Downtown Dubai, Jumeirah Village Circle, Dubai Marina, Jumeirah Lake Towers, and Jumeirah Beach Residence were the top areas for apartment mortgages. Dubai’s mortgage sector reached a 14-month peak in …
A Hedge Fund Eyes an Energy IPO
The largest shareholders are Sheffield Holdings, a Dubai-based real estate company, and the College Retirement Equities Fund. In addition, hedge fund giant The Baupost Group, headed by Seth Klarman, …
UAE approves manual to boost public and private sector partnerships; energy, health and education projects prioritised
The UAE Ministry of Finance announced the UAE Cabinet’s approval of the Public-Private Partnership Manual. The manual aims to develop a policy and procedural framework to enable federal government …
UAE approves manual to boost public and private sector partnerships; energy, health and education projects prioritised
The UAE Ministry of Finance announced the UAE Cabinet’s approval of the Public-Private Partnership Manual. The manual aims to develop a policy and procedural framework to enable federal government …
UAE: MoF issues Public-Private Partnership Manual, defines priority sectors for first phase
The manual aims to develop a policy and procedural framework to enable federal government entities to implement their developmental and strategic projects efficiently and effectively …
UAE central bank launches fintech sandbox including DLT and blockchain
The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an attractive environment for the financial …
Invest UAE: Corporate tax drives financial accountability in SME sector
The UAE government’s initiative to implement corporate tax is a … “We are providing training to our finance team to ensure they understand and apply these new regulations effectively. We are also …
UAE-based Fintech Comfi Secures $5 Million in Debt Facility
UAE-based fintech Comfi has secured a $5 million debt facility from an Abu Dhabi-based private family office.[1] Read More: UAE’s Fintech Maalexi Secures $3 Million in Pre-Series A This …
Japan’s Mitsui to build ammonia plant in UAE, starting production in 2027
to finance the development of the project, it said in a statement. Mitsui’s partners are TA’ZIZ, which is owned by ADNOC, Fertiglobe, and South Korea’s GS Energy. The plant, located in Al Ruwais in …
United Arab Emirates launches 10-year bond sale, document shows
Acting through the Ministry of Finance, UAE has set initial price guidance for the debt sale at about 90 basis points over U.S. Treasuries, the document said …
Reem Finance signs with Network International to accelerate digital transformation
Collaboration fosters innovation and growth in the UAE financial services sector …
CEOs Advisory Council of UAE Banks Federation reviews plans, initiatives
The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its second regular meeting of 2024 under the chairmanship of Abdulaziz …
Nuvei Secures Retail Services Category II License From UAE Central Bank
Canadian fintech company Nuvei Corp. (NVEI, NVEI.TO) announced Tuesday that it has secured an in-principle approval for a Retail …
UAE central bank adjusts inflation forecast for 2024
In Dubai, headline inflation moderated to 3.4 per cent in Q1 2024, below the global average, according to the Central bank of the UAE …
Dubai real estate: Major new player enters property market with massive AED2.6bn project pipeline
The developer has already acquired over 623,000 square feet of land in prime areas of Dubai as it ramps up its local pipeline. It said the strategic land bank will allow “swift adaptation to market …
UAE will need 150 new schools by 2030 – investors are ready to put up the funds
Why GEMS stake sale to Brookfield is such a big deal for UAE education sector Dubai, Cairo top Saudis’ destinations over school break UAE’s Gulf Islamic Investments sells Amity School complex for $50 …
Dubai drops out of top 10 most expensive cities for ultra wealthy
Dubai is no longer among the top 10 most expensive cities globally for the ultra wealthy, as its cost of living remains competitive compared to major global cities, a report has found. The city ranked …