Pakistan has pitched about USD 20 billion in foreign borrowing in the budget, besides another USD 3 billion rollover from the UAE that was reported separately for the balance of payments.
UAE Central Bank revokes licence of Muthoot Exchange
The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, …
As demand for short term rentals soars in Dubai, property experts explain the allure for travellers and investors alike
DUBAI, UNITED ARAB EMIRATES … Property Finder is a go-to place for a seamless and enriching house-hunting and finance-finding journey for both buyers and renters. Since its inception in 2007, …
Bank of Singapore looks to double revenue from Middle East in 3 years
UAE, and in particular Dubai, have become key destinations for global millionaires post-COVID, says bank’s top official …
Kuwait Finance House to sell all its stake in Sharjah Islamic Bank
Image Credit: Gulf News Archive Dubai: The Kuwait Finance House is selling its entire stake in Sharjah Islamic Bank, equating to 18.18 per cent. This will mean offloading 588.3 million shares in the …
Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private banking assets over the next three to five years from around 10 …
Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private banking assets over the next three to five years from around 10 …
Bank of Singapore sees 20% asset growth in Middle East within 5 years
Bank of Singapore aims to grow its business in the Middle East, with the region contributing up to 20 per cent of its overall revenue and private banking assets over the next three to five years from …
Finance Minister vows to esure to economic stability
Finance Minister Senator Muhammad Aurangzeb has reaffirmed government’s dedication to maintaining a stable macroeconomic environment and facilitating foreign investment. He was virtually meeting with …
Invest Bank partners with Network International to enhance its digital payments offering
DUBAI: Network International, a digital payments company, and Sharjah-based Invest Bank have joined hands to extend Network’s digital payment services to the bank’s corporate customers. The …
Why Tether’s UAE move could mean breakthrough moment for stablecoin
Tether’s announcement that it plans to launch a dirham-pegged stablecoin in the UAE shows confidence in the country’s cryptocurrency regulatory landscape, which can serve as a model for other …
Dubai Firms Channel $1.4 Billion into China Market
Dubai-based firms have significantly expanded their footprint in China with investments totaling $1.4 billion from 2015 to 2023. This substantial financial commitment underscores the growing economic …
Aurangzeb invites Dubai Islami Bank to enhance investments
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Thursday invited the Dubai Islamic Bank to enhance its …
Magellan Capital to Launch $700 Million Hedge Fund in Dubai
Dubai-based Magellan Capital Holdings Ltd. will launch a $700 million multistrategy hedge fund next month, marking one of the largest debuts in the UAE. The fund, which will focus on equity and credit …
Emirates Development Bank launches students entrepreneurship bootcamp
“The Students Entrepreneurship Bootcamp reflects our commitment to empowering the next generation of Emirati entrepreneurs through quality training, fostering local talent, and promoting innovation,” …
Emirates Development Bank launches students entrepreneurship bootcamp
“The Students Entrepreneurship Bootcamp reflects our commitment to empowering the next generation of Emirati entrepreneurs through quality training, fostering local talent, and promoting innovation,” …
The UAE Unveils Its First Central-Bank Licensed Crypto – A Tether Dirham-Pegged Stablecoin
The world’s largest stablecoin provider, Tether (behind $USDT), is launching a new coin pegged to the AED. As the first-ever cryptocurrency licensed under the UAE Central Banks …