Tag: finance

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Interest rate cuts by the US Federal Reserve and the UAE Central Bank are expected to make mortgages more affordable for end users. The Fed cut US interest rates by 50 basis points on Wednesday, …

U.S. President Joe Biden will host the leader of the United Arab Emirates at the White House on Sept. 23 to discuss strengthening regional stability and reducing tensions, the White House said on …

Dubai charterer Adhira Shipping & Logistics (ASL) will move into bulker operating once it has got its London initial public offering (IPO) off the launchpad. The Pappu Sastry-led company manages the …

PJT Partners agreed to acquire Dubai-based advisory firm deNovo Partners, giving Paul Taubman’s investment bank a greater foothold in the Middle East amid a surge in regional dealmaking activity.

Japanese financial conglomerate SBI Holdings Inc. and former Federal Reserve official Roger Ferguson agreed to buy minority stakes in Gateway Partners Group, the latest Dubai financial firm to attract …

Investment “goes beyond what any single company or government can finance.” I wouldn’t be so fearful if we lived in a socialist country, where all could depend on safety no matter what the economy …

As the UAE’s development bank, EDB drives economic diversification and industrial growth across the emirates. Since the launch of its strategy in April 2021, EDB has provided over AED 12 billion in …

Swiss trader and shipowner Trafigura has revealed a new finance deal to support dry cargo shipments out of the United Arab Emirates. The company said it has signed a $150m package over two years for …

At 3pm UAE, gold was trading at $2,588.04 an ounce … the Federal Reserve’s dot plot shows a steeper decline in interest rates than previously forecast by the central bank. This trajectory could …

The Central Bank of the United Arab Emirates (CBUAE) has announced a reduction in its Base Rate by 50 basis points, effective from September 19. The rate, which applies to the Overnight Deposit …

The UAE banking system is well-capitalised, with a total capital adequacy ratio of 18.3 per cent at the end of Q2 2024, up from 18 per cent at the end of Q1 2024 and 17.9 per cent at the end of Q4 …

Hunter’s journey from mortgage broker to leading Holo has been a result of … We successfully secured additional investments from our previous investors, Orxy Fund and Dubai Future District Fund, who …

The Central Bank of the UAE (CBUAE) said it has reduced the base rate applicable to the overnight deposit facility (ODF) by 50 basis points, from 5.40 to 4.90 percent …

In a world where political shifts often dictate economic landscapes, the UAE has quietly emerged as a dominant force, fundamentally reshaping the global financial system. Two financial powerhouses-Abu …

The UAE Central Bank cut its benchmark interest rate on Wednesday, joining the US Federal Reserve in cutting the policy rate for the first time in four years. After hitting the pause on increasing …

Dubai, UAE: PRYPCO, Dubai-based prop-tech start-up, has announced a major milestone. In August 2024, PRYPCO Mortgage disbursed over half a billion dirhams (AED 500,000,000+) in mortgages. This …