Aggregate capital and reserves of banks operating in the UAE increased by 8.5% (y-o-y) to AED 438.6 billion at the end of January 2023 from AED 404.3 billion at the end of January 2022, according to …
UPDATE 1-UAE bank ADCB reports record profit in Q1, up 27%
Abu Dhabi Commercial Bank , the UAE’s third-biggest lender, reported a 27% rise in first-quarter net profit, boosted by higher net interest and non-interest income. The bank reported a record net …
Dubai logs over AED1.8bn in realty transactions Monday
Dubai’s real estate market recorded 496 sales transactions worth AED1.67 billion on Monday, in addition to 107 mortgage deals totalling AED169.05 million, and 13 gift deals amounting to AED32.08 …
Dubai FinTech Summit Dialogues examine financial sector challenges
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, hosted the second Dubai FinTech Summit (DFS) Dialogues …
Aggregate capital and reserves of banks operating in UAE up 8.5% to AED 438.6 bn at end of January 2023: CBUAE
Aggregate capital and reserves of banks operating in the UAE increased by 8.5% (y-o-y) to AED 438.6 billion at the end of January 2023 from AED 404.3 billion at the end of January 2022, according to …
UAE explores cooperation with global financial organisattions
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, held bilateral meetings with a number of senior officials from international financial organisations …
Dubai raises social funding for people with disabilities by 60%
The project will also finance assistive devices and technologies, repair of vehicles, transportation and the costs of ensuring workplaces are equipped with facilities for people with disabilities, …
UAE authorities share money-saving tips
UAE authorities have shared tips to help residents and citizens … which is different than saving some money in a bank account. Finally, it is of pivotal importance to set aside an emergency amount …
Minister sees inflation easing as UAE’s outlook remains robust
Dubai saw its annual inflation rate rising to 4.9 per cent … driven by an increase in prices of restaurants and accommodation services and insurance and financial services which went up by 4.47 per …
Dubai’s financial hub unravels tales of creativity by local, international artists
“Over the years, DIFC has established itself as a leading art hub, and bringing back the DIFC Sculpture Park for a second year reaffirms our commitment to supporting Dubai’s art and culture vision,” …
UAE bank ADCB quarterly net profit up 27%
Abu Dhabi Commercial Bank , the UAE’s third-biggest lender, reported a 27% rise in first-quarter net profit, boosted by higher net interest and non interest income.
ADCB, Al Hilal Bank brings UK digital banking to UAE nationals
Nomo is part of BLME, a subsidiary of Boubyan Bank, and was set up to bring high-quality, Shari’ah-compliant digital banking to non-UK residents in the Middle East ADCB, Al Hilal Bank brings UK …
UAE residents can now send money to and from the UK with no fees
So, if you’re a customer in the UAE, you can now open a UK-based multi-currency current or savings account. You can also apply for UK home financing from your smartphone using the ADCB-Nomo and Al …
Fire in Dubai kills 16, injures nine in apartment
A fire swept through an apartment building in an older neighbourhood of Dubai in the United Arab Emirates, killing at least 16 people and injuring another nine, authorities said Sunday. At least four …
ADCB and Al Hilal Bank signdeal with BLME
ADCB and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced an innovative new partnership with Bank of London and the Middle East (BLME) …
UAE participates in MENAP Finance Ministers and Central Bank Governors Meeting
The United Arab Emirates, represented by the Ministry of Finance, participated in the meeting of finance ministers, central bank governors, and heads of regional financial institutions in the Middle …
UAE participates in International Monetary and Financial Committee meeting
The meeting discussed the latest developments in the international monetary and financial system, and ways to achieve stability and global economic recovery.