Fime has been selected by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, to play a key role in the establishment of the UAE’s domestic card payment scheme, named Jaywan. To support …
Dubai Metro rain aftermath: All the updates you need to know
If you live in Dubai and bank on the Dubai Metro for transportation, take note of this update which will affect your travelling plans. Dubai’s Roads and Transportation Authority took to their …
Binance obtains Dubai licence to target retail clients
Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai’s regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional …
Woman wheels dead uncle into bank to sign loan
A Brazillian woman was arrested after attempting to secure a loan from a bank with her dead ‘uncle’. VIdeo / GlobalNewsTube …
Dsquares unveils game-changing loyalty solutions at Loyalty Connect Global in Dubai
Cairo-based Dsquares empowers the loyalty market showcasing AI-enabled innovations and takes center stage at global event …
Briton living in Dubai says floods are ‘crazy’ as torrential rain hits region
A British man who relocated to the United Arab Emirates (UAE) has said the flooding in the region has been “crazy” as he described seeing cars “fully submerged” in water. Jake McCulloch, 24, who moved …
Hedge Fund ‘Pod’ Strategy Imitated by Pensions, Endowments
Pensions and endowments are borrowing from the playbook of giant multimanager hedge funds — and giving it a go themselves. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens …
UAE grocery chain Spinneys to float on Dubai Financial Market
The company will open its first store in the Saudi Arabian market in La Strada, Riyadh, in the first half of 2024.
NBD Emirates, Mizuho Bank eye KKR’s stake in Avendus Capital
Mizuho Bank and NBD Emirates frontrunners to acquire KKR’s stake in Avendus Capital valued at $430-450 million.
‘Absolute carnage’ – Dubai airport and roads flooded as heaviest rain ever recorded in desert nation of UAE
Heavy thunderstorms lashed the United Arab Emirates on Tuesday, dumping the heaviest rain ever recorded in the country in the span of hours as it flooded out portions of major highways and Dubai’s …
Hedge Fund ‘Pod Shop’ Strategy Imitated by Pensions, Endowments
Pensions and endowments are borrowing from the playbook of giant multimanager hedge funds — and giving it a go themselves. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens …
Dubai roads, airport reel from floods after record rains
Dubai’s giant highways were clogged by flooding and its major airport was in chaos as the Middle East financial centre remained gridlocked on Wednesday, a day after the heaviest rains on …
Dubai real estate: Emirates REIT’s property income jumps 10% to record $74mn
Occupancy rates across Emirates REIT’s diversified portfolio of commercial, retail, and educational properties in Dubai rose 1.7 percentage points to 86 percent in 2023. Passing rental rates increased …
UAE Ministry of Finance completes participation in second round of Finance Track Working Group Meetings
The UAE Ministry of Finance has completed its participation in the second round of working group meetings under the Finance Track of the 2024 G20 in Brasília, Brazil, held between March and April 2024 …
The UAE Has Set Its Sights on Africa’s Critical Minerals
The United Arab Emirates is rapidly emerging as a major player in the mining sector in Africa, starting with the acquisition of a large copper mine in Zambia. With its oil-dependent economy vulnerable …
Spinneys listing plans to further deepen UAE stock market; economic diversification: Market experts
The company will list 25 percent of its shares, amounting to 900 million stocks with a nominal value of AED 0.01 …
Hedge Funds Including Millennium Are Shorting UK Water Companies
Hedge funds including Millennium Management and Arrowstreet Capital are shorting the assets of UK water companies after a crisis at Thames Water spotlighted high debt levels across the industry. Most …