UAE investment and finance experts advise on investment strategies for 2024, emphasising diversification across sectors and regions amid economic shifts and global events …
UAE: $3.76bln in new savings deposits in banking sector during Q1-24
ABU DHABI – Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about AED13.8 billion during the first quarter of this year, according to the latest statistics from …
UAE, Azerbaijan explore strategic partnerships to promote bilateral ties
The governments of the United Arab Emirates and the Republic of Azerbaijan have concluded the Ministerial Experience Exchange Forum, …
Savings deposits in UAE’s banking sector attract Dhs13.8 billion in Q1
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about Dhs13.8 billion during the first quarter of this year, …
Dubai real estate sector recorded $5.4bn of transactions last week
The Dubai real estate sector recorded more than AED19.71bn ($5.36bn) of transactions last week, according to data from the Land Department. It is an increase of around $550m on the AED17.5bn ($4.8bn) …
UAE’s banking sector liquid assets stand at Dhs786.6b
The liquid assets in the UAE banking sector stood at Dhs786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2%, or Dhs172.8 billion …
Emirates.Estate Explores Worth Investment Option for Dubai Real Estate in 2024
Over the past 3 years, Dubai’s real estate market has set records in terms of transaction numbers and total volume. In 2024, both residential and commercial real estate in the emirate are expected to …
Emirates Development Bank and Commercial Bank of Dubai forge partnership
Emirates Development Bank (EDB) and Commercial Bank of Dubai (CBD) have announced a strategic partnership aimed at enhancing international trade services. This collaboration will combine EDB’s …
UAE’s banking sector liquid assets stand at AED786.6 billion in Q1-24
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2%, or AED172.8 billion, compared to approximately AED613.8 billion at …
Eisler’s Currency Trader Oakley Set to Return With New Risk Limits
A top currency trader at Eisler Capital is getting a second chance to turn a profit at the hedge fund after he was ordered to stop trading when he suffered losses on his roughly $500 million trading …
UAE economy grew by 3.6% last year, financial sector assets hit $1.1tn: CBUAE
The UAE’s financial sector also recorded robust performance in 2023, achieving 11.1 per cent growth in total assets to over AED4tn ($1.1tn) The country’s banking system also maintained appropriate …
UAE banks forge partnership to facilitate international trade
Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, and Commercial Bank of Dubai (CBD), …
Emirates Development Bank and Commercial Bank of Dubai forge strategic partnership to facilitate international trade
This collaboration will combine EDB’s extensive client base and robust financial operational capabilities with CBD’s advanced trade finance expertise, unlocking new growth opportunities for businesses …
Emirates NBD announces prestigious LEED certifications awarded across branches in the UAE and Saudi Arabia
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 …