Fourteen Emirates NBD branches across the UAE and Saudi Arabia have received the prestigious LEED certification during 2024 taking the total number of certified branches to 27 …
IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO
As illustrated in the Regional Outlook for Banking and Capital Markets 2024 report, regional IPO growth is expected to come in three phases. Firstly, through the continued privatisation of …
‘Learn to invest early’: UAE-based Russian expat on her most profitable financial decision
Daria Krasnogor is the CEO of a real estate firm as well as founder of a personal branding company. The 32-year-old Russian expat calls herself a serial en..
Brookfield eyes $5 bln for UAE-backed climate fund
Brookfield Asset Management is looking to raise $5 billion for a fund backed by the United Arab Emirates (UAE) that aims to scale up climate finance in emerging markets, the Canadian company said on …
IPO boom highlights Dubai’s position as capital market hub says DIFC boss
“Dubai’s IPO boom underscores the city’s status as a thriving … advisory services for IPOs will continue to contribute to the dynamic evolution of global finance.” …
UAE’s businesses expect rise in sales during Eid holidays
Businesses see big surge in the sale as residents go out for shopping and entertainment activities to celebrate the occasion during the long-weekend.
CBUAE in 2023 remained dedicated to safeguarding UAE’s financial and monetary stability, protecting integrity of its financial system: Mansour bin Zayed
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE), has said in line …
CBUAE in 2023 remained dedicated to safeguarding UAE’s financial and monetary stability, protecting integrity of its financial system: Mansour bin Zayed
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE), has said in line …
UAE economy grew 3.6 per cent last year, exceeding previous estimate
The UAE economy’s growth in 2023 was stronger than the most recent estimate, driven by non-oil sector growth. The Arab world’s second-largest economy expanded by 3.6 per cent last year, compared to …
UAE consumers to face higher rates for longer
With the UAE following the US Federal Reserve’s decision to hold key rates, consumers in the country are unlikely to get any relief soon with rates continu..
UAE economic growth projected at 3.9% this year
The UAE’s real overall output growth rebounding to 3.9 per cent, primarily on the back of a recovery across diverse sectors of the economy, the Central Ban..
DIFC boss predicts UAE and Saudi IPO boom in 2024
The CEO of Dubai International Financial Centre (DIFC), Arif Amiri, has anticipated a major economic boost in 2024, supported by several upcoming government Initial Public Offerings (IPOs) both in the …
Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024
The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).The …
Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024
The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).The …
UAE Central Bank upholds base interest rate after US Federal Reserve decision
On Wednesday, the Central bank of the United Arab Emirates (UAE) announced its decision to keep the “base rate” on overnight deposit facilities steady at 5.40 percent. This decision mirrors the recent …
Dubai-based payments firm Fuse secures DIFC license to boost regional payment operations
Fuse’s DIFC licence is regulated by the Dubai Financial Services Authority (DFSA) Dubai-based payments firm Fuse Financial Technologies (Fuse) announced securing the Dubai International Financial …
UAE: Why Indian expats should get life insurance as soon as they arrive in Emirates
The demand for life insurance among non-resident Indians (NRIs) in the UAE is rising, fuelled by affordable premiums, good returns, promising economic growth opportunities, and the increasing number …