This certification is an acknowledgment of the company’s commitment to providing its merchants with the highest level of security …
Five key trends shaping the financial services sector in 2023
Increasing demand for hedge funds, Middle East IPO boom, strengthening family businesses, emergence of Dubai as a slobal fintech capital, and accelerating climate finance in the UAE Five key trends …
UAE banks record Dhs246.6bn in saving deposits by end of Nov 2022
UAE banks’ saving deposits increased during the first11 of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021 …
‘New wave’ of Chinese investors set to return to Dubai property market
The company handled more than Dh64 million in Dubai property sales to Chinese buyers so far this month and said this barely “scratched the surface” of transactions expected. In 2018, the Chinese were …
Dubai aims to surpass 2022 IPO performance this year
Image Credit: Ahmed Ramzan/Gulf News Dubai: The UAE’s pipeline for initial public offerings got off to a strong start on Monday, the opening day of the MENA IPO Summit, where government entities …
UAE fintech Wafeq raises USD3M to strengthen its Saudi attendance, grow in Egypt
Wafeq, a UAE-located economic software firm for small and medium enterprises, collected USD3 million in a seed investing round ruled by Raed Ventures …
Beyoncé, a $100,000-a-night suite and a red carpet of influencers: Dubai basks in its booming economy
Beyoncé was performing her first live concert in more than four years at a private event for the opening of Atlantis The Royal, a $1.4 billion luxury hotel.
UAE’s real estate sector to remain resilient in 2023, says report
Despite macroeconomic volatilities impacting the global real estate landscape, the UAE has witnessed strong momentum in the last quarter of 2022, signaling a steady growth pipeline in 2023, according …
UAE stock markets poised for another stellar year
The UAE stock markets were the second-best performing stock market in 2022, and the best in US dollar terms with a gain of 37 per cent, recent research sho..
Dh246.6b saving deposits in UAE banks by end of November 2022
At the end of November of last year, saving deposits in the UAE banking system, excluding interbank deposits, grew to Dh246.61 billion, a growth of approximately Dh7.21 billion, or 3 per cent, from …
Build-to-rent property fund raises $212mln from US, European and local Dubai investors
The fund focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal. $212 million was raised, with 35 per cent originating from North America, 37 per cent from Europe …
AED246.6 bn saving deposits in UAE banks by end of November 2022
At the end of November of last year, saving deposits in the UAE banking system, excluding interbank deposits, increased to AED246.61 billion, a growth of approximately AED7.21 billion, or 3 percent, …
Dubai announces road closures
Affected roads on January 27&28, 5:00 PM-12:00 AM midnight, coinciding with the Coca-Cola Arena events: -Al Safa St. – Al Badaa St. – Sheikh Zayed Rd. at the intersection with the Financial Centre St.
DWF Adds Former Banking GC to Dubai Office
The new partner did stints with J.P. Morgan, Nomura Securities and Lehman Brothers before becoming general counsel at the British Arab Commercial Bank in London.
Elite Downtown Residence: a brand new project overview in Dubai
Elite Downtown Residence is an off-plan real estate in Dubai consisting of a 29-storey housing estate right in the heart of the metropolis, also known as Downtown. The complex is attractive for …
Dubai records over $517mln in realty transactions on Thursday
DUBAI: Dubai real estate market recorded 542 sales transactions worth AED1.57 billion, in addition to 95 mortgage deals of AED259.78 million, and 13 gift deals amounting to AED104.98 million on …
Dubai Investments acquires 9% stake in UK-based digital bank
Dubai Investments, a Dubai-listed entity, has acquired 9 per cent of Monument Bank Limited, a UK-based digital lender. Dubai Investments acquires a 9% equity stake in Monument Bank Limited, a UK Based …