Dubai: Dubai stocks bounced back with blue-chip property stocks leading the gains whereas other Gulf markets offered mixed signals in line with their global counterparts. Dubai Financial Market traded …
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UAE banks return Dhs14.47bn received from Central Bank’s TESS initiative
UAE national banks have returned close to Dhs14.47bn from the stimulus they garnered from the country’s central bank to combat the fallout of the Covid-19 pandemic, statistics have revealed. A …
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Dubai Islamic Bank Full Year 2020 Group Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced its results for the period ending December 31, 2020. Prudent …
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Dubai’s biggest bank makes major move into insurance with MetLife deal
Dubai’s largest bank Emirates NBD has announced a big move into the sale of insurance products after partnering with New York-based giant MetLife. . The move comes as MetLife research shows that 60 …
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Aafaq Islamic Finance Introduces ‘Osool’ To Empower Emirati SME Owners
Aafaq Islamic Finance, the leading Islamic Finance Company for individuals and companies in the UAE, in partnership with Dubai SME, the agency of Dubai …
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Saudi Arabia Adds Pressure On Firms To Move To Riyadh, Challenges Dubai
Saudi Arabia is increasing pressure on international firms to shift their Middle East hubs to the kingdom, posing a direct challenge to neighboring Dubai as a regional rivalry heats up.
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FG seeks fruitful synergy in Nigeria-UAE relations for economic benefits
The Federal Government has called for robust collaboration with the United Arab Emirates (UAE) in strengthening existing bilateral relations between the two countries. Minister of State, Finance, …
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Why millennials are likely to drive growth in global Islamic finance
Young Muslims want to know that their money is doing good in the world, says Islamic finance expert The future of global Islamic finance belongs to the “young and the bold” who want to make an impact …
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Experts offer guidance for businesses on UAE economic substance regulations
Dubai Chamber webinar, organised in cooperation with Al Tamimi & Co., examined latest developments and provided guidance with respect to the economic substance regime.
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Omdia recognizes Comviva’s mobiquity® Banking Suite as a key Digital Banking Platform
Omdia, formerly Ovum, one of the world’s leading research and consultancy company, has featured Comviva’s mobiquity® Banking Suite as one …
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Sara Al Madani wants to be part of the UAE Covid solution
As a proud UAE national, award-winning entrepreneur, public speaker and recognised local personality, Sara Al Madani wields more influence than most (just don’t call her an ‘influencer’. More on that …
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Dubai Airport Boss Warns Tough Year Ahead After 2020 Passenger Numbers Slide 70%
Dubai Airports’ chief executive warned on Monday it would be another tough year for the Middle East’s busiest hub, Dubai International, after passenger numbers slid 70% in 2020. The airport, the base …
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With IPO Plans For Later This Year, Policybazaar Set To Raise $70 Million From Abu Dhabi Based Firm
Gurugram based unicorn Policybazaar’s valuation is likely to surge significantly with Abu Dhabi based investment firm ADQ set to invest $70 million in the online insurance aggregator platform business …
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UAE’s Hope probe sends back first image of the Red Planet after entering the orbit
The UAE’s “Hope” probe sent back its first image of Mars, the national space agency said Sunday, days after the spacecraft successfully entered the Red Planet’s orbit. The picture “captured the …
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Sales Executive, Receptionists top hires in UAE
Receptionist (19%), and Sales Manager (17%) emerged as the top roles that UAE employers are hiring for in the coming quarter in a survey conducted recently by Bayt.com, the Middle East’s top job site, …
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IPO price for Saudi Alkhorayef Water set at $19.20 per share
Investment bank Saudi Fransi Capital said Sunday that the final offer price for the initial public offering (IPO) of Alkhorayef Water & Power Technologies Company (AWTC) is 72 Saudi riyals ($19.20) …
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Central Bank’s total assets up 6.6% to Dhs470.5 billion in December
The total assets of the Central Bank of the United Arab Emirates grew 6.6 per cent to Dhs470.5 billion by the end of December 2020, CBUAE latest statistics have showed.
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