Dubai Financial Market Company has announced its consolidated results for the fiscal year ending on December 41, 2024, highlighting a 24 per cent increase in net profit (pre-tax) to AED409.3m ($111.4m …
Dubai Financial Market achieves total revenues of AED632.3 million in 2024
Dubai Financial Market Company today announced its consolidated results for the fiscal year ending on 31st December 2024, highlighting a 24 percent increase in net profit (pre-tax) to AED409.3 million …
Nasdaq Dubai welcomes Middle East’s first $100 million Blue Bond listing by DP World
Nasdaq Dubai welcomed Middle East and North Africa’s first corporate Blue Bond listing of US$100 million by DP World, a leading provider of global end-to-end supply chain solutions.Issued under DP …
Maktoum Bin Mohammed discusses boosting UAE’s financial sustainability
His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, chaired a meeting …
DFSA co-leads report on AI’s impact in financial services
The report, prepared alongside UK’s FCA, provides key insights on the use of consumer-facing AI in global financial services …
Property Buyers In Dubai Will Have To Pay 6% Higher Upfront From February 1
Effective February 1, property buyers in Dubai seeking a mortgage will no longer be able to finance the 4% fees from the DLD and the 2% brokerage fees.
Does Nice One’s IPO set a benchmark for beauty and e-commerce deals in the GCC?
Nadine Nassar, Counsel at the law firm Baker McKenzie, Saudi Arabia, which advised the online beauty retailer on its IPO, said its success was a strong indicator that the beauty, lifestyle and …
UAE Central Bank maintains interest rates unchanged at 4.40%
This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances unchanged …
Shares of Dubai’s Emirates NBD set for worst day in 5 years after flat quarterly earnings
Emirates NBD , Dubai’s biggest bank by assets, reported a flat fourth-quarter net profit, slightly missing estimates as investments to “drive future growth” offset higher income and lower impairment …
UAE banking sector assets surge to Dh4.46 trillion
The UAE banking sector, the largest in the Middle East, recorded a big surge in assets in 2024, reaching Dh4.457 trillion at the end of November 2024, comp..
NAV Capital Launches First India-Focused AIF Fund to Raise Rs 500 Crore
NAV Capital, a Dubai-based wealth management firm, announced a new India-focused AIF Fund aiming to raise Rs 500 crore. The fund targets pre-IPO investments in high-growth sectors and SMEs in India.
A look back at a record-breaking iFX EXPO Dubai 2025
On the 14th of January, iFX EXPO Dubai 2025, MENA’s #1 online trading industry event, kicked-off its remarkable 2+ days of FX & Fintech showcases. Global industry leaders gathered to build lasting …
Emirates Development Bank receives prestigious Great Place to Work certification
Mohammed Al Shair, Executive Chairman of Great Place to Work® Middle East, said: “We are thrilled to celebrate Emirates Development Bank for being Great Place to Work® Middle East certified. The pride …
Dubai: New gratuity investment scheme launched to boost employees’ savings
Sukoon Workplace Savings Solutions Limited (SWSS), a subsidiary of Sukoon Insurance, has launched a capital-protected ‘Go Saver Employee Money Purchase Scheme’, which caters to companies and employees …
Dubai Rent Growth Slows in 2025 with Record Supply
The Dubai real estate market is expected to stabilise in 2025, with rent hikes slowing down significantly. This shift is largely attributed to an influx of new properties and the introduction of the …
Bonyan Plans IPO On EGX By End-February, Targeting EGP 5Bn In Investments
The offering will involve a sale of 49% of the company’s equity, combining both primary and secondary shares. Bonyan has enlisted CI Capital and Arqaam Capital as bookrunners, Mubasher as the offering …
UAE Ministry of Finance and CIPS partner to launch groundbreaking Diploma in Procurement and Supply
Practitioner level certification to enhance government procurement excellence, drive sustainability and support UAE’s Vision 2031 goals …