Rio de Janeiro, Brazil: The UAE, represented by the Ministry of Finance and the Central Bank of the UAE, participated in the third meeting of Finance Ministers and Central Bank Governors of the G20 …
SME story: How STP Partners leverages tech in its financial solutions
Tony Hallside, CEO of DIFC-based STP Partners, discusses the firm’s prime brokerage services, strategic successes, and future plans …
Octagon launches ‘Family Office as-a-Service’ model in UAE amid surging demand
Both the Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC) have enabled registered financial institutions, companies and entities to operate and succeed within …
UAE: Central Bank cancels licence of insurance broker
The Central Bank of the UAE (CBUAE) on Friday revoked the licence of Galaxy Insurance Broker (Galaxy), an insurance broker operating in the Emirates, for failing to comply with regulations. The …
Exclusive: India-UAE partnership CEPA strategic step towards more integrated future
(Image: FE) The Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates (UAE) is a landmark trade deal aimed at enhancing economic ties and fostering mutual …
Fake job offers, lottery wins: UAE banks warn residents against 8 scams
Banks in the UAE have asked residents to be aware of different types of fraud that are targeting customers. Ranging from fake job offers to suspension of passports to impersonating government …
Gang selling bank accounts to Dubai criminals busted
The scammers used fake SIMs and complex financial networks to transfer illicit funds to China, Cambodia, and Dubai, converting them into cryptocurrency. Canara Bank Q1 net profit up 10% to Rs 3,905 …
Commercial Bank of Dubai reveals 18.5 percent rise in net profit for H1 of 2024
Commercial bank of Dubai has announced a robust performance for the first half of 2024, with a net profit after tax reaching AED 1.452 billion (approximately USD395 million). This figure marks an 18.5 …
Dubai: Applying for a car loan? Minimum salary, age, documents required
Banks in the UAE provide auto or car loans to customers. Different financial institutions offer various kinds of loans, ranging from ‘green’ auto loans to fixed deposit and fixed rate loans. From …
Arab Monetary Fund forecasts 6.2% growth for UAE economy in 2025
In its Arab Economic Outlook report issued today, the AMF stated that the expected growth of the UAE’s economy this year is driven by continued improvements in tourism activity, real estate, and …
UAE reaffirms support for sustainable finance and climate action empowerment at COP28-G20
Developing financial structure for accessible and affordable sustainable finance; Exploring investment opportunities for climate action and private …
UAE Construction Market Size, Trends, and Forecasts 2019-2023 & 2024-2028
Dublin, July 25, 2024 (GLOBE NEWSWIRE) — The “The UAE Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and …
Astra Tech’s Quantix becomes first fintech to secure UAE central bank’s finance company license
Quantix Technology Projects was the first fintech platform to receive the prestigious Finance Company Licence from the Central Bank of the UAE Astra Tech announced on Thursday its wholly-owned …
Commercial Bank of Dubai declares USD395m net income in H1
(MENAFN) In a recent announcement detailing its financial performance for the first half of 2024, the Commercial bank of Dubai (CBD) has reported a remarkable net profit of AED 1.452 billion (USD395 …
UAE’s biggest bank FAB posts Q2 net profit at $1.16bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q2 2024 net profit of 4.26 billion dirhams ($1.16 billion), a shade higher compared with the AED 4.21 billion in the year-ago period, as a …
UAE’s biggest bank FAB posts Q2 net profit at $1.16bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q2 2024 net profit of 4.26 billion dirhams ($1.16 billion), a shade higher compared with the AED 4.21 billion in the year-ago period, as a …
Pro-Palestinian Actor Levels 6-Day DDoS Attack on UAE Bank
The group also targeted organizations in Saudi Arabia, Canada, and the United Arab Emirates. The BlackMeta group announced … “Their targets typically include critical infrastructure such as banking …