Abu Dhabi-based global alternative investment management company Lunate and Saudi conglomerate Olayan Financing Company have agreed to acquire a 49 per cent stake in Dubai’s ICD Brookfield Place. Upon …
DeFi Technologies Inc. Subsidiary, Valour Inc., Launches Trading Desk in UAE to Expand ETP Listings and Presence in the Middle East
DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company and the first and only publicly traded company that bridges the gap …
Dubai Police arrests 494 individuals involved in phone fraud targeting bank customers
The fraudsters utilised various deceptive methods, including phone calls, emails, SMS, and social media links, to trick victims and access their savings and bank accounts. Dubai Police seized …
Dubai: 494 arrested for phone fraud cases, targeting banking customers
The fraudsters used phone calls, emails, SMS, and social media links to trick victims and access their savings and bank accounts …
UAE: ADX, DFM log nine large deals worth $435mln during Ramadan
According to market data, ADX saw the execution of five large direct deals on 243.4 million shares worth $186.18mln …
First Abu Dhabi Bank eyes Turkish acquisition in overseas expansion drive
FAB, which was created through the merger of National Bank of Abu Dhabi and First Gulf Bank in 2017, has been exploring opportunities to expand overseas like its GCC peers. Saudi Arabia’s largest bank …
Hedge Funds Explore New Defi Exchange Token O2T Before Bitcoin (BTC) Halving and Ethereum (ETH) ETF
In the intricate dance of market anticipation and strategic investment, hedge funds are turning their gaze towards a burgeoning opportunity in the cryptocurrency domain: (O2T). This new DeFi exchange …
UAE, Saudi Arabia to drive regional growth despite oil cuts, conflicts
Buoyed by a stronger-than-expected non-oil GDP growth in the UAE and Saudi Arabia, the Middle East economy remains robust, despite oil cuts and geopolitical turbulence, according to economists. The …
UAE stock markets see large influx of liquidity in real estate, financial sectors
Throughout the week’s trading sessions, local stock markets in the UAE experienced a significant influx of liquidity, totaling approximately 6.5 bill …
UAE, GCC banks’ Turkish subsidiaries to benefit from macroeconomic shift
The Turkish subsidiaries of GCC banks’ net monetary losses were $2.6 billion in 2023 as compared to $.9 billion in 2022, with Turkish inflation averaging 53 per cent over the ye …
My Dubai Rent: Entrepreneur pays Dh100,000 for one-bedroom flat in Downtown
My Dubai Rent takes you inside a reader’s home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don’t likeEntrepreneur and venture capitalist …
Why are Indians keen to acquire expensive properties in Dubai and London?
This recent trend of Indians lapping up real estate globally is a part of the plan B option of HNIs and UHNIs.
MBRHE signs deal worth Dhs10m to support community initiatives in Dubai
This step reflects the shared commitment of both MBRHE and DIB to their social responsibility and their determination to have a meaningful impact on the lives of individuals and the community.
Beauty retailer Purplle in early talks for $100mln funding from UAE wealth fund
Purplle, an Indian online beauty retailer, is in the early stages of talks for a $100 million investment from Abu Dhabi Investment Authority (ADIA), Mint, an Indian business newspaper, reported, …
Dubai: Gold prices jump nearly Dh6 per gram in day, close at new record high
Gold prices rally continued on Friday, closing at a record high in the UAE, gaining nearly Dh6 on Friday alone … Vijay Valecha, chief investment officer, Century Financial, said long-term investors …
Aggregate capital, reserves of UAE-based banks increase to $136.23bln by end of January 2024
ABU DHABI – The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED500 billion at the end of January 2024, according to the latest statistics from the …
Emirates Development Bank delivers record increase in industrial GDP impact, bringing total financing since 2021 to AED10.4 billion
Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the …