FAB is one of the most prominent financial institutions in the UAE, recognised for its commitment to providing outstanding customer service. As the preeminent bank in the country, FAB provides a …
New IPOs add $5.8bln to UAE’s stock market capitalisation
The IPO garnered strong demand, exceeding the target subscription value by 39 times, even after increasing the individual investor allocation from 8 to 10%. Meanwhile, Parkin, Dubai’s exclusive …
UAE banks’ savings deposits in Q1 surges 5% to $78bln
The apex bank’s statistics showed that savings deposits in the banking sector reached AED286.67 billion at the end of March …
Byju’s Hedge Fund Ally Can Avoid Arrest If He Answers Questions
Byju’s Hedge Fund Ally Can Avoid Arrest If He Answers Questions Money manager has 10 days to return from Dubai or face arrest Bankruptcy judge seeks to find lenders’ missing $533 million …
AED13.8 billion in new savings deposits in banking sector during Q1-24
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about AED13.8 billion during the first quarter of this year, according to the latest statistics from the Central …
UAE banks reach $78.06bn in savings deposits
Central Bank of the UAE (CBUAE) has said that customers deposited AED13.8 billion ($3.76 billion) into savings deposits during the first quarter of this year.
My Dubai Salary: ‘I earn up to Dh30,000 a month from investments and side hustles’
Wali Khan, a 44-year-old Pakistani who lives in Sharjah’s Al Taawun area, works as a telecom engineer and dabbles in content creation as a side hustle. He started making videos on personal finance on …
Revealed: Fintechs turning barber shops, eateries, supermarkets as monetary transaction points to drive UAE mobile money market
A new set of fintechs such as Whimso, licenced by the UAE central bank, are re-defining the financial sector by offering accessible, secure, and easy-to-use mobile money solutions to not only serve th …
Brookfield-Led Group Buys Into Dubai School Operator GEMS
(Bloomberg) — A consortium led by Brookfield Asset Management Ltd. is investing in GEMS Education, a Dubai-based family business founded … World’s Most Expensive Cities for Expats in 2024 Hedge …
New IPOs add $5.8bn to UAE’s stock market capitalisation
The local stock markets attracted a new market capitalisation of nearly AED21.3 billion ($5.8 billion), thanks to three new initial public offerings (IPOs) witnessed since the beginning of this year, …
Three new IPOs added Dhs21.3b to UAE’s markets’ capitalisation in ’24
The local stock markets attracted a new market capitalisation of nearly Dhs21.3 billion, thanks to three new initial public offerings witnessed since the beginning of this year, …
UAE tech startup fund shortlists Bengaluru for future investments
UAE-based, Global Millennial Capital (GMCL), which invests in … Artificial intelligence, deeptech, blockchain technology and digital ledgers, decentralized finance and cloud computing are some of …
Three new IPOs add Dh21.3 billion to UAE’s stock market capitalisation this year
The UAE stock markets attracted a new market capitalisation of nearly Dh21.3 billion since the beginning of this year, thanks to three new initial public o..
UAE: New loan scammers, fake WhatsApp job offers dupe residents out of up to Dh500,000
Online scammers have become busier nowadays, as new forms of scamming emerge. One latest fraud is called ‘loan scam’, where a dubious lending company would ask victims to first deposit money as a …
Expo City Dubai awards contracts for Mangrove Residences
Expo City Dubai has awarded four contracts for construction works on Mangrove Residences, a development project with apartments and townhouses in the United Arab Emirates (UAE). The contracts have …
Can I take benefit of India-UAE DTAA?
If you qualify as a tax resident of the foreign country, upon application, the tax authority of that nation would usually issue a TRC quoting the respective DTAA …
Three new IPOs added AED21.3 billion to UAE’s stock market capitalisation in 2024
The local stock markets attracted a new market capitalisation of nearly AED21.3 billion, thanks to three new initial public offerings witnessed since the beginning of this year, in line with market …