Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant lender, has stopped its widely-used ‘salary in advance’ service for customers. The decision was made following the bank’s comprehensive …
How a Wall Street minnow earned the trust of the Middle East
The boutique moved a senior equity capital markets banker to Dubai from Hong Kong in late 2022 to capture a bigger slice of the IPO boom. Advisory specialists from Lazard to Jefferies Financial Group …
Dubai reaches financial close for $1.5bn solar project
Masdar will develop the 1,800MW sixth phase of Mohammed bin Rashid Solar Park State utility Dubai Electricity & Water Authority (Dewa) and Abu Dhabi Future Energy Company (Masdar) have reached …
Dewa and Masdar reach financial closing on 1,800MW 6th phase of world’s biggest solar park
Dubai Electricity and Water Authority (Dewa) and Abu Dhabi Future Energy Company (Masdar), announced the financial closing of the 1800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum Solar …
Trade and supply chain finance key catalysts of business growth
Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, underscored its pivotal role in fostering sustainable, self-reliant economic gr …
UAE participates in Global Partnership for Financial Inclusion meeting under India G20 Presidency
The UAE recently participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track of the G20 for 2023, w …
Emirates Development Bank Highlights Trade and Supply Chain Finance Solutions at GTR MENA 2024
During the event, EDB highlighted its cutting-edge supply chain finance and trade finance solutions designed to support UAE companies and bolster their growth. With over 900 market leaders and a …
Decisive Zone Bankers: Your gateway to hassle-free banking in the UAE
The challenge of setting up a bank account in the UAE, with its stringent requirements and often complex regulations, can be a significant hurdle. This is ..
Dubai real estate: How to get a mortgage pre-approval for your dream home
However, with the right preparation and process, buying property with a mortgage in Dubai is very achievable. The first major step is obtaining a mortgage pre-approval. A mortgage pre-approval allows …
UAE supermarket chain Choithrams announces massive Gulf region expansion
Choithrams plans new store openings in UAE, Bahrain and Qatar and rules out publicly listing the company ‘anytime soon’ …
Dubai-based developer Binghatti to debut US Dollar bond offering
UAE-based real estate developer Binghatti Holding has hired … innovative avenues for capital raising while adhering to the principles of Sharia-compliant finance,” the company said. Read: Binghatti, …
UAE’s Burjeel Holdings plans to open surgery centres in Saudi Arabia
Prior to that Abu Dhabi’s International Holding Company bought a 15% stake in the company. VPS Healthcare Holdings, founded and chaired by Shamsheer Vayalil Parambath, continues to own 70% of Burjeel …
UAE’s e& to raise dividend by 3 fils a share from 2024; will pay out 80 fils in 2023
UAE tech-telco chrusn up Dh10.3 billion as 2023 net profit … This comes off the back of a sizeable set of financials e& generated for the year. “The strong financial performance, with consolidated …
UAE: Top bank discontinues ‘Salary in Advance’ facility
Dubai Islamic Bank, the UAE’s largest Shariah-compliant lender, has discontinued its popular ‘salary in advance’ facility for …
UAE: Short of cash? These banks offer ‘rent in advance’ to tenants
For UAE residents, rents are one of the biggest costs that they bear every month. For some of the residents, it accounts for the highest expense of their m..
Segantii Hedge Fund Assets Shrank by $1 Billion Since March
Simon Sadler’s Segantii Capital Management Ltd. saw its hedge fund assets shrink by 18% since last March amid investment losses and redemptions, said people familiar with the matter.Assets of the …
UAE, Qatar banks lead GCC ‘reputational net sentiment’
Banks in the UAE and Qata lead regional “reputational net sentiment,” according to the first-ever GCC banking sentiment index that has been designed to quantify the experiences and sentiments of …