The Dubai International Financial Centre has increased its contribution to the emirate’s and the UAE’s economy in 2022, and is set to attract more finance-related foreign direct investment to Dubai …
Money Flows Into UAE (Technical Analysis)
The UAE stock market is poised to outperform the US S&P 500, especially on a relative basis as it is showing strong relative strength. Find out why the ETF is a Buy.
TCS-empowered UAE bank wins IBS Intelligence Global NeoChallenger Bank award
Through an exchange filing, leading IT firm Tata Consultancy Services (TCS) has announced that its client Al Maryah Community Bank has won the IBS Intelligence Global NeoChallenger Bank award in the …
Breinrock Announces the Opening of New Office in Dubai
Breinrock, a global premium brand offering a portfolio of fintech payment solutions, announced today the opening of its new office in Dubai, at the Dubai International Financial Centre (DIFC) – one of …
UAE more proactive in its approach to digital asset regulation
The UAE has been more proactive in its approach to digital asset regulation, working on a framework that will specifically address cryptocurrencies.
Emirates Development Bank named Best Micro Finance Bank in the Middle East by 2022 Global Banking & Finance Awards
Further showcasing EDB’s continuous efforts towards the UAE’s economic development and its support for empowering mSMEs …
UAE banks’ credit fundamentals strong for 2023
Analysts at Fitch expect impairment charges to “fall further on the supportive macroeconomic backdrop and recovering real estate prices, and capital buffers will remain adequate.” …
UAE participates in G20 Finance Track meetings
Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023, which is focused on key global economic issues and the impacts of high f …
UAE: Central Bank issues commemorative coins to mark American University of Sharjah’s silver jubilee
The Central Bank of the UAE (CBUAE), in collaboration with American University of Sharjah (AUS), issued 1,000 commemorative silver coins to celebrate the s..
UAE firms eye $855m stake in Israeli finance firm
UAE funds led by ADQ are in talks to buy a stake worth about $855m in Israeli financial services firm Phoenix Group UAE firms eye $855m stake in Israeli finance firm Israel, Israel-UAE deal Banking & …
Dubai real estate: $479m of property deals on Thursday
Dubai property sector continues to see massive demand and high volume of sales Dubai real estate: $479m of property deals on Thursday Real Estate …
Dubai records over $462.87mln in realty transactions Thursday
DUBAI – Dubai real estate market recorded 468 sales transactions worth AED1.39 billion, in addition to 84 mortgage deals of AED259.89 million, and 65 gift deals amounting to AED109.6 million on …
The UAE participates in the first G20 Finance and Central Bank Deputies Meeting
The meeting sought to discuss the G20 priorities set by the Indian presidency and the Finance Track agenda for 2023 …
UAE bank investments grow marginally to $131.6bn in Sept
On a nine-month basis from January this year, the bank investments increased 2.13 percent or by AED10.1 billion, according to data released by the Central Bank of UAE UAE bank investments grow …
UAE central bank plans to raise Emiratisation in banking sector by 45%
CBUAE sets out to implement ambitious initiatives in financial infrastructure transformation and national payment systems …
Central Bank of UAE follows Fed to raise base rate by 50 bps
The Central Bank of the United Arab Emirates said on Wednesday it was increasing its base rate by 50 basis points to 4.4% effective on Thursday, moving with the U.S. Federal Reserve’s hike.
UAE Central Bank follows Fed move to hike interest rates by 0.5%
CBUAE maintains interest rate applicable to borrowing short-term liquidity from the regulator through all standing credit facilities at 50bps above the base rate …