Pakistan has planned to borrow a minimum of USD 23 billion in the next fiscal year, including the rollover of a bilateral debt of USD 12 billion, to finance its development plans and meet its external …
Navigating the shifting tides in commercial banking in 2024
As we stride into 2024, the UAE banking sector is accelerating digital transformation through unified, user-friendly banking services. The challenges of the past have paved the way for a more …
UAE, Saudi leaders expected at Italy’s G7 summit as Meloni boosts Gulf ties
Late last month, Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan attended … the official Saudi Press Agency reported. Italy-United Arab Emirates trade ties are similarly on the rise. The UAE …
UAE holds rates following Fed decision
The UAE Central Bank on Wednesday decided to maintain the base rate applicable to the overnight deposit facility at 5.40 per cent.The UAE’s decision follows that of the US Federal Reserve, which on …
UAE Central Bank Holds Rates Following Fed Decision
The UAE’s decision follows that of the US federal Reserve, which on Wednesday decided to leave interest rates unchanged. The UAE follows US monetary policy as the dirham is pegged to the dollar.
CBUAE issues March 2024 monetary and banking summary report
The Central Bank of the UAE announced that the money supply aggregate M1 increased by 3.7%, from AED847.0 billion at the end of February 2024 to AED878.1 billion at the end of March 2024. This was due …
Dubai Duty Free names South Korean and Indian as latest $1m prize draw winners, reveals ticket buyer wins luxury car prize for second time
Dubai Duty Free names prize winners, including millionaires and a lucky ticket-buyer winning a car for a second time …
Dubai International Financial Centre Insurance Association Announces Partnership with ACORD
The Dubai International Financial Centre Insurance Association (DIFCIA), an industry association comprised of the whole insurance, reinsurance, and wealth management sectors within the DIFC and wider …
UAE EGA’s acquisition of Leichtmetall fully funded by green loan
EGA completed the acquisition of Leichtmetall in May. However, no financial details of the deal have been disclosed …
Dubai: Expat wins $1 million after 24 years of buying Duty Free raffle tickets
A 49-year-old Indian expat in Dubai has finally hit the jackpot after 27 years of buying Dubai Duty Free raffle …
UAE: Need a loan? How to check and improve your credit score
If so, taking a look at your credit score or getting your credit report would be ideal to understand how the bank could perceive you as a customer. If you have a higher credit score – your loan …
South Korean and Indian nationals win $1mln each in Dubai Duty Free Millennium Millionaire promotion
A South Korean national and an Indian national have been announced as the new dollar millionaires at the latest Dubai Duty Free Millennium Millionaire and Finest Surprise draw, held today at Concourse …
UAE: CEO of Invest Bank resigns
Abu Dhabi – Invest Bank’s CEO Ahmed Mohamed Fawzi Abu Eideh has resigned effective 11 June 2024. The bank’s board assigned the CEO role to a member of the senior management for an interim period, …
UAE committee meets to discuss draft general budget for 2025 fiscal year
The UAE General Budget Committee met on Tuesday to discuss the draft general budget of the Emirates for fiscal year 2025, Dubai Media Office said.It was the 11th meeting of the General Budget …
UAE committee meets to discuss draft general budget for 2025 fiscal year
The UAE General Budget Committee met on Tuesday to discuss the draft general budget of the Emirates for fiscal year 2025, Dubai Media Office said.It was the 11th meeting of the General Budget …
UAE: Abu Dhabi Department of Finance hosts 2025 Budget Cycle event
The Department of Finance – Abu Dhabi organised the 2025 Budget Cycle event, expanding on its crucial position in creating an innovative financial ecosystem that fosters economic stability and …
UAE: Gold prices dip slightly after gaining over Dh2 per gram this week so far
According to Dubai Jewellery Group data … “Conversely,” Weston said, “with People’s Bank of China easing back on further increasing its allocation of gold within its reserves, markets becoming more …