The UAE and Saudi Arabia are leading the charge for “green financing” in the Middle East and North Africa. The UAE topped regional green bond league tables, with sales reaching $10.7bn, up nearly 170 …
Dubai real estate: All you need to know as a first time homebuyer
purchase a more valuable home without the need to have the full amount sitting in their bank account.” According to Bramley, borrowing from the UAE differs from many regions around the world, “making …
Ministry of Finance hosts ‘Government Finance and Public Sector Debt Statistics’ awareness programme
The UAE Ministry of Finance, in collaboration with the International Monetary Fund (IMF), kicked off an awareness programme on Government Finance and Public Sector Debt Statistics in Dubai, which will …
UAE plans to issue bonds, sukuk valued at $1.36bln in Q1 2024
He highlighted the role of the Sustainable Finance Working Group in the UAE, promoting environmentally friendly investments to mitigate long-term vulnerabilities to climate change and realising …
UAE Golden Visa: Dubai makes major change to property down payment requirement
Dubai’s General Directorate of Residency and Foreigners Affairs … Furthermore, for properties bought using a bank mortgage or installment plans, homebuyers had to make a minimum down payment of …
Dubai’s biggest bank Emirates NBD posts 3% rise in Q4 net profit; misses estimate
Emirates NBD, Dubai’s biggest lender, reported a Q4 2023 net profit of 4 billion UAE dirhams ($1.09 billion), up 3% year-on-year. For FY 2023, the lender reported a net profit of AED21.5 billion, up …
Emirates Islamic Bank turns in Dh2.12b net profit despite higher provisions
Dubai bank’s top-line numbers also flew into record gains with Dh4.77b EIB’s customer deposits grew incrementally, up 9 per cent to Dh61.3 billion. Image Credit: Clint Egbert/Gulf News Dubai: The …
UAE: Top bank will not update customers’ details at branches from February 2024
UAE’s top bank has announced that it will not update customers’ personal details and documents at its branches from next month. In a notice sent out to its customers on Wednesday, First Abu Dhabi (FAB …
UAE firm warns residents: Scammers use employee identity to get credit card details
Abu Dhabi-listed The National Investor (TNI) has issued an alert about scammers using its details to extract UAE residents’ and investors’ personal and banking information. In a statement issued by …
UAE sets up special project to extend financing to SMEs, start-ups
The UAE Ministry of Economy is setting up a special body to provide financing to small and medium-sized enterprises (SMEs) and start-ups. The “Intangible Assets Finance Committee” will help businesses …
Dubai sees rising appetite from Chinese asset managers -regulator chief
HONG KONG, Jan 25 (Reuters) – Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as warming …
DMCC kicks off 2024 global trade roadshow in London, highlights 10% growth of British companies as part of uae-uk trade and investment drive
DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – affirmed its goal of attracting greater levels of foreign direct investment (FDI) from the …
DIFC Innovation Hub Teams Up with Wealth Management Firm, Julius Baer, and Financial Market Infrastructure Euroclear
DIFC Innovation Hub, which claims to be the largest start-up and innovation hub in the world operating out of Dubai International Financial Centre (DIFC), the global financial centre in the MEASA) …
Dubai announces new scheme to support retirees; cuts fees and offers finance to set up new businesses
CEO of Dubai SME, said, “The programme reflects the vision and directives of our wise leadership to provide all the support we can to retirees and employees approaching retirement in a way that …
Scammers in Dubai Send Fake UAE Central Bank Messages to Residents
After UAE residents were scammed with fake messages from Aramax and Emirates Post, scammers are sending fake messages pretending to be from the UAE Central Bank. Read More: UAE Firmly Denies Plans …
Dubai bourse leads Gulf markets higher on upbeat earnings
Jan 24 (Reuters) – Most stock markets in the Gulf ended higher on Wednesday, largely on the back of corporate earnings with the Dubai index leading the gains … priced its initial public offering …
Saudi Arabia’s Avalon Pharma prices IPO at top of range
DUBAI, Jan 24 (Reuters) – Saudi-based Middle East Pharmaceutical Industries Company, known as Avalon Pharma, priced its initial public offering (IPO) at the top of its range, selling the shares at 82 …