The UAE’s Central Bank (CBUAE) has cancelled the licence of First Insurance Brokers Company, an insurer operating in the UAE, and struck its name from the register for failing to comply with an …
Saudi Arabia’s Avalon Pharma sets IPO price range
Saudi-based Middle East Pharmaceutical Industries Company, known as Avalon Pharma, has set the price for its planned initial public offering (IPO) at 78 to 82 Saudi riyals ($20.80-21.87), it said on …
BRICS’ India and UAE forge a $3b pact – What it means
Marking a significant milestone in global diplomacy, India and the United Arab Emirates (UAE) have recently inked a groundbreaking $3 billion agreement. This monumental development is not just about …
Dubai real estate: Apartment rents to rise further on revised RERA rates, says report
The real estate cycle in Dubai is expected to enter a new phase, with a resurging apartment market and more tempered growth in the villa market …
Emirates Islamic becomes first Islamic bank in the UAE to launch a digital wealth offering and equity trading on its mobile banking App – EI
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of a Shariah-compliant digital wealth and equit …
UAE investors wake to the launch of equity trading on Emirates Islamic bank mobile app
EI announced that customers using the Digital Wealth platform will be able to trade in stocks with zero commissions from January 1 until March 31, 2024.
RERA and Zand Digital Bank join forces to manage Dubai’s real estate escrow accounts
The MoU authorises Zand Digital Bank to oversee real estate development escrow accounts and provide associated services in Dubai. Image: Shutterstock The Real Estate Regulatory Agency (RERA), the …
Dubai Investments announces first flagship mixed-use development in Africa
Dubai, UAE: Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM), has marked a significant entry into the African markets with the announcement of its first …
Joe Webster: Shipping cars to Dubai from US can sometimes make financial sense for car buyers
Webster, a seasoned specialist, guides A1 Auto Transport to the forefront of the car transport sector with expertise and excellence …
Dubai Investments launches mixed-use development in Angola
Dubai Investments said in a statement to the Dubai Financial Market on Wednesday. The project site will include three kilometres of coastline and a two-kilometre sandy beach. Dubai Investments …
UAE President participates in Vibrant Gujarat Global Summit in India
and business and finance professionals from around the world. Speaking at the summit, His Highness thanked the Indian Prime Minister for the invitation and congratulated him on the summit’s 20th …
UAE’s Al Habtoor Group threatens to sue Lebanon’s govt over $44mn investment dispute
The dispute stems from restrictions imposed by Lebanon’s embattled central bank preventing Al Habtoor Group from transferring its trapped funds out of Lebanese banks …
Bahrain’s Al Salam Bank terminates discussions on acquiring KFH Bahrain
Bahrain-based Al Salam Bank is listed on both Dubai Financial Market (DFM) and the Bahrain Bourse while Kuwait Finance House is listed on both the Bahrain Bourse and Boursa Kuwait. Al Salam announced …
UAE business group issues investment dispute notice against Lebanon
Among these are funds within the Lebanese banking system; and investments in luxury hotels branded under Hilton Hotels & Resorts, a shopping mall, a 100,000-sqm entertainment, leisure destination …
Why are Indian crypto firms making a beeline for Dubai?
Lured by a favourable regulatory landscape, an increasing number of Indian crypto companies are relocating to Dubai in an attempt to evade the high tax regime in their home country.
UAE economy expected to grow by 3.8% in 2025: World Bank
According to the Global Economic Prospects report released today, the World Bank forecast the growth in the Gulf Cooperation Council (GCC) countries to rise to 3.6 percent in 2024 and 3.8 percent in …
Pakistan ‘hopeful’ of $2bn UAE deposit rollover
Pakistan is hopeful of getting $2 billion deposits rolled over by the United Arab Emirates (UAE), sources told the media on Monday, as the authorities strive to keep the country’s financial affairs …