This notice was issued following approval from the CBUAE board on a set of measures aimed at easing the burden of increased interest rates on residential real estate loans for UAE nationals …
Some Middle Eastern firms pushing IPO plans to 2024 – BofA
DUBAI, July 5 (Reuters) – Several Middle Eastern companies are planning initial public offerings (IPOs) in 2024 instead of this year, a senior Bank of America executive said, amid worries of a global …
UAE’s financial advisory market likely to hit $238bln
UAE’s financial wealth will witness a strong expansion in coming years, growing from $700 billion in 2021 to $1 trillion in 2026 …
Dubai stocks hit eight-year high
Saudi Arabia would extend its voluntary output cut of 1 million barrels per day (bpd) to August, the kingdom’s state news agency reported. Russia will also reduce its oil exports by 500,000 bpd in …
Dubai real estate sector records $1.1bn day
Dubai saw more than a billion dollars of real estate transactions on Tuesday, July 4 Dubai real estate sector records $1.1bn day Dubai, Dubai Land Department, Dubai real estate Real Estate …
Wio Bank signs deal with ADX to enable instant IPO subscriptions
Wio Bank, the region’s first platform bank, has signed an agreement with Abu Dhabi Securities Exchange (ADX) to facilitate Initial Public Offering (IPO) subscriptions on ADX. This agreement allows Wio …
UAE’s updated energy strategies to create 50,000 green jobs by 2030
Suhail Bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, on Tuesday revealed the details of the updated version of the UAE Energy Strategy 2050 and the development of the National Hydro …
UAE announces plans to invest $54B in energy and triple renewable sources
The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy …
UAE Central Bank seeks measures to limit impact of interest rate rises on home loans
The UAE Central Bank has issued a notice to all banks and finance companies in the Emirates to outline the measures they have taken to reduce the burden of higher interest rates on home loans for UAE …
Dubai stocks hit 8-year high, real estate sales hit $8.3b
Dubai stock index soared to the highest level since August 2015, marking an eight-year high on gains driven strongly by real estate stocks.The Dubai Financial Market General Index closed on a 2.3 …
UAE’s financial advisory market likely to hit Dh875 billion
Data shows that assets under management (AUM) in the UAE’s wealth management market are forecasted to reach upwards of Dh938 billion in 2023 while showing a CAGR of 10 per cent to result in a market …
UAE announces major real estate loan guidelines to slash payment burden
Central Bank of the UAE issues note to alleviate burden on increased interest rate payments UAE announces major real estate loan guidelines to slash payment burden CBUAE, Emiratis, real estate loans, …
UAE Central Bank outlines measures to ease burden of rising interest rates on home loans
The measures, which came into effect as of July 1, cover all residential real estate loans, including loans with increased Debt Burden Ratios …
Wio Bank signs agreement with ADX to enable fully digital, instant IPO subscriptions
Wio Bank PJSC, the region’s first platform bank, has signed an agreement with Abu Dhabi Securities Exchange (ADX) to facilitate Initial Public Offering (IPO) subscriptions on ADX. This agreement …
UAE Corporate Income Tax: Uniqus explains why it’s important to join the discussion on impact beyond tax
The deliberations on the tax impact have been ongoing since the announcement of CIT Law by UAE Ministry of Finance in January 2022 and release of the consultation paper in April 2022. While entities …
UAE calls for climate finance reforms ahead of COP28
UAE Industry and Advanced Technology Minister and COP28 president-designate, Sultan bin Ahmed Al Jaber, has asked world leaders to act and start delivering on …
Mideast’s biggest tobacco firm AIR invites banks to pitch for roles in IPO-sources
DUBAI, July 3 (Reuters) – Dubai-based Advanced Inhalation Rituals (AIR), the Middle East’s biggest tobacco company, has invited banks to pitch for roles in its planned initial public offering (IPO) …