BNPL fintech firms can provide short-term credit services upon being licenced by the UAE central bank as restricted licence finance companies.
Real Estate Investment in Dubai – 5 Easy Ways for Indians to Get Started
However, establishing a successful real estate investment portfolio in Dubai requires strategic foresight. Understanding the real estate trends, legal framework, and cultural nuances are integral to …
UAE stocks surge; market capitalisation hits AED3.61trn
The market capitalisation of listed stocks grew from AED3.609 trillion on 26 December to AED3.612 trillion by the close of December 27 trading, divided into AED 2.932 trillion for stocks listed on the …
Micropolis Robotics to file for IPO, plans a $37 million fundraise
Dubai-based robotics manufacturer Micropolis Robotics announced plans to file for an initial public offering on the New York …
UAE stocks surge, market cap jumps over AED2.84bn
UAE stocks bolstered their gains on Wednesday, with their market capitalisation rising by over AED2.84 billion. The market capitalisation of listed stocks grew from AED 3.609 billion yesterday to AED …
UAE central bank introduces framework for regulation of short-term credit facilities
The Central Bank of the UAE (CBUAE) has amended the Finance Companies Regulation following global shifts in consumer financial trends and the growing popularity of “Buy-Now, Pay-Later” credit products …
Dubai Financial Market records trade of 175.3mn shares
Three substantial deals were conducted by Dubai Financial Market, involving the shares of ‘Takaful Emarat,’ ‘SHUAA Capital,’ and ‘Salama – Islamic Arab Insurance’ …
UAE introduces framework for regulation of short-term credit facilities
Acknowledging the global shifts in consumer financial trends and the increasing demand for “Buy-Now, Pay-Later” and similar credit products and services, the Central Bank of the UAE (CBUAE) has …
India allows it banks to import UAE gold at lower duty
India has permitted banks in the country to import gold from the UAE at concessional duty in a significant policy tweak that is expected to provide a major boost to the local gold exporters. The …
Commercial Bank of Dubai and Arabian Gulf Mechanical Centre L.L.C join forces
Dubai: Commercial Bank of Dubai (CBD), a prominent United Arab Emirates (UAE) national bank, is pleased to announce its strategic collaboration with Arabian Gulf Mechanical Centre L.L.C (AGMC), the …
Al Maryah Community Bank signs MoU with Real Estate Regulatory Agency
Marwan bin Ghalita, CEO of the Real Estate Regulatory Agency (RERA), expressed, “We are pleased to conclude this agreement with Al Maryah Community Bank. Through this partnership, we anticipate …
Indian investors put in USD 335 million as FDI in Dubai during January-June: Vestian
“Dubai witnessed significant investments (FDI) from Indian investors, amounting to USD 1.6 billion between 2020 and H1 (January-June) 2023. Dubai’s strategic location along with tax-friendly policies …
Dubai Insurance Company assigned “A” Rating for insurance financial strength with Stable Outlook by Fitch Ratings, London
Dubai: For the first time in over five decades of operations, Dubai Insurance Company P.S.C. (DIN) has received an IFS “A” Rating with a Stable Outlook from London’s globally-renowned ratings agency …
Strong cash flows for UAE stocks in Christmas Day trade
UAE stocks exhibited strong cash flows on Monday, surpassing Dhs1bn in market liquidity. The International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) emerged as …
For every missed IPO, there is the comfort of an SIP
In favourable market conditions, IPOs undeniably possess rockstar appeal, but mutual fund investments are generally considered fair-weather …
MetaSoilVerse shines at iconic Finance Expo 2023, reveals parcel surprise, and secures award
An innovative platform boosted Dubai’s Iconic Finance Expo into the future, attracting people and leaving them craving more of the limitless possibilities ..
UAE financial markets undergo sustainability-driven transformation: LSEG’s Nadim Najjar
Nadim Najjar, MD, Central Eastern Europe, Middle East Africa at LSEG, tells WAM UAE financial markets are undergoing a remarkable transformation, driven by global and regional trends, particularly in …