The Dubai International Financial Centre (DIFC) has launched the Dubai Financial Experts Program, with the aim of developing the next generation of …
DIFC launches Dubai Financial Experts Program to develop national leaders in financial services
The programme, designed to graduate Emirati leaders, is being delivered in collaboration with the Mohammed bin Rashid Center for Leadership Development (MBRCLD) …
UAE to invest billions to build AI data center in France
A few days ahead of the Artificial Intelligence Action Summit in Paris, the French presidency has announced the first of several expected financial initiatives related to AI. France’s Emmanuel Macron …
Veefin Group acquires UAE-based trade finance marketplace TradeAssets
Indian supply chain finance technology provider Veefin has acquired TradeAssets, a blockchain-powered e-marketplace for trade finance assets.
Al Salam Bank Net Profit Grows by 40% to Record Levels
Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders increasing by 39.8% to …
Al Salam Bank achieves a historic 40% surge in net profits
Manama, Bahrain – Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders …
Ercil to Shut $3 Billion Hedge Fund in Family Office Pivot
Alp Ercil is closing his $3 billion flagship hedge fund after a money-making 14-year run, and will convert his firm into a family office, according to a person familiar with the matter.
Dubai’s GDP expands by 3.1% in the first nine months of 2024 to reach AED339.4 billion
Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving Dubai’s GDP growthHelal Almarri: Dubai’s exceptional economic performance in the first nine months of …
Emirates Development Bank Champions Innovation at Sharjah Entrepreneurship Festival 2025
Sharjah, UAE – Emirates Development Bank (EDB) reaffirmed its commitment to fostering entrepreneurship and innovation by actively participating in the 8th edition of the Sharjah Entrepreneurship …
Alp Ercil to Shut His $3 Billion Hedge Fund, Open Family Office
Alp Ercil is closing his $3 billion flagship hedge fund after a money-making 14-year run, and will convert his firm into a family office, according to a person familiar with the matter.Ercil is …
Dubai’s GDP grows by 3.1% in first nine months of 2024 to reach Dh339 billion
The surge highlights significant strides across key sectors, with wholesale and retail trade being largest in terms of value …
UAE, Russia discuss boosting financial cooperation
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, met with Maxim Oreshkin, Deputy Head of the Presidential Administration of the Russian Federation, during an official visit to …
Dubai to construct well-being resort and interactive park in Zabeel Park
Dubai is set to develop Therme Dubai, a well-being resort and interactive park, with an estimated Dh2bn ($544m) of investment. Set to be developed within Zabeel Park, the initiative is a collaboration …
UAE’s non-oil foreign trade continued its upward trajectory, reaching AED3 trillion in 2024: Al Zeyoudi
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that the UAE’s non-oil foreign trade has continued its upward trajectory, reaching AED3 trillion in 2024, with a record …
UAE’s top bank FAB beats fourth-quarter estimates on revenue boost
First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender by assets, beat fourth-quarter profit estimates on Thursday, driven by a double-digit growth in operating income.
UAE’s biggest bank FAB posts 4% rise in FY 2024 net profit; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a 2024 net profit of 17.1 billion dirhams ($4.6 billion), 4% higher year-on-year (YoY) as a rise in operating income offset higher impairment …
First Abu Dhabi Bank reports Dhs17.1bn net profit for 2024
FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent …