The UAE has joined with Kenya to boost investments in the mining and technology sectors as the Emirates looks to diversify its global investment portfolio. Abu Dhabi-based company ADQ has also signed …
Fintech Funding Continues To Surge As Second Edition Of Dubai Fintech Summit Commences – Middle East Business News And Information
FinTech landscape is booming with over 800 FinTech start-ups worth USD 15.5bn.
Dubai FinTech Summit to discuss latest innovations and challenges
Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond.
Saudi Arabian healthcare group Fakeeh Care Group announces IPO
Saudi Arabia’s Fakeeh Care Group, one of the largest private hospital groups in the kingdom, said on Wednesday it planned to proceed with an initial public offering (IPO) through the sale of a 21.47% …
Commercial Bank of Dubai reports Dh701 million net profit after tax for Q1 2024
Commercial Bank of Dubai (CBD) on Wednesday reported a net profit after tax result of Dh701 million for the first quarter of 2024, up 21.9 per cent (on a pre-tax basis, the result is up 33.9 per cent) …
Commercial Bank of Dubai registers net profit of AED701 million in Q1 2024
DUBAI, 24th April, 2024 (WAM) — The Commercial Bank of Dubai (CBD) announced its financial results for the first quarter of 2024. The net profit after tax was AED701 million, showing a 21.9% (on a …
Flynas Sets 2024 IPO Date Amid Expansion Plans
Saudi Arabia’s low-cost carrier, flynas, has officially announced plans for an Initial Public Offering (IPO).Read More: Spinneys’ $375 Million Dubai IPO Attracts Franklin Templeton Bander Almohanna, …
FinTech funding continues to surge as second edition of Dubai FinTech Summit commences
Organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, the Summit will bring together 8,000 …
Dubai Islamic Bank First Quarter 2024 Group Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending March 31, 2024.Q1 2024 Highlights:• Net Profit (Pre-Tax) registered AED 1,850 million up 22% YoY due to higher total income and lower impairment charges.
Banks, finance companies may defer personal and car loans installments for six months to overcome repercussions of weather condition: CBUAE
The Central Bank of the UAE (CBUAE) today issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the repercussions of the weather condition for a period of six months.
UAE announces $50-million pledge to major initiative that can lift millions out of poverty
The UAE has committed $50 million to a major multi-donor initiative that seeks to lift millions out of poverty. It will be the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a …
UAE announces USD 50 million commitment to Lives and Livelihoods Fund 2.0
The UAE has committed USD 50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development initiative that supports the Islamic Development Bank (IsDB) …
UAE announces $50mln commitment to Lives and Livelihoods Fund 2.0
ABU DHABI: The UAE has committed US$50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development initiative that supports the Islamic Development …
Al Etihad Payments launches Open Finance to strengthen UAE’s financial services sector
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42, a G42 company and full-spectrum AI enablement solutions provider to mark the …
UAE: Education, Aviation, Healthcare Most Vulnerable To Cyberattacks, Say Experts
The education, aviation, and healthcare sectors within the GCC including the UAE have been the prime targets for cyber threat actors. Thes …
UAE Ministry of Finance launches customer councils
To introduce innovative government services that improve customer experience, in line with the Zero Government Bureaucracy programme …
UAE Announces US$50 Million Commitment To The Lives And Livelihoods Fund 2.0 To Advance Sustainable Economic Development In Isdb Member Countrie
( MENAFN – Dubai PR Network) Abu Dhabi, UAE. April 23, 2024: The UAE has committed US$50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development …