The new initiative invited customers to share their opinions and ideas via the UAE Government portal, aiming to improve the efficiency, quality, and flexibility of the ministry’s services while simpli …
The Ministry of Finance launches “Digital Consultation” to support Zero Government Bureaucracy Programme
Younis Haji Al Khoori: “We are committed to building a true partnership with our customers to help the UAE achieve its vision of being a leader in government services.” …
India central bank asks banks to push direct rupee-dirham settlement, sources say
The Indian central bank has told banks that deal with the United Arab Emirates (UAE) to settle at least a part of their trade payments directly using the rupee and dirham, according to five banking …
Shenzhen, Dubai enhance financial cooperation
To meet their surging demand for investment opportunities, CICC plans to augment its banking and financing businesses in the UAE, especially after it received approval recently to open a branch in the …
IPOs in UAE raise USD890M in second quarter of 2024, Saudi Arabia dominates GCC market
In the second quarter of 2024, initial public offerings (IPOs) in the UAE markets generated a total of USD890 million, according to a recent report b …
DFM, Shenzhen Stock Exchange sign MoU to strengthen cross-border financial collaboration
Dubai Financial Market DFM and Shenzhen Stock Exchange SZSE have announced the signing of a Memorandum of Understanding MoU demonstrating a sha …
DFM and Shenzhen Stock Exchange signs MoU to strengthen cross-border financial collaboration
The partnership aims to strengthen capital market connectivity for enhanced investment opportunities in China and the UAE …
Dubai Chambers signs deal with Bank of China to support investors and enhance bilateral trade
Trade and investment ties between the two markets have been growing steadily, with Dubai emerging as an increasingly attractive destination for Chinese businesses …
Dubai Chambers signs MoU with Bank of China
The signing of the MoU comes ahead of the Dubai Business Forum – China, which will be organised by Dubai Chambers and will take place in Beijing on August 21. The event aims to highlight the diverse …
UAE Ipos Raise $890 Million In Q2 2024
Initial public offerings (IPOs) in the UAE markets raised US$890 million in the second quarter (Q2) of this year, according to a recent economic re …
UAE: Etihad Rail Launches Sustainable Finance Framework
Etihad Rail, the developer and operator of UAE’s rail network, has launched a sustainable finance framework, it said on Wednesday, as a possible step towards issuing green bonds to finance lower …
Abu Dhabi’s financial centre says company registrations up 31%
The number of companies that set up base in Abu Dhabi’s financial centre ADGM increased by 31% in the first half of the year as the likes of Morgan Stanley joined a slew of other financial services …
Court rejects bank’s request to obligate customer to pay Dhs484,000
The bank’s lawsuit was revoked due to its violation of the UAE Central Bank’s personal loan instructions as the loan granted to the customer exceeded 20 times his salary. The bank also did not commit …
Court rejects bank’s request to obligate customer to pay Dhs484,000
The bank’s lawsuit was revoked due to its violation of the UAE Central Bank’s personal loan instructions as the loan granted to the customer exceeded 20 times his salary. The bank also did not commit …
Future Health GCC launches advanced cord blood banking facility in Dubai
Future Health GCC has unveiled its state-of-the-art cord blood banking facility in Dubai Healthcare City, marking a significant advancement in healthcare o..
India’s SBI aims to sell its Yes Bank stake, worth $2.2 billion
Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in Yes Bank, two of these sources said. Sumitomo Mitsui is a unit of …
UAE national banks lend $13.48bln to private sector in 5 months
Credit facilities provided by the UAE national banks to the private sector reached AED49.5 billion ($13.48 billion) during the first five months of 2024, raising the cumulative total to AED1.182 …