Emirates Development Bank (EDB) and Commercial Bank of Dubai (CBD) have announced a strategic partnership aimed at enhancing international trade services. This collaboration will combine EDB’s …
UAE’s banking sector liquid assets stand at AED786.6 billion in Q1-24
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2%, or AED172.8 billion, compared to approximately AED613.8 billion at …
Eisler’s Currency Trader Oakley Set to Return With New Risk Limits
A top currency trader at Eisler Capital is getting a second chance to turn a profit at the hedge fund after he was ordered to stop trading when he suffered losses on his roughly $500 million trading …
UAE economy grew by 3.6% last year, financial sector assets hit $1.1tn: CBUAE
The UAE’s financial sector also recorded robust performance in 2023, achieving 11.1 per cent growth in total assets to over AED4tn ($1.1tn) The country’s banking system also maintained appropriate …
UAE banks forge partnership to facilitate international trade
Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, and Commercial Bank of Dubai (CBD), …
Emirates Development Bank and Commercial Bank of Dubai forge strategic partnership to facilitate international trade
This collaboration will combine EDB’s extensive client base and robust financial operational capabilities with CBD’s advanced trade finance expertise, unlocking new growth opportunities for businesses …
Emirates NBD announces prestigious LEED certifications awarded across branches in the UAE and Saudi Arabia
Fourteen Emirates NBD branches across the UAE and Saudi Arabia have received the prestigious LEED certification during 2024 taking the total number of certified branches to 27 …
IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO
As illustrated in the Regional Outlook for Banking and Capital Markets 2024 report, regional IPO growth is expected to come in three phases. Firstly, through the continued privatisation of …
‘Learn to invest early’: UAE-based Russian expat on her most profitable financial decision
Daria Krasnogor is the CEO of a real estate firm as well as founder of a personal branding company. The 32-year-old Russian expat calls herself a serial en..
Brookfield eyes $5 bln for UAE-backed climate fund
Brookfield Asset Management is looking to raise $5 billion for a fund backed by the United Arab Emirates (UAE) that aims to scale up climate finance in emerging markets, the Canadian company said on …
IPO boom highlights Dubai’s position as capital market hub says DIFC boss
“Dubai’s IPO boom underscores the city’s status as a thriving … advisory services for IPOs will continue to contribute to the dynamic evolution of global finance.” …
UAE’s businesses expect rise in sales during Eid holidays
Businesses see big surge in the sale as residents go out for shopping and entertainment activities to celebrate the occasion during the long-weekend.
CBUAE in 2023 remained dedicated to safeguarding UAE’s financial and monetary stability, protecting integrity of its financial system: Mansour bin Zayed
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE), has said in line …
CBUAE in 2023 remained dedicated to safeguarding UAE’s financial and monetary stability, protecting integrity of its financial system: Mansour bin Zayed
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE), has said in line …
UAE economy grew 3.6 per cent last year, exceeding previous estimate
The UAE economy’s growth in 2023 was stronger than the most recent estimate, driven by non-oil sector growth. The Arab world’s second-largest economy expanded by 3.6 per cent last year, compared to …
UAE consumers to face higher rates for longer
With the UAE following the US Federal Reserve’s decision to hold key rates, consumers in the country are unlikely to get any relief soon with rates continu..
UAE economic growth projected at 3.9% this year
The UAE’s real overall output growth rebounding to 3.9 per cent, primarily on the back of a recovery across diverse sectors of the economy, the Central Ban..