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 …
UAE committee meets to discuss draft general budget for fiscal 2024
The UAE General Budget Committee met on Wednesday to discuss the draft general budget of the Emirates for fiscal year 2024, Dubai Media Office said.It was the ninth meeting of the General Budget …
General Budget Committee’s ninth meeting discusses UAE’s draft general budget for 2024 fiscal year
In the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum …
UAE banking sector sees AED263 billion in savings deposits until March 2023
Savings Deposits in the banking sector in the UAE, excluding interbank deposits, exceeded AED263 billion at the end of March 2023, according to the latest statistics from the UAE Central Bank.The …
UAE: Residents can soon remit through mobile apps from multiple bank accounts
Exchange houses are looking forward to an internal payment system which will enable instant transfer of funds from several bank accounts through a single app …
UAE exchange houses to start accepting cryptos once regulations are out
Money exchange companies in the UAE will start accepting cryptocurrencies once the regulations are out by the UAE Central Bank, said Adeeb Ahamed, vice-cha..
UAE: Budget Committee discusses draft general budget for the 2024 fiscal year
The meeting was also attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Khalid Mohammed Salem Balama Al …
Al Ansari Exchange to open 15 new branches by the end of year
It increases the number of physical branches in the UAE to 246 branches and the company aims to reach 300 physical locations within the next five years Al Ansari Exchange to open 15 new branches by …
UAE banking sector sees $71.6bln in savings deposits until March 2023
Savings Deposits in the banking sector in the UAE, excluding interbank deposits, exceeded AED263 billion at the end of March 2023, according to the latest statistics from the UAE Central Bank.
Commercial Bank of Dubai raises $500mln in inaugural green bond issuance
CBD successfully raises $500 million through its inaugural green bond issuance, highlighting its commitment to sustainable finance …
The GPSSA announces the launch of its new pension platform “MA’ASHI” to UAE-based entities
Abu Dhabi – As part of its digital transformation implementation plan, the General Pension and Social Security Authority (GPSSA) will soon launch a new pension platform known as “MA’ASHI” for …
UAE holds talks with Russia on double taxation avoidance deal
The UAE’s negotiations team was headed by Younis Al Khoori, undersecretary of the Ministry of Finance, along with representatives from the Abu Dhabi Investment Authority and Mubadala Investment …