The benchmark index DFMGI of Dubai Financial Market (DFM) added 91.42 points (2.26%) at the end of Tuesday’s session to close at 4,137.32 points. A total of 323.49 million shares were exchanged at a …
UAE: Is it profitable to sell your house or rent it out? How to decide
Depending on your financial situation and your housing market, you might consider renting it out rather than selling. “The property market in the UAE has been resurging this past year, with a growing …
India’s Nuvama Private launches wealth management base in Dubai
India’s Nuvama Private has launched a base in Dubai International Financial Centre (DIFC). The private banking arm of Nuvama Group, one of India’s largest and listed Institutionally backed Wealth …
India’s Nuvama Private launches wealth management base in Dubai
India’s Nuvama Private has launched a base in Dubai International Financial Centre (DIFC). The private banking arm of Nuvama Group, one of India’s largest and listed Institutionally backed Wealth …
UAE banking sector’s net international reserves up 8% in first five months to AED1.236 trillion
Net international reserves of UAE banking sector rose by 8 percent or AED 91 billion in the first five months of the year to reach AED 1.236 trillion by end of last May from AED 1.145 trillion by the …
Dubai’s Empower Q2 2024 earnings fall 9%
Revenue for the quarter reached AED 814 million, increasing 11.4% year-on-year (YoY), the company said in a filing on the Dubai Financial Market on Tuesday. Net profit attributable to equity holders …
Abu Dhabi’s IHC forms Rorix Holdings for finance and trade facilitation
trade finance, advisory, commodities and trade insurance sectors. “The strategic move will lead to more inclusive economic development by serving as an entry point through the UAE for local, regional …
UAE cheque clearances hit AED544.4bn in first five months of 2024
The Central Bank of the UAE (CBUAE) has released its Monthly Statistical Bulletin – Banking & Monetary Statistics for May 2024, revealing that the value of cheques cleared through the Image Cheque …
UAE Central Bank gold reserves reach $5.6bn in May 2024
The Central Bank of the UAE (CBUAE) reported that its gold reserves reached AED20.619 billion by the end of May 2024. This marks a 19.7 percent year-on-year increase from AED17.219 billion in May 2023 …
UAE: IHC announces formation of Rorix Holdings finance and trade facilitation company
International Holding Company (ADX), the global diversified Abu Dhabi-based conglomerate, has formed Rorix Holdings, a groundbreaking global finance and trade f …
UAE: Etihad denies fake ads offering IPO shares on social media
UAE’s national carrier, Etihad Airways, has rubbished claims made by “several social media posts falsely suggesting that the airline is undertaking a public share listing on the Dubai Financial …
UAE: Ministry of Finance achieves advanced ranking in institutional resilience
The evaluation, conducted in collaboration with the British Standards Institute (BSI), was based on two international standards: ISO 22316:2017 and BS 65000:2014 …
UAE banking sector’s net international reserves up 8% in first five months to Dhs 1.236 trillion
Net international reserves of UAE banking sector rose by 8 percent or Dhs 91 billion in the first five months of the year to reach Dhs 1.236 trillion …
Abu Dhabi’s IHC forms Rorix Holdings to bolster economic growth in UAE
Through Rorix Holdings, IHC aims to accelerate trade volumes, attract foreign investment, and foster economic partnership …
UAE banking sector’s net international reserves up 8% in first five months
Net international reserves of UAE banking sector rose by 8 percent or AED 91 billion in the first five months of the year to reach AED 1.236 trillion by end of last May from AED 1.145 trillion by the …
Ministry of Finance achieves advanced ranking in institutional resilience
Younis Haji Al Khoori: “This achievement further solidifies the UAE’s position as a leading financial hub both … Abu Dhabi: Adding yet another feather to its cap, the Ministry of Finance (MoF) has …
M2 announces new secure UAE bank account integration for virtual asset transactions
Users can now seamlessly and compliantly buy and sell virtual assets directly through their UAE bank accounts Last month, verified users completing ‘Know Your Customer’ (KYC) procedures on M2 …