The UAE government has expanded the salary support it offers to Emiratis hired in the private and banking sectors. This will boost the government’s campaign to integrate locals into the private sector …
UAE and Africa to strengthen non-oil trade and investments
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and African Trade Insurance Agency (ATI) signed a reciprocal reinsurance agreement to strengthen trade ties and boost exports …
UAE announces first eye donation transplant bank
The UAE has announced it will open the country’s first eye bank in Abu Dhabi. Partnering with a leading US medical firm, Abu Dhabi’s Department of Health will create a facility which will import and …
UAE firms best Q3 performers in GCC
Abu Dhabi-listed companies showed the biggest y-o-y profitability improvement during Q3 with net profits almost doubling to $9.1 billion as compared to $ 4.7 billion Q3-2021 …
UAE banks outperform lenders in US and emerging markets, EFG Hermes says
Provided by The National Emirates NBD is among top banking picks for EFG Hermes. Ravindranath K / The National . Share prices of major UAE lenders have outperformed banks in th …
UAE to have first Eye and Tissue Bank
Abu Dhabi to serve as an importer for corneas and other eye-related tissues into the region. This is apart from integrating the eye and tissue banking programme into the UAE’s National Programme for …
Dubai hits $517 million in real estate transactions on Tuesday
The Dubai real estate market recorded transactions worth $517 million (AED1.9 billion) on Monday, according to data from the Dubai Land Department.
Dubai’s DIFC launches first residential offering, a live-work-play destination
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) is now blending aspects of life and work with the launch of DIFC …
Swiss digital asset bank Sygnum secures in-principle approval to operate in Abu Dhabi
Switzerland’s digital asset bank Sygnum has received an in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) to expand its operations in the UAE …
UAE’s restless talent seeking packages that go beyond salary as majority look to change jobs, Zurich survey finds
UAE employees have either changed job in past 12 months or plan to in next 12 months 52% of employers report facing a talent shortage, according to survey conducted with YouGov Employers must act now …
Dubai Islamic Bank successfully prices $750mln inaugural Sustainable Sukuk
Dubai: Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch successfully priced its inaugural Sustainable Sukuk – a landmark USD 750 million 5-year senior issue with a profit rate of 5.
Dubai’s DIB raises $750m from debut sustainable sukuk issue
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, has raised $750 million through the sale of its debut sustainable sukuk as it diversifies its financing base. DIB priced the …
Dubai: No impact of interest rate hike on property market, say industry executives
The increase in mortgage rates has not dented demand for properties in Dubai as only one-quarter of investors are opting for mortgages. Local real estate industry executives noted that mortgage rates …
Al Maryah Community Bank wins the “Best Neo Bank” award in the Middle East
The winners were selected according to the highest standards of efficiency and innovation based on the evaluation by a panel of experts specialized in financial and banking products and services …
COP28 will be the UAE’s most important event in 2023: Sheikh Mohammed
UAE was the first country in the region to ratify the Paris Agreement and to announce a strategic initiative to achieve Net Zero by 2050, said Dr Al Jaber …
Beware deterioration in asset quality as Gulf IPO boom continues
Saudi Arabia and the UAE have shown impressive progress developing their equity capital markets this year, but deteriorating asset quality is a worry for Middle East IPO bankers …
Citigroup builds up investment banking team in Middle East to tap hot IPO market (updated)
Citigroup (C) bulking up its investment banking operations in the United Arab Emirates and Saudi Arabia, as it seeks to profit from surging growth in the Gulf market for …