Dubai Financial Market Company on Wednesday announced an annual net profit of AED137.9 million, up 14 percent on the previous year as trading jumped by nearly a quarter to AED66 billion ($18 billion).
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Finance Minister Holds Talks with UAE’s Ambassador
Minister of Finance Ahmed Shide held talks today with the Ambassador of the United Arab Emirates (UAE), Mohammed Salim Alrashid.The discussion focused on ways to enhance economic cooperation between …
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Dubai launches new one-stop shop to attract more investors, entrepreneurs
Invest in Dubai platform enables investors to obtain trade licences and launch their business in a matter of minutes …
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Revealed: UAE’s 10 most valuable banks
Ten UAE banks have been featured among the world’s top 500 most valuable and strongest banking brands of 2021. According to Brand Finance, the UAE banks’ combined brand value reached $13.7 billion …
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UAE’s citizenship move set to spur influx of more Indian investment, talent
Policy experts in India say move is bound to attract more investments and talent from the south Asian country Policy experts and expat Indian business leaders have hailed a move by the UAE to amend …
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UAE Oil Firm Adnoc Gets $900 Million Investment in Property Unit
The biggest oil producer in the United Arab Emirates is getting a $900 million investment in its property business from a state pension fund.
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Biden Overrules Trump on UAE Tariff, Keeping Aluminum Duties
President Joe Biden said he would keep U.S. tariffs in place on aluminum imports from the United Arab Emirates — reversing a last-minute move by his predecessor to grant the Persian Gulf nation …
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UAE utilities firm Utico says in talks to IPO on Dubai bourse
United Arab Emirates (UAE) utility firm Utico said on Monday it intends to list on the Dubai Financial Market this year, seeking a valuation of 3 billion dirhams ($817 million). DUBAI, Feb 1 (Reuters) …
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Mideast Stocks: Most Gulf markets fall in early trade
Major stock markets in the Gulf traded lower on Sunday following Friday’s fall in global equities amid a growing battle on Wall Street between hedge funds and retail investors. Saudi Arabia’s …
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UAE plans to offer citizenship to foreigners to boost economy
The major policy shift unveiled on Saturday is aimed at attracting talent in a way that will boost growth in the UAE, home to the Middle East’s finance and travel hubs and millions of expatriate resid …
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Most Gulf markets fall in early trade
Major stock markets in the Gulf traded lower on Sunday following Friday’s fall in global equities amid a growing battle on Wall Street between hedge funds and retail investors.
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UAE Central Bank Fines 11 Banks for Compliance Failure
The United Arab Emirates’ central bank imposed financial sanctions on 11 banks operating in the country for their failure to reach appropriate levels of compliance on anti-money laundering and …
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UAE Opens Citizenship to Select Foreigners to Boost Economy
The United Arab Emirates plans to offer citizenship to a select group of foreigners, the first Gulf Arab nation to formalize a process aimed at giving expatriates a bigger stake in the economy. The …
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UAE banking sector: Analysts warn of profitability pressures; liquidity to remain strong
The lifting of forbearance measures by the UAE Central Bank could reveal the true state of banking sector’s asset quality …
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Dubai says local companies must IPO locally before seeking listings abroad
Dubai ordered local companies to sell shares in local stock markets before seeking listings in other emirates or abroad, a decree from Dubai’s ruler showed on Saturday.
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UAE to Open Citizenship to Select Foreigners to Boost Growth
The United Arab Emirates plans to offer citizenship to a select group of foreigners, the first Gulf Arab nation to formalize a process aimed at giving expatriates a bigger stake in the economy. The …
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UAE adopts amendments to grant citizenship to investors and other professionals
The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other professionals including scientists, doctors and their families, the …
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