The world needs to join forces to establish solutions for developmental needs.
Boursa Kuwait and HSBC organize initiative to host “Asset Managers Day” in Dubai
Boursa Kuwait collaborated with HSBC, the multinational British investment bank and one of the largest investment banks in Europe, to host an “Asset Managers Day” for representatives from licensed …
UAE Cabinet allocates 2024 budget with estimated expenses of $17.4bn
The UAE Cabinet on Monday allocated a budget for 2024 with total estimated expenses amounting to Dh64 billion ($17.4 billion), as it approved the country’s Dh192 billion federal budget for 2024 to …
Big demand surge fuels Dubai’s off-plan market
The outlook for Dubai’s off-plan market is promising, having witnessed a notable surge in interest from investors and end-users, property market consultants said. With a 40 per cent to 60 per cent …
OYO in talks with Apollo to refinance $660m loan before IPO
India: Indian hospitality unicorn OYO is in talks with private equity firm Apollo Global Management to refinance a $660 million loan as the chain aims to reduce its debt in preparation for its initial …
Rupay goes international; UAE to use the tech for creating domestic card network
NPCI International announced a strategic partnership with Al Etihad Payments (AEP) to advance the development of the UAE’s first national Domestic Card Scheme …
UAE announces $52.3bn budget plan
The UAE has announced the federal budget for 2024-2026 as it looks to set spending for the years ahead. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, …
Al Salam Bank Wins ‘MENA Retail Bank of the Year Award’
Al Salam Bank has been named the ‘MENA Retail Bank of the Year’ for 2023, recognizing the Bank as one of the region’s leading financial institutions. Th …
Dubai-based Shuaa Capital looks to ‘extinguish losses’ after rights issue
Dubai-based investment bank Shuaa Capital will use a rights issue to ‘extinguish losses’ and repay its upcoming bond maturity according to a bourse filing today, following the exit of its largest …
Global stocktake at Cop28 ‘a moment of hope’, says top UAE official
A top UAE official said the global stocktake to take place at Cop28 should be seen as a “moment of hope”.Speaking at the Middle East and North Africa climate week on Sunday, Majid Al Suwaidi called …
Oman’s OQ Gas Networks expected to price IPO at top of range
Oman’s OQ Gas Networks (OQGN), the pipeline business of state oil giant OQ, is expected to price its $771 million initial public offering (IPO) at the top of the marketed range, according to terms …
Dubai maintains top global ranking for attracting Greenfield FDI projects in H1 2023
Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 greenfield projects in H1 2023, as per Financial Times ‘fDi …
UAE participates in World Bank and IMF meetings in Marrakech
The United Arab Emirates, represented by the Ministry of Finance, announced its participation in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) taking …
UAE Tech Podcast: GIGA, Banking For the Gig Economy
Originally from Estonia but a long-term resident of Japan, and Japanese speaker, Raul Allikivi has successfully negotiated the regulatory climate in Tok …
The Third“Ethraa” Career Fair Set To Launch On October 9, Offering Over 800 Job Opportunities For UAE Nationals In The Financial Sector
In the presence of H.E. Khaled Mohamed Balama Governor of the Central Bank of the UAE (CBUAE) and Chairman of the Board of Directors of the Emira …
World Bank Revises UAE’s 2023 And 2024 Growth Forecast Upward
World Bank has revised the UAE’s GDP growth forecast for 2023 and 2024 on the back of strong growth in oil and non-oil sectors. The latest …
Doing Business in the UAE: A Guide to the Financial, Business, and Legal Considerations for Navigating the UAE’s Dynamic Market – Fourth Edition
This guide provides an overview of the principal legal issues for foreign investors considering doing business in the United Arab Emirates (the UAE). Formed on December 2, 1971, the UAE is a federal …