The UAE’s top five banks – First Abu Dhabi Bank (FAB), Emirates NBD, Dubai Islamic Bank (DIB), Abu Dhabi Commercial Bank (ADCB) and Mashreq Bank – posted a combined annual net profit of $11 …
UAE set to be a leader in digital finance with CBDC
Launching a CBDC would build on this momentum and position the UAE as a leader in digital finance. Overall, the UAE’s CBDC is an essential step towards the country’s digital economy transformation …
UAE will continue to serve as a hub for exceptional talents, says Sheikh Mohammed
Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; Sheikh Ahmed Bin Mohammed Bin Rashid Al Maktoum, Chairman of the Dubai Media Council; and Sheikh Mohammed Bin Rashid Bin Mohammed …
Just moved to the UAE? Here’s how you can get a loan more easily with a Foreign Credit Report
Having trouble accessing banking services? Import past credit history for free. The Foreign Credit Report allows new expats to share their past credit history from their home country with UAE banks.
Dubai Islamic Bank inaugurates its State of the Art Branch in EMAAR Karachi
Dubai Islamic Bank inaugurates its state of the art branch in EMAAR Karachi to facilitate the residents of EMAAR for their banking needs in a Shariah Compliant manner. H.E. Bakheet Ateeq AL-Romaithi …
Dubai or London? Which city is more expensive for the expats – Find out
It’s a story similar to dozens of others in Facebook groups, cafes and workplaces, and reflects Dubai’s latest incarnation: an enduring land of opportunity, though with a barrier to entry that just …
UAE, other SWFs deploy Dh114 billion in March
The UAE’s sovereign funds —Abu Dhabi Investment Authority … Last month, Abu Dhabi’s Supreme Council for Financial and Economic Affairs issued resolutions reconstituting the board of directors of …
Abu Dhabi Islamic Bank publishes its 2nd Annual ESG Report
The report also highlights a new three-year ESG strategy to integrate ESG risks considerations into the banking framework and support the UAE’s efforts to achieve the transition towards a more …
Dubai records over $735mln in realty transactions on Tuesday
DUBAI: Dubai real estate market recorded 551 sales transactions worth AED1.78 billion, in addition to 91 mortgage deals of AED901.27 million, and 24 gift deals amounting to AED43.12 million on Tuesday …
Dubai records over AED2.7 bn in realty transactions Tuesday
Dubai real estate market recorded 551 sales transactions worth AED1.78 billion, in addition to 91 mortgage deals of AED901.27 million, and 24 gift deals amounting to AED43.12 million on Tuesday, data …
Dubai logs over AED2.7bn in realty transactions Tuesday
Dubai real estate market recorded 551 sales transactions worth AED1.78 billion on Tuesday, in addition to 91 mortgage deals of AED901.27 million, and 24 gift deals amounting to AED43.12 million, data …
DIFC: Dubai lures finance giants to $8tn wealth market
Rothschild, Nomura, EnTrust set up at Dubai International Financial Centre in wealth management boom DIFC: Dubai lures finance giants to $8tn wealth market Asset Management, asset managers, DIFC, …
Central Bank of UAE (CBUAE) Selects R3, G42 Cloud and Clifford Chance to Assist in Implementing its CBDC Strategy
The Central Bank of the UAE (CBUAE) has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance. For Phase 1, R3 and G42 Cloud …
Wealth and asset management companies in the Dubai International Financial Centre exceed 300 companies
Dubai International Financial Centre (DIFC) has welcomed several prominent wealth and asset management (WAM) firms, bringing the total number of WAM companies in the centre to over 300. This milestone …
UAE central bank selects partners for phase one of digital currency programme
The UAE Central Bank (CBUAE) has launched its digital currency implementation strategy, which forms one of the key initiatives in its programme to digitise the country’s finance sector. In February, …
Hedge Fund Trader Sanjay Shah Loses Cum-Ex Extradition Fight
Sanjay Shah, a hedge-fund trader accused of masterminding a $1.9 billion tax fraud, is set to be extradited from Dubai to Denmark to face criminal charges after losing a long battle to stay in the …
Dubai Financial Services Authority and Brunei Darussalam Central Bank sign MoU
Dubai, UAE: The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with Brunei Darussalam Central Bank to boost information exchange and cooperation between the …