financial telecommunications to benefit from the agreements on both sides,” Zeyoudi added. The signing of the agreement had taken place earlier in Georgia’s capital Tblisi during a UAE delegation’s …
UAE: IMF revises growth forecast for the Emirates for 2023, 2024
The International Monetary Fund (IMF) on Tuesday revised down the UAE’s growth forecast for this year but upgraded for the next …
Mastercard and Zywa launch financial literacy roadshow to transform finance management for youth in the UAE
Mastercard has collaborated with Zywa, the first payments app in the Midde East and North Africa (MENA) that is exclusively tailored for Gen Z, to host a financial literacy roadshow at some of the …
New economic corridor places UAE and Saudi Arabia at the centre of the new world order
The India-Middle East-Europe Economic Corridor (IMEC), announced last month during the G20 summit in New Delhi, underlines a shift in global trade centres, with Asia, Africa and the Middle East set to …
The UAE Stock Market Sees Massive Liquidity Surge of Over AED 1.7 Billion
Recent developments in the UAE’s financial market have drawn attention to a significant surge in liquidity. Over AED 1.7 billion has been injected into local stock markets, with ‘Al Alameya Holding’ …
National Bank of Fujairah partners with Malabar Gold & Diamonds as sponsor for its annual Fujairah Run
National Bank of Fujairah PJSC (NBF) has secured sponsorship from Malabar Gold & Diamonds for its annual Fujairah Run for the fifth consecutive year, significantly enhancing and strengthening the …
Online-tasks scam: Dubai-Gujarat link emerges
The authorities have come across a case wherein people travelling to Dubai on tourist visas have been involved in cyber fraud activities in India. The North Cyber Cell recently apprehended four …
Dubai sets up platform to enable public to report economic crimes
(Web Desk) – Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Border Security Council, launched a platform to enable the public to report economic crimes.
UAE: Sharjah Ruler receives CBUAE Governor and EIF’s BoD
Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received, on Monday, morning, Khalid Muhammad Al Amma, Governor of the Central Bank of the UAE (CBUAE), and …
The UAE Participates In World Bank And IMF Meetings In Marrakech
The world needs to join forces to establish solutions for developmental needs.
Boursa Kuwait and HSBC organize initiative to host “Asset Managers Day” in Dubai
Boursa Kuwait collaborated with HSBC, the multinational British investment bank and one of the largest investment banks in Europe, to host an “Asset Managers Day” for representatives from licensed …
UAE Cabinet allocates 2024 budget with estimated expenses of $17.4bn
The UAE Cabinet on Monday allocated a budget for 2024 with total estimated expenses amounting to Dh64 billion ($17.4 billion), as it approved the country’s Dh192 billion federal budget for 2024 to …
Big demand surge fuels Dubai’s off-plan market
The outlook for Dubai’s off-plan market is promising, having witnessed a notable surge in interest from investors and end-users, property market consultants said. With a 40 per cent to 60 per cent …
OYO in talks with Apollo to refinance $660m loan before IPO
India: Indian hospitality unicorn OYO is in talks with private equity firm Apollo Global Management to refinance a $660 million loan as the chain aims to reduce its debt in preparation for its initial …
Rupay goes international; UAE to use the tech for creating domestic card network
NPCI International announced a strategic partnership with Al Etihad Payments (AEP) to advance the development of the UAE’s first national Domestic Card Scheme …
UAE announces $52.3bn budget plan
The UAE has announced the federal budget for 2024-2026 as it looks to set spending for the years ahead. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, …
Al Salam Bank Wins ‘MENA Retail Bank of the Year Award’
Al Salam Bank has been named the ‘MENA Retail Bank of the Year’ for 2023, recognizing the Bank as one of the region’s leading financial institutions. Th …