Real estate is a lucrative investment at a time when the UAE real estate sector is embarking on a path of regrowth. With global economies and businesses beginning to open, we anticipate a strong …
( read original story …)
Now is not the time for UAE businesses to hike prices
It looked strange as a hike in any area of spending these days looks unrealistic. Real estate is the lifeline of our beautiful country. We should regulate each and every aspect connected with it so …
( read original story …)
Dubai Police hands over Hushpuppi to FBI in the US
Nigerian Instagram scamster Hushpuppi has been handed over to the Federal Bureau of Investigation (FBI) in the US, Dubai Police said on Thursday. According to a statement, Christopher Wray, Director …
( read original story …)
Dubai’s Emirates NBD to raise $750 mln in perpetual bonds -document
Emirates NBD, Dubai’s largest bank, is set to raise $750 million with perpetual bonds non-callable for six years, a document showed.
( read original story …)
Coronavirus: UAE among most active countries in Middle East in providing economic incentives
The Ministry of Economy has said that the UAE is among the most active countries in the Middle East and North Africa in providing financial and cash incentives to support its markets, banks and …
( read original story …)
Clifford Chance, A&O Alliance Firms Lead On Saudi Banking Mega-Merger
The potential merger is expected to create an entity with total assets of around $214 billion, making it the third-largest lender in the region.
( read original story …)
Fintech Abu Dhabi Innovation Challenge: UAE’s Central Bank and Abu Dhabi Global Market to Support Local and International Fintech Projects
The central bank of the United Arab Emirates (UAE) and the Abu Dhabi Global Market, an international financial center and free zone based on the Al Maryah Island in the nation’s capital, Abu Dhabi, …
( read original story …)
Dubai’s Emirates NBD to Raise $750 Million in Perpetual Bonds: Document
Emirates NBD, Dubai’s largest bank, is set to raise $750 million with perpetual bonds non-callable for six years, a document showed.
( read original story …)
Dubai’s Emirates NBD bank to raise $750 mln in perpetual bonds: Reuters
Dubai’s largest bank, Emirates NBD, is set to raise $750 million with perpetual bonds non-callable for six years, a document seen by Reuters showed. The bank is offering investors a 6.125 percent …
( read original story …)
Dubai: GDP Drops 3.5 Percent In Q1 2020
Dubai’s real gross domestic product at constant prices showed a 3.5% decline in the first quarter of 2020. Compared to this, the emirate’s GDP had registered a dynamic growth rate of 2.2% in 2019, …
( read original story …)
MIDEAST STOCKS-Most major Gulf markets gains; Aramex drags Dubai lower
Most major Gulf stock markets opened higher on Thursday, with Saudi Arabia leading the gains on back of its financials, while Dubai bucked the trend. July 2 (Reuters) – Most major Gulf stock markets …
( read original story …)
Now is not the time for UAE businesses to hike their costs
It looked strange as a hike in any area of spending these days looks unrealistic. Real estate is the lifeline of our beautiful country. We should regulate each and every aspect connected with it so …
( read original story …)
You need to leave the UAE but have outstanding debt: what’s the solution?
The COVID-19 crisis has left many foreign workers and small business owners in the UAE reeling from the financial fallout of the pandemic …
( read original story …)
Why West Bank annexation poses an existential threat to Jordan
While the immediate timetable for West Bank annexation might be slipping a bit, Israel still appears to be on the verge of unilaterally proclaiming sovereignty on a patch of land that is a critical …
( read original story …)
UAE Central Bank and ADGM invite FinTech firms for an innovation challenge
The Central Bank of the UAE and the Abu Dhabi Global Market, the capital’s international financial hub, on Wednesday invited financial technology companies to compete in the annual FinTech Abu Dhabi …
( read original story …)
Dubai’s economy declined by 3.5% in Q1 amid Covid-19 crisis
Dubai’s economy declined by 3.5 percent in the first quarter of 2020 as the emirate grappled with the impact of the coronavirus pandemic. This compares to a growth rate of 2.2 percent in 2019, …
( read original story …)
Saudi CMA approves BinDawood, White Cement IPOs
Riyadh – The Saudi Capital Market Authority (CMA) has approved the request of BinDawood Holding Company to offer 20% of shares through an initial public offering (IPO). A total of 22.86 million shares …
( read original story …)