Dubai’s luxury home prices surged by nearly 50% in the year up until June, maintaining its top ranking for the eighth consecutive quarter, according to a new report by Knight Frank.
RIL to sell 8-10% more stake in Reliance Retail to prepare for IPO: Report
The additional stake sale is anticipated to span 12-15 months and will play a crucial role in the projected initial public offering (IPO) of Reliance’s retail operations.
AED268.6 billion in saving deposits held by UAE banks until end of June 2023
ABU DHABI, 24th August, 2023 (WAM) — Savings Deposits held by UAE banks, excluding interbank deposits, amounted to AED268.6 billion by the end of June 2023, according to the latest statistics from …
Financial, realty blue chips continue to drive UAE stock markets
The UAE stock markets Thursday continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital’s bourse, with …
PlutoPad Presents: Rover Finance, A New Dawn In DeFi
ZEX MEDIA, Today marks a monumental day in the DeFi space as PlutoPad unveils its inaugural project, Rover Finance. This groundbreaking platform is poised to redefine how crypto-centric …
IATF2023 roadshow highlights investment avenues for UAE firms
The UAE is one of the main trade partners of Africa and the economic relations between the two sides have shown remarkable growth in the recent past.
Russia’s Top Miner Plans to Move Some Trading to Dubai
The company, the world’s biggest refined nickel producer and palladium miner, was incorporated under the name Greenwich Holdings Limited within Dubai’s financial district in December 2022 according to …
UAE Partners with Mastercard to Drive AI Adoption for Digital Advancement
The UAE’s commitment to advancing artificial intelligence (AI) received a significant boost as the Artificial Intelligence, Digital Economy, and Remote Work Applications Office joined forces with …
Dubai’s luxury home prices sizzle while Hong Kong’s fizzle amid supply glut, high interest rates: Knight Frank
Tokyo occupies second place and Manila is third in a quarterly ranking compiled by the property consultancy, while Hong Kong falls one spot to 35th on the list.
UAE savings: Now you can buy National Bonds directly from noqodi
Buying savings bonds in the UAE will be easier than ever, thanks to a partnership between two leading financial firms. National Bonds has signed an agreement with fintech firm noqodi to offer new …
Saudi Arabia’s Milling Company 3 picks HSBC to advise on 2024 IPO -sources
Saudi Arabia’s Milling Company 3 (MC3) has appointed HSBC to manage its planned initial public offering (IPO) next year, two sources familiar with the matter said.
UAE’s third auction of Islamic treasury bonds in 2023 oversubscribed 5.5 times
The third auction of the UAE’s dirham-denominated treasury sukuk for the year was oversubscribed by 5.5 times, receiving bids worth Dh6 billion ($1.63 billion), the Ministry of Finance said on …
UAE’s Burjeel Holdings in advanced stages to enter Saudi Arabia: CEO
Burjeel Holdings Group’s CEO John Sunil UAE-based hospital operator Burjeel Holdings Group’s outlook for the company is positive for the rema …
UAE: Third Islamic Treasury Sukuk auction achieves exceptional results
The UAE, represented by the Ministry of Finance (MoF), as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third …
Dubai Customs launches social initiative for laborers
Rashid Al Sharid, Executive Director of Administration and Finance Division at Dubai Customs, affirmed their commitment to collaborating with external partners to implement top-tier practices in …
100 Days To Go: Abu Dhabi Finance Week’s 2023 Edition Expects Leadership of 3500+ Top Financial Firms from Over 100 Countries
Abu Dhabi [UAE], August 22: The second edition of Abu Dhabi Finance Week (ADFW) which is set to run from 27thto 30thNovember 2023 unveiled thought-provoking details on its theme of ‘Investing in the …
Dubai logs over AED2.8bn in realty transactions Tuesday
Dubai’s real estate market recorded 578 sales transactions worth AED2.1 billion on Tuesday, in addition to 132 mortgage deals totalling AED702.33 million, and 12 gift deals amounting to AED19 million, …