Defence conglomerate Edge revealed a line-up of 11 new unmanned and autonomous products and systems during the opening day of the International Defence Exhibition and Conference (Idex 2023), in line …
Global consultancy Synpulse’s new Dubai office to serve as Middle East hub
Global financial services consultancy Synpulse has opened its office in Dubai to provide onshore support to its growing number of clients and serve as a hub for the Middle East. Dubai’s goal to become …
HNWIs inflow to help boost UAE financial wealth to $1trln by 2026
UAE has emerged as an attractive destination for HNWIs following its successful strategy against the Covid-19 pandemic, latest data shows …
UAE finance sector stakeholders explore latest financial reporting standards and market trends at Deloitte event
February 2023: Deloitte hosted an event at the Ritz Carlton DIFC, to discuss “IFRS updates and emerging trends in the United Arab Emirates”. The event was attended by key stakeholders, including …
UAE diplomacy guides response to Syrian, Palestinian crises
UAE steps up on Syria. On Tuesday UAE President Sheikh Mohammed bin Zayed Al Nahyan (MBZ) announced $100 million in aid to Turkey and Syria, setting the bar for international assi …
South Africa’s chief climate finance negotiator quits, takes on UAE COP 28 role
Zaheer Fakir, South Africa’s chief for climate talks, has resigned to take up a new role as Senior Advisor to United Arab Emirates’ COP28 team. This will now be a vital position to fill as South …
LOOK: 5 most luxurious hotels in Dubai worth every single penny
Luxury comes at a cost. So when it comes to these luxury stays, how much are you willing to pay for the best of the best?
U.S. crypto crackdown boosts appeal of friendlier overseas hubs
A spate of crypto probes in the U.S. is prompting battered digital-asset firms to look toward financial hubs overseas, clouding the country’s position as a cornerstone of the industry.
Rich Dubai housewife gets mad for getting £16,000 as Valentine’s gift
Heard of someone who got mad because she got money on Valentine’s Day? If you haven’t, then here’s one rich Dubai housewife who, after receiving a £16,000 gift from her boyfriend, got furious and …
Saudi wealth fund becomes biggest outside Nintendo investor
A Saudi sovereign wealth fund now holds 8.26% of the stock in the video game maker Nintendo, making it the largest outside investor in the Japanese gaming company, a company filing said Friday.
Dubai leads in Islamic finance with new Shariah hedge fund index
today announced the Dubai Shariah Hedge Fund Index, the first internationally-recognised index comprised exclusively of Shariah compliant hedge funds. The Dubai Shariah Hedge Fund Index will be …
UAE: Gross Takaful written subscriptions reaches Dh4.35 billion in 2021
In 2021, the gross subscriptions written by all Takaful insurance companies operating in the UAE totalled Dh4.35 billion, a UAE Central Bank report showed on Friday. This represents a growth rate of 0 …
UAE’s Edge buys majority stake in Gradeone to expand its portfolio
In June 2022, the UAE Ministry of Industry and Advanced Technology, the Emirates Development Bank and Edge Group signed an agreement to boost manufacturing in the defence sector. Under the agreement, …
Finance Minister expresses desire to cement Pak-UAE economic ties
Finance Minister Ishaq Dar has expressed the desire to strengthen the existing economic ties with the UAE to a next level. Talking to Chief Executive Officer of International Holding Company Syed …
India’s exports to UAE may cross USD 31 billion this fiscal
The country’s exports to the UAE, with which India has implemented a free trade agreement on May 1 last year, is expected to cross USD 31 billion during the current fiscal on account of healthy demand …
Lebanon’s finance minister says difficult to replace cbank head Salameh
Lebanese Finance Minister Youssef Khalil said replacing central bank governor Riad Salameh, who has held the job for three decades, would be difficult and that his term may be extended though no …
UAE: Gross subscriptions reach $1.18bln for Takaful insurance in 2021
The Central Bank of the UAE (CBUAE) has released a comprehensive report on the Takaful insurance sector in the UAE, with the aim of developing this critical industry and enhancing the country’s …