Today saw the conclusion of the UAE-Korea Business and Investment Forum, held in Seoul, Korea, on the sidelines of the official visit of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan …
UAE and Korea look to boost $5.3bn trade ties
The UAE and Korea are looking to boost $5.3bn trade ties, following a state visit and a string of high-profile investments.
Industry leaders hope to chart a better future at KT’s New Age Finance and Accounting Summit
Close to 200 businessman committed to advancing cutting-edge financial game plans, industry trends and contemporary data governance will convene in Dubai on Wednesday to brainstorm and share knowledge …
Top 10 UAE banks’ profitability jumps 9.3% to Dh20.8b in Q1
T he UAE banking sector profitability jumped 9.3 per cent quarter-on-quarter to Dh20.8 billion in the first quarter on the back of “plummeting impairment charges” and surging operating income.
Emirates Development Bank unveils Dh362 million financing deals
The financing deals align with EDB’s mandate to enable Operation 300 billion and the advancement of local manufacturing capabilities. Under the UAE Industrial Development Strategy, the bank has …
UAE’s Huspy Closes New Investment Round
UAE-based proptech and digital brokerage startup Huspy has concluded a new round of funding that was led by Balderton Capital, with additional participation from existing investor Fifth Wall and other …
Alef Education targets $2.5bn valuation in UAE’s first edtech IPO
The company set an indicative price range of AED1.30 to AED1.35 per share for its initial public offering, according to a statement on Tuesday. At the top end, Alef would have a market capitalisation …
MultiBank Group Receives “Best Global Forex Broker” Award at Forex Traders Summit Dubai 2024
DUBAI, United Arab Emirates — MultiBank Group … This achievement solidifies MultiBank Group’s position as a trailblazer in the global financial markets. We apologize, but this video has failed to …
UAE launches Easy Payment Initiative: What customers need to know
The ministry has partnered with the following banks: Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Commercial Bank of Dubai, Ajman Bank, Emirates Islamic Bank, Emirates NBD, Sharjah Islamic Bank, …
Dubai billionaire migration: Footballers, rappers, royalty flocking to UAE trigger new breed of luxury services as ‘fashion sourcers’ enter market
Due to its strong economy, business opportunities, and tax benefits, the UAE continues to attract HNWIs across the world. Image: Shuterstock As more of the world’s wealthy flock to Dubai, a new breed …
UAE banks see strong start to 2024: credit outlay and deposits increase
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Dubai tragedy as mum sees husband’s fatal accident as she holds their baby
The couple moved to Dubai for a better life but Charlotte watched Ali die in front of her in a jet ski accident …
UAE President arrives in Republic of Korea on state visit
This visit follows an invitation from His Excellency Yoon Suk Yeol, President of the Republic of Korea. As His Highness the President’s aircraft entered Korean airspace, it was escorted by military …
MoIAT partners with Emirates Development Bank to launch AED 370 million of financing for AI
The Ministry of Industry and Advanced Technology (MoIAT) has announced a partnership with Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement …
Nakheel awards infrastructure contracts for Palm Jebel Ali, UAE
Dubai-based Nakheel, a Dubai Holding member, has awarded infrastructure contracts for the next phase of development at Palm Jebel Ali in UAE. Spanning 13.4km of land and encompassing 10.5 million m 2 …
Mideast Stocks: Qatar index hits 7-month low as most Gulf bourses slip; Dubai gains
Dubai’s benchmark index bounced back after three straight sessions of losses to end 0.4% higher, supported by gains in consumer staples, communications and finance. Dubai Islamic Bank advanced 3.1% …
Dubai’s RTA completes road upgrades in Al Qusais Industrial areas
Dubai’s Roads and Transport Authority (RTA) has announced the completion of road and lighting improvements in the Al Qusais Industrial areas 1, 2, 3, 4, and 5 in …