Dubai’s main share index (.DFMGI) advanced 1.1%, snapping a three-day losing streak, lifted by solid gains in banking and property stocks. Emirates NBD Bank (ENBD.DU), Dubai’s largest lender, climbed …
Dubai-headquartered Eureeca to focus on building the first democratised digital investment bank
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UAE: Gold Prices Edge Up Dh1 Per Gram In Dubai
(MENAFN- Khaleej Times) Gold prices edged up in Dubai on Tuesday as the US dollar eased, although an improvement in risk appetite after efforts by regulators to contain worries over the global banking …
With Corporate Tax, UAE businesses still have time to mend wrong transaction entries
Image Credit: Vijith Pulikkal/Gulf News Taxation has been fairly new for UAE business owners … The anxiety about the forthcoming corporate tax is understandable. Finance personnel and business …
UAE economy to grow by 4.3% in 2024, Central Bank says
The UAE Central Bank expects the country’s economy to grow by 4.3 per cent in 2024 and has maintained its growth forecast of 3.9 per cent growth for the current year. The banking regulator projects …
UAE banking sector to remain stable in 2023 – KPMG
The UAE banking sector is expected to remain stable in 2023 after a 31% increase in net profits and 10.6% growth in assets in 2022, driven by strong growth in deposits, loans and advances, KPMG said …
Ramadan 2023: UAE President receives, exchanges greetings with Rulers of other emirates
Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah; Sheikh Ammar bin Humaid Al Nuaimi, Crown …
UAE central bank sees 4.3% economic growth in 2024 – state news agency
CAIRO, March 27 (Reuters) – The United Arab Emirates’ central bank expects the country’s gross domestic product (GDP) to increase by 4.3% in 2024, up from an estimated 3.9% this year, the UAE state …
Ramadan 2023: UAE President hosts Iftar for Rulers of other emirates, exchanges greetings
Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah; Sheikh Ammar bin Humaid Al Nuaimi, Crown …
Dubai: Gold prices edge down as dollar firms
Gold prices edged down in Dubai and globally on Monday morning as the US dollar firmed, while authorities around the world attempted to assuage investor fears of a widespread crisis in the global …
Saudi National Bank chair resigns after Credit Suisse storm
The chairman of Saudi National Bank has resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering. A filing on Monday on Riyadh’s Tadawul stock exchange …
UPDATE 1-Saudi National Bank appoints new chairman after Credit Suisse loss
Saudi National Bank , the largest shareholder in Credit Suisse before the bank’s rescue earlier this month, on Monday named a new chairman after the lender suffered significant losses on its …
UAE approves AED299m housing assistance for Emiratis
The funding was approved for house construction, completion, purchase, maintenance, and upgrades UAE approves AED299m housing assistance for Emiratis Emiratis, housing, housing loans, housing …
Why Goldman Sachs alumni are being hoovered up by elite hedge funds like Citadel and Millennium
The world’s top hedge funds, from Millennium to Citadel, are filling their ranks with Goldman Sachs alumni as they grow. We chart the migration.
UAE: Are gold, bonds best bets for investors amid global market turmoil?
Individual investors are urged to remain calm, evaluate their portfolio to understand the risk exposure and take a systematic approach to assess overall holdings …
Dubai’s 1 Billion meals campaign raises $67m in a week
Dubai’s 1 Billion Meals Endowment campaign raised AED247m (AED67m) in the first week. Dubai’s 1 Billion meals campaign raises $67m in a week 1 Billion Meals Endowment, Ramadan, Ramadan 2023, Sheikh Mo …
UAE strongly condemns Israel’s decision to allow resettlement, authorise new settlement in occupied Palestinian territories
Ministry of Foreign Affairs stressed the need to support all regional and international efforts to advance the peace process in the Middle East …