The assets of Islamic banks operating in the UAE increased by about AED86bn ($23.4bn) over the past 12 months, according to the latest statistics from the Central Bank of the UAE.
UAE developer unveils ultra luxury project in Dubai
Dubai-based property brand Binghatti launches its latest project, One by Binghatti. The exclusive reveal will take place on Monday at the Bvlgari Yacht Club in Jumeirah Beach.
UAE an attractive destination for Indian firms, says Dubai FDI CEO
The UAE-based investment banking advisory firm, Alpen Capital, announced the publication of its research report titled “GCC-India Corridor – Investment Opportunities”.
UAE Banks Federation AGM approves plans to further develop country’s banking sector
The General Meeting also absolved the Board of Directors from liabilities arising from their duties for the financial year ending 31 December 2023 and appointed the auditors for the year 2024 …
Al Maryah Community Bank signs an MoU with Dubai Multi Commodities Centre
Headquartered in Dubai, DMCC is a premier international business district and one of the world’s most interconnected free zones. With over 24,000 member companies, DMCC is the leading trade and …
24 French asset management firms with USD 1.6 trillion AUM convene for second UAE-France Investor Meetup
Following the resounding success of its inaugural edition, ADGM, the leading international financial centre of the UAE’s capital, hosted the second edition of the …
COP 28.5: Looking Back on Dubai, Looking Ahead to Baku
NORTHAMPTON, MA / ACCESSWIRE / / BloombergOriginally published on bloomberglp.com About Start date: Tuesday, June 4, 2024 Start time: 8:30 AM EDT| 1:30 PM BST Duration: 4 Hours At the halfway point …
Oxchange Finance Announces the Imminent Launch of OxWallet: Pioneering the Future of Decentralized Finance
Polygon Chain-Based Decentralized Exchange Poised for Growth with New Product Offerings and Strong Fundamentals DUBAI, UNITED ARAB EMIRATES / …
Middle East’s best bank for sustainable finance: HSBC
Last year was an important one for sustainable finance in the Middle East. Dubai hosted the COP28 conference, following on from Sharm El-Sheikh in Egypt in 2022. This has well and truly put the …
UAE: How to close a bank account, avoid recurring fees
The ‘going back’ process can seem tough, filled with cancelling cards and utility accounts, while saying your goodbyes to the people you met along the way.One of the most important steps is the …
UAE contributes to Joint Annual Meeting of Arab Financial Institutions and Council of Arab Finance Ministers
The United Arab Emirates, represented by the UAE Ministry of Finance and the Central Bank of the UAE, participated in the Annual Joint Meeting of Arab Financial Institutions, which was organised under …
UAE banks score all-time high on consumer trust
Consumer confidence in the UAE banking sector jumped to 90 per cent in 2023 from 84 per cent in the previous year, reflecting the sector’s excellence, fast digital transformation, and innovation. The …
Middle East’s best bank for wealth management: Emirates NBD Private Banking
Emirates NBD Private Banking has a proven track record across wealth management in the Middle East. The Dubai-based firm scooped several wins at this year’s Euromoney private banking awards across …
UAE’s ADNOC Group offloads $935m stake in drilling unit
ADNOC Group offloaded 880 million shares at Dhs3.90 apiece, approximately 70 per cent above the IPO price of Dhs2.30.
UAE’s economy grew by 3.6% in 2023 on non-oil growth
The UAE economy expanded by 3.6 per cent last year, driven by strong non-oil sector growth as the country continues to pursue its diversification goals. The country’s gross domestic product reached …
CREALOGIX and Tuum forge strategic alliance to transform banking in the EMEA at Seamless Middle East 2024
Dubai, United Arab Emirates – A leading Fintech company headquartered in Switzerland, CREALOGIX and Tuum, a leading next-generation core banking provider, today announced a strategic partnership aimed …
UAE’s ADNOC Group offers 5.5% stake in drilling unit
UAE’s ADNOC Group said on Wednesday that it plans to sell a 5.5 per cent stake in its drilling business to eligible institutional investors through a bookbuild offering, more than two years after it …