The move aims to diversify investment opportunities in the UAE market The primary aim behind the issuance of treasury bonds is to introduce fresh investment instruments in the market, catering to both …
UAE banks set for another year of strong profitability, S&P says
Banks in the UAE are well placed to continue posting strong earnings this year, capitalising on an improving macroeconomic environment and consistently high interest-rate regime supporting their …
UAE: Salik shareholders reap benefits, share concerns
Dean Fernandes was one of the first people to sign up for the initial public offering (IPO) of Dubai’s road toll-operator Salik when it was announced in 20..
Presight AI posts healthy numbers in first post-IPO full year result
Abu Dhabi tech company’s revenue up 14.7% to $484.85 million, while net profit increased 5.1% to $155.37 million …
Dubai Future District Fund Drives The Future Of Finance And Economies With Focus On Innovation And Sustainability
( MENAFN – Dubai PR Network) Dubai, February 8, 2024: The Oversight Committee of Dubai Future District Fund (DFDF) met to assess the Fund’s significant achievements to date and outline future …
The Ajman Chamber of Commerce and Al Maryah Community Bank sign an MoU to enhance cooperation
The Ajman Chamber of Commerce and Industry signed a Memorandum of Understanding with Al Maryah Community Bank (Mbank), a leading digital bank in the United Arab Emirates, with the aim of providing …
Dubai Taxi Company debuts on Dubai Financial Market
began trading on the Dubai Financial Market (DFM) on February 7, defying global headwinds and achieving record-breaking oversubscription. DTC‘s listing marks the second successful IPO on the DFM this …
Dubai’s real estate transactions surge 17% to record 1.6 million in 2023
Dubai registered a record 1.6 million real estate transactions across market segments, an almost 17 cent jump on an annual basis, as the emirate’s property market continues to strengthen amid robust …
Fifteen years after I invested: Why banking on the UAE is still as good of an idea now, as it was then
As Dubai continues to develop from a regional leader into a global one, as an investor it’s exciting to see that there are plans afoot to expand connectivity even further …
MENA IPO market surges with 48 offerings raising $10.7B in 2023: Report
In 2023, 48 MENA IPOs raised $10.7 billion, with five listings in energy and logistics sectors contributing 58% to the total IPO proceeds, according to EY MENA IPO Eye Q4 2023 report. The market saw …
Exclusive-UAE wealth fund plans $4-5 billion in investments via India’s new finance hub – sources
Exclusive-UAE wealth fund plans $4-5 billion in investments via India’s new finance hub – sources By Jayshree P Upadhyay (Reuters) – Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth …
Dubai Financial Services Authority sees 25% jump in licensing, registering of companies in 2023
The Dubai Financial Services Authority ( DFSA) achieved exceptional growth last year, with a 25 percent jump in licensing and registering of companies during 2023. This has taken the total number of …
UAE launches new expanded ‘Digital Procurement Platform’ catalogue
The Platform is a strategic and vital project in digital transformation in the country, especially in managing purchasing operations at the federal level …
UAE marks new milestone on the path of innovation, collaboration
The UAE Ministry of Finance (MoF) on Tuesday launched the newly updated catalogue for the Digital Procurement Platform, which has expanded to include 35 categories containing more than 120,000 …
Dubai Financial Services Authority expects further growth and activity in 2024
Ian Johnston, Chief Executive, Dubai Financial Services Authority (DFSA), expects further growth and activity this year, following the strong performance achieved in 2023.”2023 was the DFSA’s busiest …
UAE central bank revokes licence of Smart and Secure Insurance Agent
The Central Bank of the UAE (CBUAE) has revoked the licence of Smart and Secure Insurance Agent and struck its name off the register. The reason for the administrative sanction was its weak compliance …
Orient Finance introduces ‘Personalised Educational Seminars’ to foster financial empowerment for individuals
The seminars will provide individuals with essential financial knowledge and resources, in alignment with the UAE’s vision to strengthen national financial resilience …