The UAE’s Ministry of Economy on Monday said it imposed administrative penalties on 225 companies with a total value of about Dh76.9 million this year to e..
Six major UAE banks dedicate Dh190 billion in green financing
S ix major UAE banks have collectively dedicated more than Dh190 billion ($51.8 billion) in green financing for various projects in renewable energy, waste-to-energy, and green technology by the end …
Dubai records over $765mln in realty transactions Monday
Dubai real estate market recorded 623 sales transactions worth AED2.43 billion, in addition to 112 mortgage deals of AED249.9 million, and 19 gift deals amounting to AED131.93 million on Monday, data …
India’s central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources told Reuters.
UAE says not flouting ally sanctions as its economy warms to Russia
The United Arab Emirates has said it is careful not to violate sanctions imposed by its Western allies on Russia over the war in Ukraine, after a Wall Street Journal (WSJ) report claimed the country …
UAE banks offer $52bn in green financing
The UAE Banks Federation (UBF) has revealed the success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE’s strategy to reduce emissions and …
Total of $51.7bln in green financing dedicated by 6 major UAE banks: UBF
UAE Banks Federation (UBF) revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE’s strategy to reduce emissions and …
UAE banking sector prioritises sustainable financing to support economic and social development
UAE Banks Federation (UBF), the sole representative and unified voice of banks in the UAE, revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking …
Commercial Bank of Dubai and PwC Middle East join forces
Ali Hosseini, Chief Digital Officer, Partner, PwC Middle East remarked, “PwC and the Commercial Bank of Dubai are joining forces to embed Generative AI deep within the financial sector. This …
Kuwaiti fintech MyFatoorah gets UAE central bank license
Kuwait-based fintech MyFatoorah has secured a license from the Central Bank of the UAE, becoming the first regional payments platform to receive six central bank licenses. The fintech has already …
Dubai property: The Russia factor
A major factor in the surge in Dubai’s property prices has been a huge influx of Russian investors into the sector, data shows.
Dubai Islamic Bank donates to Khalifa Foundation’s healthcare initiative
The fund will be used to purchase 77 physiotherapy equipments, which will be distributed to 15 medical centres …
UAE calls for more health finance
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Dr Maha Barakat, Assistant Minister of Foreign Affairs for Health, …
UAE participates in G20 Joint Health-Finance Ministers Meeting
M ohamed bin Hadi Al Hussaini, UAE’s Minister of State for Financial Affairs, and Dr. Maha Barakat, Assistant Minister of Foreign Affairs for Health, led the UAE’s delegation in the G20 Joint …
WHO chief thanks UAE’s Cop28 organisers for dedicating day to discussing health
The World Health Organisation director-general has praised the organisers of the Cop28 climate summit for giving a day over to discussing health issues. The global summit opens on November 30 at Dubai …
Dubai Islamic Bank donates AED 2.5 mn to Khalifa Foundation’s healthcare initiative
The fund will be used to purchase 77 physiotherapy equipment, which will be distributed to 15 medical centres.
Dubai Islamic Bank donates Dhs2.5m to Khalifa Foundation’s healthcare initiative
The fund will be used to purchase 77 physiotherapy equipment, which will be distributed to 15 medical centres.