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 …
Etihad Rail unveils sustainable finance framework in green push
Etihad Rail said its sustainable finance framework was developed in collaboration with First Abu Dhabi Bank and Standard Chartered Bank.
Dubai Summer Restaurant Week 2024 offers discounts at top eateries
Dubai diners will be sitting down to cut-price food at the city’s top eateries as Summer Restaurant Week returns from August 23 to September 1. The Dubai Summer Surprises (DSS) 2024 event will see …
UAE national banks lend $13.48bn 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 …
Dubai World Trade Centre hospitality division reports 140% increase in guest catering
Dubai World Trade Centre (DWTC) has announced growth of 140 per cent in catering to external events by its hospitality business in the first half of 2024. The results cement its position as a premier …
Abu Dhabi’s ADQ reportedly plans to acquire Bank Audi’s Turkish unit
ADQ, the smallest of Abu Dhabi’s three sovereign wealth funds, is reportedly exploring the acquisition of the Turkish unit of Lebanon’s Bank Audi as entities based in the GCC seek to expand their …
GTN appoints Ahmad Abouardini, Saxo Bank veteran, as new Middle East Relationship Manager
“We are delighted to welcome Ahmad to our company,” said Damian Bunce, CEO of GTN Middle East. “Ahmad has extensive regional experience and a deep understanding of the Middle East market. He will be …
Dubai: Salik reports $149 million in net profit during first half of 2024
Salik delivered a very healthy financial performance in H1 2024, registering 238.5 million revenue-generating trips which increased by 4.9% YoY. Dubai: Salik reports $149 million in net profit during …
Gold prices in Dubai drop after inching closer to Dh300 per gram
In the UAE, the 24K variant of the yellow metal was trading at … China’s anticipated liquidity injection could boost gold and other cryptocurrencies. Historically, the People’s Bank of China …
SquaredFinancial wins the Best Trading Education UAE/GCC 2024 Award
Committed to offering extensive and personalized trading education to investors and traders, leading fintech firm SquaredFinancial earned the Best Trading Education UAE/GCC 2024 by the International …
Ipos Raise $2.64 Billion In H1 As Mena Outlook Stays Robust
After a resilient first half led by the UAE and Saudi Arabia, the upcoming IPOs will be spurred by the region’s ongoing privatisation drive on the back of increased liquidity, economic recovery, and …
UAE’s Takaful insurance sector set for 20% growth in 2024
Standard & Poor’s Credit Ratings Agency (S&P Global Ratings) today forecast that the Takaful sector in the UAE, the region’s second-largest Takaful market, will grow by 15-20 percent in 2024. The S&P …
UAE and India use XRP not US dollar in historic oil trade
India and the UAE have just made history by completing a crude oil deal that skipped the US dollar entirely, opting for XRP instead. India paid for oil from the UAE using their local currencies, but …
Sharjah Finance department launches financial training centre
The Sharjah Finance Department (SFD) has launched the Financial Training Centre in collaboration with the Arab Administrative Development Organisation (ARADO) to enhance the financial skills of …
Dubai: Salik Records Dh1.1-Billion Revenue In H1 After 238 Million Vehicles Use Toll Gates
Salik Company PJSC, Dubai’s exclusive toll gate operator, saw 238.5 million vehicles pass through its eight toll gates from January to June this year, resulting in Dh1.1 billion half-year revenue, up …
Emirates NBD, Japanese Bank Eye Major Stake in Yes Bank
Dubai Negotiations are underway between Emirates NBD and a major Japanese bank to secure a substantial stake in India’s Yes Bank, according to industry sources. This potential acquisition could …
Saudi and UAE lead MENA IPOs as 14 sales raise $2.6bn
MENA IPOs in 2024. This was followed by Alef Education Consultancy with its listing on the Abu Dhabi Securities Exchange (ADX), which contributed 19.5 per cent of proceeds with th …