcements relate to Tax Groups and Participation and Foreign Permanent Establishment Exemptions and aim to enhance compliance …
UAE corporate tax: FTA urges businesses to register before December 31 deadline to avoid penalties
The FTA noted that Cabinet Decision No. 75 of 2023 imposes Administrative Penalties on Taxable Persons who fail to register within the specified timelines …
The Board of Directors of the UAE Banks Federation confirms sector’s strength & ability to continue growing in 2025
The Board of Directors of the UAE Banks Federation (the sole representative and unified voice of UAE banks) held its last regular meeting for 2024 under the chairmanship of His Excellency Abdul Aziz …
UAE Central Bank keeps 2024 GDP growth forecast at 4%
The Central Bank of the UAE (CBUAE) maintained its real GDP growth projections for 2024 at 4.0 per cent, accelerating to 4.5 and 5.5 per cent in 2025 and 2026, respectively.
UAE Central Bank maintains GDP growth projections for 2024 at 4%
ABU DHABI – The Central Bank of the United Arab Emirates (CBUAE) maintained its real GDP growth projections for 2024 at 4.0 percent, accelerating to 4.5 and 5.5 percent in 2025 and 2026, respectively.
Islamic finance in UAE: Rapid growth, leadership in sustainability
The UAE is committed to developing economic policies and legislation to enhance Islamic finance and the broader Islamic economy …