Furthermore, the new initiative provides interest-free business loans for material damages and postpones loan repayments for affected business owners who are members of Dubai SME. This contributes to …
Dubai real estate: Property market shatters records with over 30,000 transactions in Q1 2024
The Dubai real estate market witnessed an unprecedented surge … respectively. Notably, the percentage of mortgage buyers has climbed to 37 percent, compared to 35 percent in the same period last …
Two long-time Walleye Capital execs are retiring amid makeover at $5.7 billion fund
Walleye partners Andrew Carney and Mark Zeldis will leave the firm in the coming months. The fund’s C-suite has undergone a revamp in recent months.
Hedge Fund Founder Claims Controversial Tax Trades Were ‘Completely Legal’
Sanjay Shah, the hedge fund founder accused of masterminding a Cum-Ex trading scheme that robbed £1.4 billion ($1.7 billion) from the Danish government, claimed he thought the transactions were …
A Dubai Firm Pledged $13 Billion for 20 Years of South Sudan Oil
The loan from an obscure UAE company may tie up most of South Sudan’s oil revenues for many years, UN investigators say.
Meet Sheikh Tahnoon bin Zayed Al Nahyan: The royal known as UAE’s $1.5 trillion man
Abu Dhabi’s Sheikh Tahnoon bin Zayed Al Nahyan is one of the most sought-after people in the Middle East. Money managers and financiers flying into the United Arab Emirates from Hong Kong, London or …
WEE Marketplace secures $10mn funding from Dubai firm
WEE Marketplace, the pioneering marketplace known for its fast product delivery across the UAE, announced securing a $10 million funding from Dubai-based SIG Investment. The fund infusion will be by …
Dubai’s Emirates NBD posts better-than-expected 12% rise in Q1 profit
Emirates NBD , Dubai’s biggest bank by assets, reported on Thursday a 12% rise in first-quarter net profit, driven by regional growth, higher transaction volumes, a low-cost funding base and …
Bankers push for Middle East follow-ons to boost liquidity after IPO frenzy
The banker added that a more liquid and sophisticated follow-on market in the Middle East was the logical next move for the market’s development in the region, along with the ongoing introduction of …
UAE Economy Set To Expand At ‘Fastest Clip’ In GCC
Buoyed by strong performance in non-oil sectors, the UAE economy is on track to expand at the fastest clip in the region while Saudi Arabia will gro …
United Arab Bank posts 25% rise in Q1 net profit
Total income was higher by 33 per cent at Dh163 million during the period Dubai: United Arab Bank posted a 25 per cent rise in net profit after tax for the first quarter of 2024 as a result of is a …
‘Invest today to save tomorrow’: Focus on finance as Cop29 countdown begins
Azerbaijan will urge wealthy nations and companies to “invest today to save tomorrow” when it takes over from the UAE as chair of global climate talks. Finance will be a key focus of the Cop29 summit …
MoF enhances UAE’s financial inclusion drive
Since its first participation in the Global Partnership for Financial Inclusion (GPFI) in 2020, the UAE has actively engaged with the group and became a member in 2021, making headway in embracing the …
Alkhabeer Capital Plans IPO for Its Diversified Fund
Alkhabeer Capital, an asset manager specializing in Sharia-compliant investments and financial services, has announced the dates for the initial public offering (IPO) of Alkhabeer Diversified Income …
Vivek Gahlaut Dubai – A Prominent Figure in the Business World
Simultaneously, Vivek Gahlaut UAE started investing in new companies, like angel investing. In India, he used his financial knowledge & experience to help technology startups to grow. Vivek really …
Ministry of Finance enhances UAE’s financial inclusion drive
His Excellency Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance, said: “The UAE’s commitment to financial inclusion is evident by its efforts to provide individuals and businesses …
The UAE is using a wealth fund to gain diplomatic sway
This frenetic activity reflects the UAE’s belief that it has an opportunity to exert … For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our …