The office sector in Dubai’s real estate market is experiencing a significant uptick in pre-commitments for the first time as UAE has emerged as a preferred destination for corporates to expand their …
Bank Muscat announces $291.44 million in profit in the first half of 2024
Dubai: Bank Muscat, Oman’s leading financial institution, announces its preliminary unaudited results for the first half of 2024, revealing a net profit of $291 million (Dh1 billion), compared to the …
UAE: Ministry of Finance introduces federal entities to Public-Private Partnership Manual for Projects, Execution
The Ministry of Finance (MoF) has organised a workshop to launch the Public-Private Partnership (PPP) Manual for Projects and Execution, at the Waldorf Astoria Hotel in Dubai International Financial …
UAE signs $817m currency swap agreement with Ethiopia
The UAE Central Bank has partnered with the National Bank of Ethiopia to establish a bilateral currency swap agreement, aimed at enhancing financial and commercial co-operation between the two …
UAE, Ethiopia sign currency swap agreement with value of up to $817 million
DUBAI, July 16 (Reuters) – The central banks of the United Arab Emirates (UAE) and Ethiopia on Tuesday signed a bilateral currency swap agreement with a value of up to 3 billion dirhams ($816.79 …
Abu Dhabi National Hotels taps banks for catering unit’s IPO – Bloomberg
Abu Dhabi National Hotels (ADNH) has reportedly tapped banks for a planned initial public offering (IPO) of its catering unit amidst a flurry of share sales in the UAE capital.
Multibagger SME IPO: IT company’s shares up 150% from IPO price; do you own?
Quicktouch Technologies is an information technology company. Its IPO was launched in April 2023. The counter has more than doubled investors money from the IPO price. On Tuesday, it zoomed 10 per …
Hedge Fund Segantii Has Returned More Than 90% of Client Money
Segantii Capital Management Ltd. has returned more than 90% of its client capital, according to people familiar with the matter, less than two months after the hedge-fund firm told investors that it …
Central Bank of UAE’s gold holdings, balance sheet reach over USD5.54B
The UAE Central bank reported a substantial increase of approximately 12 percent in its gold holdings over a span of four months, reaching over 20 billion dirhams (approximately USD5.45 billion) by …
Dubai Islamic Bank makes dreams come true: Four lucky winners take home one year’s salary
Dubai, UAE – In a heartwarming conclusion to its ‘XTRA Salary Transfer Campaign’, Dubai Islamic Bank (DIB) has helped uplift the lives of four of its customers by awarding them each a year’s salary, …
UAE banking sector transfers exceed AED6 trillion Jan-Apr 2024
The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) hit around AED6.12 trillion in the first four months of 2024, according to the latest …
Islamic Banks account for 21% of gross domestic credit: Central Bank
Gross credit increased by 1.1% in the first four months of 2024 to Dh433.7 billion Central Bank of the UAE in Abu Dhabi Image Credit: WAM Abu Dhabi: Gross credit provided by Islamic banks in the UAE …
Islamic Banks account for 21% of gross domestic credit: Central Bank
Gross credit increased by 1.1% in the first four months of 2024 to Dh433.7 billion Central Bank of the UAE in Abu Dhabi Image Credit: WAM Abu Dhabi: Gross credit provided by Islamic banks in the UAE …
Gold prices in Dubai rise further in early trade
In the UAE, the 24K variant of the yellow metal jumped by Dh1.25 per … Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said investors suggest that inflation is on the right path to justify a …
Dubai real estate: 5 new ways to invest in property, from low-deposit mortgages and co-ownership to REIT and the $136 portfolio
An innovative new Dubai shared real estate ownership platform is giving investors the chance to own 1/8 of a luxury property in the city from as little as $54,000. Shard is set to transform the UAE’s …
Banks in Abu Dhabi pump AED 45.8 bn in financial facilities in first four months
Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 per cent or AED 45.8 billion to AED 961.9 billion from AED 915.9 billion at the end of …
UAE stock markets close Monday in green zone
UAE – The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 10.62 points (0.25%) on Monday, closing the session at 4,114.55 points. A total of 185.20 million shares were exchanged at a …