In a move that would create some much-needed room for Pakistan’s cramped fiscal space, the Abu Dhabi Fund for Development (ADFD) on Thursday rolled over their deposit of USD 2 billion with the State …
UAE Rolls Over $2 Billion Loan to Pakistan
Finance Minister Ishaq Dar announced on Wednesday that the Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $2 billion with the …
Dubai: UBS hires Credit Suisse bankers to target wealthy Indians
UBS in Dubai is hiring a group of private bankers from rival Credit Suisse Dubai: UBS hires Credit Suisse bankers to target wealthy Indians Credit Suisse, UBS Banking & Finance …
Dubai records over $1.79bln in realty transactions on Wednesday
The mortgages included 80 villas and apartments worth AED5.12 billion and 15 land plots valued at AED106.71 million, bringing the total realty transactions of today to over AED6.6 billion. Disclaimer: …
UAE fiscal balance to remain in surplus with oil at $75: Moody’s
Fiscal balances of the UAE and Qatar will remain in surplus under an average … “Higher hydrocarbon revenue will also provide ample financial resources to support economic diversification projects …
UAE participates in G20 Finance Track’s meeting
The G20 members, invited countries, and international organisations such as the International Finance Corporation (IFC) also attended the meeting …
UBS Dubai Taps Credit Suisse Bankers to Target Wealthy Indians
UBS Group AG in Dubai is hiring a group of private bankers from rival Credit Suisse Group AG as the Swiss lender continues to expand its Gulf business that caters to India’s wealthy diaspora.
Dubai real estate market records property deals worth AED1.7bn on Tuesday
The property deals on Tuesday included 517 sales transactions worth AED1.12 billion, 81 mortgage deals of AED538.23 million and 10 gift deals amounting to AED92.48 million Dubai real estate market …
UAE Central Bank releases new rules to stop money laundering
The UAE Central Bank has released new rules for licensed economic organizations, as well as banks, finance businesses, exchange houses and insurance …
GCCs IPO pipeline remains strong this year
The pipeline looks very strong as both governments and private companies are keen to sell equity while there is strong interest in the region …
UAE Ministry of Finance signs MoU with DFZC on exchange of information
Under this MoU, DFZC will provide the necessary tax information to the Ministry of Finance UAE Ministry of Finance signs MoU with DFZC on exchange of information Dubai, Dubai Free Zones Council, …
Fidelity Bank rewards outstanding agents in ‘Yenko Dubai’ promo
The largest privately-owned bank and pioneer of Agency Banking, Fidelity Bank Ghana has recently rewarded the winners of its maiden Agents promotion campaign dubbed Yenko Dubai.
Dubai Financial Market-listed companies dazzle the Big Apple in a roadshow
A two-day international roadshow, organised by DFM and Bank of America, witnessed 35 institutions conduct 82 meetings with the 10 Dubai companies Dubai Financial Market-listed companies dazzle the Big …
UAE Ministry of Finance signs MoU with Dubai Free Zones Council
The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with the Dubai Free Zones Council (DFZC) on the exchange of information for tax pu..
UAE: Ministry of Finance, Dubai Free Zones Council to share information for tax purposes
The MoU, signed today in Dubai, aligns with the regulations and standards adopted by the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).
UAE mortgage refinance in 2023: 3 out of 4 homeowners on variable rates went for a remortgage in Q4 2022 in the UAE
In order to tame the growing inflation, the UAE Central Bank (following the FED) has increased its EIBOR (in other words: the UAE Interbank rate) by 4.5% in a 12-month period, which made it the …
Dubai records over $599mln in realty transactions Monday
DUBAI – Dubai real estate market recorded 425 sales transactions worth AED1.23 billion, in addition to 114 mortgage deals of AED965.96 million, and 17 gift deals amounting to AED72.5 million on Monday …