The UAE General Budget Committee met on Wednesday to discuss the draft general budget of the Emirates for fiscal year 2024, Dubai Media Office said.It was the ninth meeting of the General Budget …
General Budget Committee’s ninth meeting discusses UAE’s draft general budget for 2024 fiscal year
In the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum …
UAE banking sector sees AED263 billion in savings deposits until March 2023
Savings Deposits in the banking sector in the UAE, excluding interbank deposits, exceeded AED263 billion at the end of March 2023, according to the latest statistics from the UAE Central Bank.The …
UAE: Residents can soon remit through mobile apps from multiple bank accounts
Exchange houses are looking forward to an internal payment system which will enable instant transfer of funds from several bank accounts through a single app …
UAE exchange houses to start accepting cryptos once regulations are out
Money exchange companies in the UAE will start accepting cryptocurrencies once the regulations are out by the UAE Central Bank, said Adeeb Ahamed, vice-cha..
UAE: Budget Committee discusses draft general budget for the 2024 fiscal year
The meeting was also attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Khalid Mohammed Salem Balama Al …
Al Ansari Exchange to open 15 new branches by the end of year
It increases the number of physical branches in the UAE to 246 branches and the company aims to reach 300 physical locations within the next five years Al Ansari Exchange to open 15 new branches by …
UAE banking sector sees $71.6bln in savings deposits until March 2023
Savings Deposits in the banking sector in the UAE, excluding interbank deposits, exceeded AED263 billion at the end of March 2023, according to the latest statistics from the UAE Central Bank.
Commercial Bank of Dubai raises $500mln in inaugural green bond issuance
CBD successfully raises $500 million through its inaugural green bond issuance, highlighting its commitment to sustainable finance …
The GPSSA announces the launch of its new pension platform “MA’ASHI” to UAE-based entities
Abu Dhabi – As part of its digital transformation implementation plan, the General Pension and Social Security Authority (GPSSA) will soon launch a new pension platform known as “MA’ASHI” for …
UAE holds talks with Russia on double taxation avoidance deal
The UAE’s negotiations team was headed by Younis Al Khoori, undersecretary of the Ministry of Finance, along with representatives from the Abu Dhabi Investment Authority and Mubadala Investment …
UAE companies claim four spots among top ten listed firms in the Middle East
The other UAE companies in the top ten are First Abu Dhabi Bank, Emirates NBD and Taqa at eighth, ninth and tenth spots respectively.
Qatar, Dubai bourses rise on Fed rate pause optimism; Saudi retreats
Stock markets in Dubai and Qatar ended higher on Tuesday ahead of a widely expected interest rate pause by the U.S. Federal Reserve although other major markets were subdued amid volatile oil prices.
UAE firms outperform GCC peers with over 50% jump in Q1 profit
Net profits for Dubai-listed companies jumped 51.2 per cent to reach $4.8 billion in the first quarter of 2023 compared to $3.2 billion in the same 2022 period …
Top Areas for Real Estate Investment in Dubai: From Desert to Dreamland
Dubai, a city known for its innovation, grandeur, and economic prosperity, offers a plethora of investment opportunities in the real estate sector.
Ellington breaks ground on $194m JLT residential project
UAE-based boutique developer Ellington Properties has partnered with Dubai Multi Commodities Centre (DMCC) to break ground on its Upper House, a new multi-family residential project located within …
UAE gold forecasted to grow by 3.6% annually through 2030
The UAE’s precious metals market is expected to reach a value of AED 13.21 billion by the end of the decade …