COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions. The approach pursued by the glitzy Gulf …
UAE COP presidency needs to snap out of ‘listening mode’ and get to action: Bonn observers
With six months to the climate summit in Dubai, COP28 president Dr Sultan al-Jaber has yet to set a clear vision for how to get world leaders to approach key issues like loss and damage, said …
Mbank, in collaboration with Khalifa Fund, launches its corporate banking platform
Mbank’s Corporate Banking Platform launches less than two weeks after Mbank and Khalifa Fund sign a Memorandum of Understanding, whereby Mbank continues to pursue its promise to support National and …
Hong Kong and UAE central banks explore closer financial ties to promote investments
The central banks of Hong Kong and the United Arab Emirates (UAE) are working together to set up financial infrastructure and policies in five major areas to promote cross-border payments and …
13 private firms listed in UAE markets with Dhs8.3b capital
The Securities and Commodities Authority (SCA) announced that the number of private joint-stock companies listed in the capital markets in the country totalled 13 companies, with a total capital of …
United Arab Emirates (UAE) Ambassador meets Ministers of Economy & Finance and Foreign Affairs of Republic of Benin
His Excellency Al Kaabi met with His Excellency Bakari to congratulate him on the assumption of his duties at the Ministry of Foreign Affairs and discussed with him the latest developments of mutual …
UAE delegation strengthens trade and investment ties with Paraguay
A senior UAE delegation, led by Reem Bint Ibrahim Al Hashemy, Minister of State for International Cooperation, visited Paraguay on 13th June 2023. During the visit, Al Hashemy met President-elect …
‘Spider-Man: Across the Spider-Verse’ was quietly pulled from cinemas across the Mideast. A trans flag may be the reason
Spider-Man fans in The UAE won’t be able to watch the latest Spider-Man installment because of its subtle support for the transgender community. Disney XD— Getty Images One week before the anticipated …
Amanat Hires FAB, EFG for Healthcare IPO in Abu Dhabi
Amanat Holdings PJSC, a Dubai-based health care and education investment firm, has picked EFG Hermes and First Abu Dhabi Bank PJSC to manage the planned initial public offering of its health care unit …
Dubai logs over $680mln in realty transactions Thursday
DUBAI: Dubai’s real estate market recorded 604 sales transactions worth AED2.1 billion on Thursday, in addition to 106 mortgage deals totalling AED337.09 million, and 32 gift deals amounting to AED158 …
UAE Ministry of Finance and Central Bank sign MoU
The Ministry of Finance and the Central Bank of the UAE have announced today the signing of a Memorandum of Understanding (MoU) in implementation of a Council of Ministers resolution, which …
Dubai logs over AED2.5bn in realty transactions Thursday
Dubai’s real estate market recorded 604 sales transactions worth AED2.1 billion on Thursday, in addition to 106 mortgage deals totalling AED337.09 million, and 32 gift deals amounting to AED158.95 …
UAE Central Bank takes measures to limit impact of interest rate hikes on people
The Central Bank of the UAE discussed the impact of interest rate increases on the country’s financial sector and approved the recommended solutions to limit the impact on people paying mortgages, …
Dubai TECOM secures refinancing on existing $2.06bln loan facility
Dubai business park operator TECOM Group has secured refinancing for an existing loan facility at more favourable terms. It has entered a new five-year 7.6 billion dirhams ($2.06 billion) unsecured …
Saudi, Dubai bourses rise in early trade, Qatar Falls
Stock markets in Dubai and Saudi rose on Thursday on rising oil prices as data showed a jump in refinery runs in China, although other major markets were subdued amid U.S. Federal Reserve’s hawkish …
UAE Central Bank holds benchmark rate as US Fed pauses tightening cycle
Central Bank of the UAE keeps benchmark rate unchanged as US Fed halts tightening cycle amid inflation concerns UAE Central Bank holds benchmark rate as US Fed pauses tightening cycle Federal Reserve, …
Spectrum Talent Management IPO: Issue subscribed 8 times so far on Day 4; check details
On Day 4, Spectrum Talent Management IPO received 9.40 times subscription in the retail category, while Qualified Institutional Buyers’ (QIB) portion was booked 8.39 times. The non-institutional …