ABU DHABI – The Central Bank of the UAE (CBUAE) has announced that the total profits of the country’s insurance sector amounted to AED2.5 billion in 2023, compared to AED1.96 billion in 2022. This …
UAE stock markets close Wednesday down
The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session lower by 37 points (0.82%) at 4,440.27 points. A total of 193.32 million shares were exchanged at AED 449.80 million.
National Bank of Fujairah leads discussions on how rising interest rates are reshaping commodity trading
With numerous delegates from the UAE and across the MENA region attending the conference, Bilal Hasan Ashraf, Head of Energy & Marine and Government & Large Corporate Fujairah at NBF, hosted a session …
UAE residents each spend Dh7,600 a year on healthcare, reveals study
The study showed how 8 out of 10 residents reported receiving a ‘very caring experience’ from the country’s healthcare system …
UAE residents each spend Dh7,600 a year on healthcare, reveals study
The study showed how 8 out of 10 residents reported receiving a ‘very caring experience’ from the country’s healthcare system …
UAE’s Firoza Finance announces launch of $2mn pilot programme for world’s first real-world Mudarabah smart contract
Image: Shutterstock UAE-based Firoza Finance, a joint venture between Liberty Finance and HAQQ Network, announced the launch of its pilot programme, introducing what the company said is the world’s …
UAE insurance sector profits hit $681m in 2023: Central Bank
Total profits of the UAE insurance sector amounted to AED2.5bn ($681m) in 2023, compared to AED1.96bn ($534m) in 2022, according to Central Bank data. This increase was mainly driven by increase in …
UAE: Central Bank bans insurance provider from issuing new policies due to violations
The c (CBUAE) on Wednesday said it had prohibited a Takaful insurer from issuing or concluding new motor and health insurance contracts for violating the laws. The ban includes renewals as well, …
Ajman Bank included in FTSE Global Equity Index Series
This milestone underscores Ajman Bank’s growing presence in the global financial markets and provides enhanced visibility for investors worldwide …
Future of Automotive Mobility 2024: UAE Leads the Charge in Embracing Digital Car Purchases and Alternative Drivetrains
Arthur D. Little (ADL) has released the fourth edition of its influential Future of Automotive Mobility (FOAM) report, presenting a detailed analysis of current and future trends in the automotive …
UAE participates in meetings of Council of Arab Central Banks, Monetary Authorities’ Governors
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), participated in the 48th regular session of the Council of Arab Central Banks and Monetary Authorities’ Gov …
Carlyle-Backed StandardAero Nears Pricing IPO Above Range
StandardAero Inc. and some of the aircraft maintenance services provider’s investors raised $1.44 billion in an initial public offering, as companies seize the listings window before the US …
Ripple receives in-principle approval from the Dubai Financial Services Authority
DFSA approval unlocks Ripple’s end-to-end payment services in the UAE, boosting its operations in the Middle East …
UAE holds sixth strategic financial dialogue with Switzerland
Event provides strategic platform for bilateral cooperation and exploring new avenues to strengthen the partnership …
Ripple Secures In-Principle License from Dubai Financial Services Authority
Ripple has received in-principle financial services license approval from the Dubai Financial Services Authority (DFSA).
UAE stock markets close Tuesday in red zone
The main index of Dubai Financial Market (DFM) lost 25.21 points (0.58%) on Tuesday and ended the trading session at 4,477.27 points. A total of 139.72 million shares were exchanged at AED 296.46 …
Ripple Gains In-Principle Approval To Expand Payments Network to UAE
Ripple has won in-principle approval to expand its cross-border payments solution in the UAE. UAE is an integral part of Ripple’s Middle East expansion. Ripple …