Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021.
Dubai’s DGCX sees16% rise in volume of trades in 2022, total value touches $162bn
DGCX reporting a 78 per cent increase in the volume of gold contracts traded on the exchange compared to the previous year …
Dubai Land Department issues 9,047 permits, 6,479 licences
The Dubai Land Department issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6% and 53% respectively from 2021, according to statistics released by the …
The first edition of the MENA IPO Summit – Dubai 2023 announces successful conclusion and notable outcomes from the global IPO community
Dubai’s first edition of the MENA IPO Summit was hosted by DFM between 23rd and 25th January 2023, in partnership with Dubai World Trade Centre (DWTC). The 3-day event brought together global industry …
Big surge in DLD licences reflects Dubai’s investor appeal
DLD issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6 per cent and 53 per cent, respectively, from 2021 …
UAE real estate defied global trends to have stellar year in 2022
where two notable sectors of demand have been the traditional and alternative finance sectors. Dubai continues to see a significant amount of retail demand originating from the food and beverage …
UAE banks beat 2022 forecasts as economy booms
Profit at First Abu Dhabi Bank rose 7% year-on-year The UAE’s two biggest banks have posted a jump in annual profit, topping estimates, after the country’s strong economic growth helped to drive an …
Dubai’s Emirates NBD 2022 net profit at Dh13b, up by an eye-catching 40%
In final quarter of ’22, Dubai bank’s profit tally gained 94% to Dh3.9b Dubai: the biggest bank in Dubai, Emirates NBD profits for 2022 shot up 40 per cent to Dh13 billion, which reflects ‘resilience’ …
UAE mega-bank FAB hits record net profit of Dh13.4b in 2022; dividend set at 52 fils a share
Image Credit: Clint Egbert/Gulf News Dubai: UAE’s biggest bank FAB closed 2022 with a staggering net profit of Dh13.4 billion, and for which the management has proposed a 52 per cent dividend (which …
Bitcoin options exchange Deribit looks to relocate to Dubai
DERIBIT, the world’s biggest Bitcoin and Ether options exchange, is making plans to relocate to Dubai as soon as the third quarter if authorities in the crypto-friendly emirate provide more clarity on …
UAE bank investments hit 13-month high of $139bn
UAE bank investments exceeded AED511bn ($139bn) at the end of November 2022, according to the latest statistics of the Central Bank of the UAE (CBUAE). UAE bank investments exceeded AED511bn ($139bn) …
Summit discusses challenges and opportunities of the IPO sector
Dubai’s first edition of the Mena IPO Summit was hosted by Dubai Financial Market between Jan.23rd and 25th, 2023, in partnership with Dubai World Trade Centre (DWTC). The three-day event brought …
Dubai records over $408mln in realty transactions Wednesday
On Wednesday, the Dubai real estate market recorded 494 sales transactions worth AED1.34 billion, 84 mortgage deals worth AED186.59 million, and 16 gift deals worth AED17.73 million, according to data …
Major Dubai residential districts readied for handover in early 2023
Deyaar Development announces completion date for Mesk and Noor districts in Dubai Major Dubai residential districts readied for handover in early 2023 Deyaar Development, Midtown Dubai Real Estate …
UAE banks’ investments touch Dh511 billion in November 2022, highest in 13 months
Central Bank data showed. Image Credit: WAM Abu Dhabi: The investments of banks operating in the UAE exceeded Dh511 billion at the end of November 2022, the highest level in 13 months and a 7.7 per …
UAE banks’ investments totalled $139bln in November 2022, highest in 13 months
ABU DHABI – The investments of banks operating in the UAE exceeded AED511 billion at the end of November 2022, the highest level in 13 months, according to the latest statistics of the Central Bank of …
First Edition Of MENA IPO Summit- Dubai 2023 Concludes
DUBAI, 25th January, 2023 (WAM) — Dubai’s first edition of the MENA IPO Summit was hosted by DFM between 23rd and 25th January 2023, in partn …