The recent introduction of an optional savings retirement plan that allows employees in the UAE’s private and free zone sectors to invest their end-of-service benefits to build long-term wealth is the …
UAE, Saudi Arabia represent nearly 30% of the financial wealth in the Middle East and Africa
Buoyed by equities and investment funds, which made up the largest asset class at 58% of total personal wealth in 2022, the UAE represented 13.2% of the region’s financial wealth last year, growing at …
UAE envoy: De facto West Bank annexation unfolding, but our ability to stop it wanes
Israeli commitment not to enact its sovereignty over settlements in exchange for normalization with Abu Dhabi only extends until 2024, Yousef al-Otaiba says …
Desmarais’ Sagard Joins Middle East Rush With Abu Dhabi Office
Alternative asset manager Sagard Holdings is opening an office in the United Arab Emirates’ capital of Abu Dhabi, the latest international investment firm to set up in the oil-rich Gulf.
Financial Regulatory Landscape In The United Arab Emirates.
As Reglex expands our Enforcement Database offering to include the Abu Dhabi Global Market (ADGM), we invite you to explore the United Arab Emirates (UAE), a federation of seven vibrant emirates that …
Finance: UAE govt, firms interested in PH
GOVERNMENT officials and investors in the United Arab Emirates (UAE) have expressed interest in partnerships and projects with the Philippines, the Finance department said on Wednesday. During a …
UAE banks’ investments grow 18.8% to Dhs580 billion in July
Investments of banks operating in the UAE reached Dhs580 billion at the end of July 2023, the highest level in history, according to the latest statistics of the UAE Central Bank.
UAE, OECD host regional forum on global minimum tax
The forum was inaugurated by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs …
UAE bank investments hit record high of $158bn
Investments of banks operating in the UAE reached AED580bn ($158bn) at the end of July 2023 according to the latest statistics of the Central Bank. The figure is the highest level in history and is 18 …
UAE Banks’ investments grow 18.8% in July to $157.9bln
The data showed that investments of banks operating in the country increased by 18.8 percent on an annual basis …
Emirates Development bank showcases AgriTech financing solutions
Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, is displaying its innovative financing solutions and bespoke AgriTech …
Bank for International Settlements Calls for AI Solutions in ‘COP28 UAE TechSprint
The Bank for International Settlements (BIS) has embarked on an ambitious journey to combat climate change and advance sustainable finance through the “COP28 UAE TechSprint” initiative. This global …
Arzan Wealth advises on new amortizing mezzanine finance transaction
Arzan Wealth advised on the structuring of the mezzanine instrument and the due diligence of the underlying collateral assets and will continue its advisory role during the holding period of this …
Philippines seeks to boost investments from the UAE amid economic reforms
The Philippines is looking to increase investment from the UAE and the wider Middle East as it implements a series of reforms and rolls out incentives to boost infrastructure development and its …
UAE’s Financial Wealth To Reach $1.3 Trillion By 2027, Says Report
The Boston Consulting Group (BCG) has released a report that projects the UAE’s financial wealth to grow by 5.5% annually from 2022 to 2027. This growth would see the nation’s wealth increase from $1 …
BSP woos UAE investors to enter PHL Islamic finance sector
THE PHILIPPINES is an attractive investment destination for Islamic banking and finance, with an underserved market to tap into, an official from the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
I scooped £1.8m lottery prize – but my life spiralled after I splashed out on a trip to Dubai – it was the darkest time
A WOMAN who scooped a £1.8m lottery prize says her life spiralled after she splashed out on a trip to Dubai. What should have been an exciting and positive time for Lara Griffiths, 53, and her now …