From school costs, housing, and insurance, there’s a lot of factors to consider, experts told Arabian Business …
UAE’s FasterCapital launches global funding programme for EV startups
UAE-based FasterCapital unveiled a new initiative on supporting and funding electric vehicle (EV) startups worldwide. The initiative, part of FasterCapital’s Raise Capital programme, aims to empower …
Lulu Retail Boosts IPO Size to 30% Amid High Investor Demand
Dubai Lulu Retail Holdings, the prominent Middle Eastern retail chain, expanded its IPO on the Abu Dhabi Securities Exchange (ADX) from 25% to 30% due to substantial investor interest. This adjustment …
Dubai Financial Services Authority slaps $100,000 fine on firm for unauthorised and misleading financial promotions
The Dubai Financial Services Authority (DFSA) published on Tuesday a Decision Notice against Vedas International Marketing Management (Vedas Marketing) for unauthorised and deceptive financial …
UAE jobs: Salaries to see ‘decent increase’ in these roles in 2025
Apart from pay, other priorities for employees here are work-life balance, flexible work arrangements, living allowances and commute time …
UAE’s debt capital markets demonstrated robust growth with a 13.1% YoY increase: Fitch Ratings
DUBAI: Bashar Al Natoor, Managing Director & Global Head of Islamic Finance at Fitch Ratings, stated that the UAE’s debt capital markets (DCMs) have demonstrated robust growth with a 13.1 percent year …
GCC IPO Market Maintains Momentum Despite Q3 Decline, PwC Reports
Dubai The IPO market in the Gulf Cooperation Council (GCC) region is forecasted to maintain its growth trajectory into 2024, as demand for public offerings remains strong across sectors. Despite a …
Dubai Islamic Bank nine month 2024 group financial results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending September 30, 2024. Group Pre-Tax Profit registered AED 6,002 million up 23% YoY, …
Amlak Finance announces Q3 2024 financial results
Dubai, UAE: Amlak Finance PJSC today announced its Q3 2024 financial results for the period ended September 30, 2024. The company focused on prudently managing its operations and balance sheet.
UAE: Al Ramz Corporation’s net profits exceed $2.4mln in 9M-24
Al Ramz Corporation Investment and Development logged net profits valued at AED 9.20 million in the first nine months (9M) of 2024, compared with AED 21.62 million in 9M-23. Net finance income hit AED …
UAE banking sector hits all-time-high of Dhs502.6 billion in capital, reserves
National banks have the lion’s share accounting for 86.3% of the total capital and reserves, reaching Dhs433.7 billion by July 2024, reflecting a year-on-year growth of 10.4%.
UAE banking sector hits all-time-high of $136.94bln in capital, reserves
According to the latest data released by the Central Bank of the UAE, the sector’s capital and reserves witnessed a substantial year-on-year growth of 10.5% …
Dubai watchdog DFSA slaps $100,000 fine on marketing firm for misleading financial promotions in DIFC
The Dubai Financial Services Authority (DFSA) has issued a Decision Notice against Vedas International Marketing Management for conducting unauthorised financial promotions and making misleading …
ADIB becomes first UAE bank to safely test fractional Sukuks offering to retail investors
Currently, accessing the Sukuk market requires a minimum investment of US$200,000. However, with fractional Sukuks and as per the initial approval given to ADIB, retail investors will be able to …
UAE’s new all-in-one financial app ‘Whizmo’ to transform daily transactions for individuals and businesses
The app is designed to lessen financial stress by offering users complete ownership, removing transactional friction, and making daily financial tasks simpler. UAE: Whizpay Technology LLC, a leading …
UAE Banking Federation’s Jamal Saleh on the potential of digital lending
In this interview with Gulf Business, UAE Banks Federation‘s (UBF) director general Jamal Saleh highlights the significant strides made by the UAE banking sector in embracing digital solutions and the …
Dubai authority issues Dh367,000 fine to Vedas Marketing over ‘deceptive promotions’
The Dubai Financial Services Authority (DFSA … reinforcing the DIFC’s status as a premier hub for private banking and asset management in the region. The DIFC also now hosts 27 out of the 29 global …