“The weakening in economic activity was already being seen in a number of proxy indicators,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “Looking forward to 2019, we believe that …
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Board of Directors of UAE Banks Federation approves priorities and strategic plan for the year ahead
Despite regional and global volatility and uncertainty, UAE’s GDP is projected to grow at 3.5% this year, while the local banking sector, marking sufficient liquidity and capital adequacy of ~18%, is …
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Dubai’s Long-Awaited Stats Show Economic Growth Slowed Below 2%
“The weakening in economic activity was already being seen in a number of proxy indicators,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “Looking forward to 2019, we believe that …
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Dubai digital bank Liv launches AI-powered chatbot Olivia
Liv., the lifestyle digital bank by Emirates NBD and the fastest growing bank in the UAE, has partnered with US-based Kasisto, to introduce Olivia, an artificial intelligence-powered chatbot. With the …
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Dubai developer secures $40.8 m funding for new Dubai Downtown hotel’s fit-out
Ultra-luxury developer Omniyat has announced that it has secured a financing of AED150 million ($40.8 million) from Mashreq Bank for the fit-out of a hotel in The Opus by Zaha Hadid in Downtown Dubai, …
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Mastercard to invest $300m in Network International’s planned London IPO
UAE-based payments solutions company Network International and Mastercard have signed an agreement for the US financial services firm to make a $300 million cornerstone investment in Network …
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Manrre REIT’s message to Dubai property doubters, “we’re buying”
Wise words from legendary investor Warren Buffet, giving inspiration to Dalma Capital CEO Zachary Cefaratti in a contrarian strategy to back a Dubai commercial property fund and “buy the dip”. “Dalma …
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UAE- New structure for DFM post-trade services
(MENAFN – Khaleej Times) Dubai Financial Market Company, which is marking its 19th anniversary, announced on Tuesday its new organisational structure for post-trade services in line with …
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UAE residents can now check a financial adviser’s credentials on new comparison site
The Middle East’s first financial advisory aggregator site, which aims to protect consumers from cold calling advisers and scammers, went live on Wednesday. The site whichfinancialadviser.com (WFA), …
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Daybreak: U.K. Tries to Break the Brexit Deadlock. (Podcast)
In today’s Dubai Daybreak podcast, we cover the biggest stories that happened overnight. The U.K. Parliament will try to break the Brexit deadlock with votes on alternatives to Theresa May’s deal. A …
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Dubai developer secures $40m financing for new hotel fit-out
The Opus by Zaha Hadid in Downtown Dubai. Ultra-luxury developer Omniyat has announced that it has secured a financing of AED150 million ($40.8 million) from Mashreq Bank for the fit-out of a hotel in …
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Dubai bank provides $41m for Meliá hotel within Zaha Hadid’s The Opus
Dubai real estate developer Omniyat has secured funding worth $40.8m (AED150m) from the UAE’s oldest privately-owned bank, Mashreq, to implement fit-out works for a hotel within the Zaha …
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Nasdaq Dubai welcomes $750mln bond listing by Emirates Development Bank
DUBAI – The newly appointed Chief Executive Officer of Emirates Development Bank, EDB, Faisal Aqil Al Bastaki, rang the market-opening bell today to celebrate the listing of a US$750 million …
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Uzbekistan, UAE agree to enhance trade-economic, investment cooperation
President of Uzbekistan said that the United Arab Emirates has created a miracle in the desert within a historically short period of time – fifty years – to become one of the global centers of economy …
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Dubai to allow small increase in school fees after freeze last year hit GEMS IPO
DUBAI, March 26 (Reuters) – Dubai will allow a modest increase in school fees for the majority of students in the 2019-2020 academic year, the government said, after last year’s freeze triggered a …
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Mastercard to invest 300 million pounds in Network International IPO
Dubai-based Network International is the largest payments processor in the Middle East and Africa and set to be the first international IPO in London this year. Network International is targeting …
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Mastercard to invest $300 million in Network International IPO
Dubai-based Network International is the largest payments processor in the Middle East and Africa and set to be the first international IPO in London this year. Network International is targeting …
( read original story …)