Total deposits in the UAE’s banking system grew 12.6 per cent year-on-year at the end of September, the highest growth rate since February 2015, the Central Bank said.Residents’ deposits grew 15.3 per …
Dubai Chamber of Commerce sets up Fintech & Payments Business Group
Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023 …
UAE targets 24,000 jobs in private sector for Emiratis
Ghannam Butti Al Mazrouei revealed that the number of citizens who will be employed in the private sector will exceed expectations in 2023, as the council aims to provide between 22,000 and 24,000 …
Dubai: Man jailed for taking illicit pictures, videos of married couple while they slept in adjacent room
The husband noticed the phone through an opening in the wall and grabbed it from the accused’s hand, following which he immediately informed the police …
UPDATE 1-Sanctions forcing Russia’s Sberbank to close UAE office, company says
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine (Adds quotes, details) By Alexander Marrow MOSCOW, Dec 26 (Reuters) – Russia’s dominant …
Dubai real estate sector hits $65bn in 88,000 transactions over record-breaking year
Dubai apartments drive property market with 46% year-on-year growth Dubai real estate sector hits $65bn in 88,000 transactions over record-breaking year Dubai real estate, Dubai real estate …
UAE’s Fintech Galaxy acquires Egypt’s Underlie
According to the companies, Underlie’s customer-centric approach and ambition to understand FIs’ needs and pain points to provide them with new proposed revenue streams and tailored products and …
MC Insider: Dubai calling for trader, promoter cousins call truce, financial product flying under the radar and more
There is some good news coming from the industrial suburbs of this western city where the promoter cousins of two firms which are into the manufacturing of cables and pipes, seem to have amicably …
FAB, Magnati, PayRow to develop payment solutions for Dubai’s ports sector
First Abu Dhabi Bank (FAB) and its affiliate Magnati are teaming up with PayRow Net through the Ports Customs and Free Zone Corporation (PCFC) to create a digital payment platform to drive Dubai’s …
Dubai Free Zones Council boosts facilitation of integrated services
The Dubai Free Zones Council organised an interactive workshop to facilitate integrated services and users’ digital journey across all free zones in Dubai, in collaboration with the Dubai Model Centre …
Dubai records over Dhs9.1b in weeklong realty transactions
A total of 2,926 real estate transactions worth over Dhs9.1 billion were conducted during the week ending Dec.23, 2022, according to figures released by the Dubai Land Department (DLD).
FAB, PayRow Net create new payment solution for Dubai ports
First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net, a unit of Ports Customs and Free Zone Corporation (PCFC) to establish a best-in-class digital …
Deal to establish new payment solution for Dubai’s ports sector
First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net through the Ports Customs and Free Zone Corporation (PCFC) …
FAB, Magnati, and PayRow Net partner to create payment solution for Dubai’s ports sector
First Abu Dhabi Bank (FAB) with the support of its affiliate, Magnati, is collaborating with PayRow Net through the Ports Customs and Free Zone Corporation..
Abu Dhabi royal family backs startup LumiShare in $3.2mn funding
Significantly, the funding deal comes amid tightening of investments by venture capitals and private equities in view of serious concerns about startups’ ability to generate profits from operations …
A 35-Year-Old Tycoon Targets the Country Where He’s Sanctioned
Timur Turlov was sleeping in a hotel room in Dubai when his wife woke him to tell him his home country had invaded Ukraine.
Jalan Kalrock offered Dubai properties as securities to lenders for Jet 2.0
These carried a release date in the fifth year from the start of operations of Jet 2.0 or complete payment. The property at BKC is valued at Rs 246 crore while a third property in Dubai valued over Rs …