UAE cable maker Ducab may consider an initial public offering to support future expansion, its group chief executive has said. “This is a viable strategy going forward in order to basically fuel our …
UAE has made significant progress in combatting financial crime – Hamid AlZaabi
We’ve improved the capacity, skills, and effectiveness of law enforcement authorities in the UAE to detect and investigate money laundering cases, the founding Director General of the Executive Office …
Dubai continues to reinforce its position as major global economic hub: Sheikh Hamdan
Dubai’s economic performance indicators for the first half of 2023 have exceeded expectations, said the Crown Prince of Dubai …
SA property buyers making golden deals in Dubai
The developers are also providing flexible payment plans of up to five years for those not wanting a mortgage. She says the ROI on property investments is among the highest in the world. Dubai is …
China-UAE, Saudi investments surge in 2023
ALBAWABA – The value of acquisitions and investments by Gulf companies, including Saudi investments, in China has increased by more than 1,000 percent y …
Dubai achieves ‘new levels of growth’ in first half of 2023
Dubai’s impressive performance in various sectors has inspired confidence in the global community and major investors Dubai achieves ‘new levels of growth’ in first half of 2023 Dubai, Dubai Economic …
Dubai set for record economic performance in H2
Dubai continues to reinforce its position as a major global economic hub, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Ministe …
Big Pact Between RBI, UAE Central Bank To Link UPI Systems, Card Payments
Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) yesterday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of …
UAE, Saudi investments in China surge in 2023
ALBAWABA – The value of acquisitions and investments by Gulf companies, including Saudi investments, in China has increased by more than 1,000 percent y …
India, UAE commit to fight against all types of terrorism
Prime Minister Narendra Modi and United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan reaffirmed their joint commitment against extremism and terrorism, including cross-border terrorism, …
India, UAE Sign MoU To Set Up Local Currency Settlement Framework In Bilateral Trade
The move comes amid India’s ongoing efforts to promote the use of the rupee for international transactions. In the past year, the government has actively encouraged the global use of the rupee.
India, UAE ask developed nations to fulfil USD 100 billion climate finance commitment
Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan on Saturday said there was an urgent need for developed countries to fulfil the USD 100 billion …
UAE, India’s Joint Statement After PM Modi’s Visit
The United Arab Emirates and India have issued a joint statement following the official visit made by Narendra Modi, Prime Minister of India, to the UAE today.
India, UAE Urge Developed Nations To Fulfil USD 100bn Climate Finance Commitment
Modi congratulated the UAE for being selected as the host country of COP28 in 2023 and extended his full support to its incoming presidency of the climate conference.
RBI, UAE’s central bank sign MoUs to promote local currencies, UPI for cross-border transactions
According to the MoUs signed, both of them would now help each other in establishing a common framework in promotion of the use of local currencies for cross-border transactions, while the other would …
UAE one of fastest-growing economies in 2022, says report
Central Bank of the UAE Financial Stability Report gives credit to the robust recovery in non-oil GDP and a sizable expansion of oil GDP …
UAE banking sector has strong liquidity buffers, says CBUAE
The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022. The report provides a comprehensive assessment of the stability of the UAE financial system, which …