Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE national banks’ credit facilities to businesses top $4.24bn in Q1
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion ($4.24 billion) in the first quarter of 2024, said a report, citing latest …
UAE: Gold prices jump nearly Dh2 per gram in early trade
Gold prices continued their upward trend in UAE, rising by nearly Dh2 per gram at the opening of the markets on …
UAE national banks provided $4.25bln in credit facilities to business, industrial sectors in Q1-24
The apex bank’s figures showed that the two sectors saw a 2.1 percent rise in cumulative credit balance to AED757.4 billion by the end of March 2024 …
First Abu Dhabi Bank bolsters CLM operations with Fenergo
First Abu Dhabi Bank (FAB) the largest bank in the UAE, has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) …
UAE national banks provided AED15.6 billion in credit facilities to business, industrial sectors in Q1-24
Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED15.6 billion in the first quarter of 2024, according to the latest figures released by the …
The largest bank in UAE, First Abu Dhabi Bank, bolsters CLM operations with Fenergo
FAB is one of the most prominent financial institutions in the UAE, recognised for its commitment to providing outstanding customer service. As the preeminent bank in the country, FAB provides a …
New IPOs add $5.8bln to UAE’s stock market capitalisation
The IPO garnered strong demand, exceeding the target subscription value by 39 times, even after increasing the individual investor allocation from 8 to 10%. Meanwhile, Parkin, Dubai’s exclusive …
UAE banks’ savings deposits in Q1 surges 5% to $78bln
The apex bank’s statistics showed that savings deposits in the banking sector reached AED286.67 billion at the end of March …
Byju’s Hedge Fund Ally Can Avoid Arrest If He Answers Questions
Byju’s Hedge Fund Ally Can Avoid Arrest If He Answers Questions Money manager has 10 days to return from Dubai or face arrest Bankruptcy judge seeks to find lenders’ missing $533 million …
AED13.8 billion in new savings deposits in banking sector during Q1-24
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about AED13.8 billion during the first quarter of this year, according to the latest statistics from the Central …
UAE banks reach $78.06bn in savings deposits
Central Bank of the UAE (CBUAE) has said that customers deposited AED13.8 billion ($3.76 billion) into savings deposits during the first quarter of this year.
My Dubai Salary: ‘I earn up to Dh30,000 a month from investments and side hustles’
Wali Khan, a 44-year-old Pakistani who lives in Sharjah’s Al Taawun area, works as a telecom engineer and dabbles in content creation as a side hustle. He started making videos on personal finance on …
Revealed: Fintechs turning barber shops, eateries, supermarkets as monetary transaction points to drive UAE mobile money market
A new set of fintechs such as Whimso, licenced by the UAE central bank, are re-defining the financial sector by offering accessible, secure, and easy-to-use mobile money solutions to not only serve th …
Brookfield-Led Group Buys Into Dubai School Operator GEMS
(Bloomberg) — A consortium led by Brookfield Asset Management Ltd. is investing in GEMS Education, a Dubai-based family business founded … World’s Most Expensive Cities for Expats in 2024 Hedge …
New IPOs add $5.8bn to UAE’s stock market capitalisation
The local stock markets attracted a new market capitalisation of nearly AED21.3 billion ($5.8 billion), thanks to three new initial public offerings (IPOs) witnessed since the beginning of this year, …
Three new IPOs added Dhs21.3b to UAE’s markets’ capitalisation in ’24
The local stock markets attracted a new market capitalisation of nearly Dhs21.3 billion, thanks to three new initial public offerings witnessed since the beginning of this year, …