Dubai: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to …
Dubai real estate investments start at just $136 as Stake joins Land Department initiative
Dubai real estate investors around the world can enter property ownership schemes as innovative platform Stake joins Land Department initiative …
UAE Ministry of Finance launches new transformational projects
These projects are unique in achieving a significant positive impact in all sectors within short periods of time …
UAE banks extend $22.2bn in loans to SMEs
The balance of loans from banks operating in the UAE to small and medium-sized enterprises reached AED81.7 billion by the end of the first quarter of 2024. Data from the Central Bank of the UAE shows …
UAE national banks pump AED15.6bn in credit to business, industrial sectors in Q1 2024
Conventional banks accounted for approximately AED694 billion of the credit financing provided to the trade and industry sectors by the end of March …
UAE Central Bank projects 3.9% GDP growth in 2024 amid digital transformation, says new report
As the CBUAE looks forward to the next 50 years, it aims to focus on innovation, sustainability, and maintaining monetary and financial stability to support the UAE’s competitiveness on the global sta …
Emirates NBD collaborates with Dubai Institute of Design and Innovation and announces winners for its ‘Project Design Space’ challenge
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, proudly announces the winners of its challenge in the 2024 Project Design Space (PDS).
UAE national banks’ credit facilities to businesses top $4.24bn in Q1
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE national banks’ credit facilities to businesses top $4.24bn in Q1
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE: Gold prices jump nearly Dh2 per gram in early trade
Gold prices continued their upward trend in UAE, rising by nearly Dh2 per gram at the opening of the markets on …
UAE national banks provided $4.25bln in credit facilities to business, industrial sectors in Q1-24
The apex bank’s figures showed that the two sectors saw a 2.1 percent rise in cumulative credit balance to AED757.4 billion by the end of March 2024 …
First Abu Dhabi Bank bolsters CLM operations with Fenergo
First Abu Dhabi Bank (FAB) the largest bank in the UAE, has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) …
UAE national banks provided AED15.6 billion in credit facilities to business, industrial sectors in Q1-24
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion in the first quarter of 2024, according to the latest figures released by the …
The largest bank in UAE, First Abu Dhabi Bank, bolsters CLM operations with Fenergo
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 …