The Dubai International Financial Centre Insurance Association (DIFCIA), an industry association comprised of the whole insurance, reinsurance, and wealth management sectors within the DIFC and wider …
UAE EGA’s acquisition of Leichtmetall fully funded by green loan
EGA completed the acquisition of Leichtmetall in May. However, no financial details of the deal have been disclosed …
Dubai: Expat wins $1 million after 24 years of buying Duty Free raffle tickets
A 49-year-old Indian expat in Dubai has finally hit the jackpot after 27 years of buying Dubai Duty Free raffle …
UAE: Need a loan? How to check and improve your credit score
If so, taking a look at your credit score or getting your credit report would be ideal to understand how the bank could perceive you as a customer. If you have a higher credit score – your loan …
South Korean and Indian nationals win $1mln each in Dubai Duty Free Millennium Millionaire promotion
A South Korean national and an Indian national have been announced as the new dollar millionaires at the latest Dubai Duty Free Millennium Millionaire and Finest Surprise draw, held today at Concourse …
UAE: CEO of Invest Bank resigns
Abu Dhabi – Invest Bank’s CEO Ahmed Mohamed Fawzi Abu Eideh has resigned effective 11 June 2024. The bank’s board assigned the CEO role to a member of the senior management for an interim period, …
UAE committee meets to discuss draft general budget for 2025 fiscal year
The UAE General Budget Committee met on Tuesday to discuss the draft general budget of the Emirates for fiscal year 2025, Dubai Media Office said.It was the 11th meeting of the General Budget …
UAE committee meets to discuss draft general budget for 2025 fiscal year
The UAE General Budget Committee met on Tuesday to discuss the draft general budget of the Emirates for fiscal year 2025, Dubai Media Office said.It was the 11th meeting of the General Budget …
UAE: Abu Dhabi Department of Finance hosts 2025 Budget Cycle event
The Department of Finance – Abu Dhabi organised the 2025 Budget Cycle event, expanding on its crucial position in creating an innovative financial ecosystem that fosters economic stability and …
UAE: Gold prices dip slightly after gaining over Dh2 per gram this week so far
According to Dubai Jewellery Group data … “Conversely,” Weston said, “with People’s Bank of China easing back on further increasing its allocation of gold within its reserves, markets becoming more …
Byju’s hedge fund ally can avoid arrest if he helps locate $533 million
The missing money is at the heart of a dispute between lenders owed $1.2 billion and the startup founded by entrepreneur Byju Raveendran …
Al Ansari Financial Services wins top honors for Best Financial IPO in EMEA 2023
Dubai, UAE – Al Ansari Financial Services PJSC (the “Group”) [DFM: ALANSARI], one of the leading integrated financial services groups in the UAE, has been recognised as the Best Financial Institution …
UAE’s real GDP to rise to 4.1pc in 2025, says World Bank report
The UAE’s real GDP is projected to grow by 3.9% in 2024 and expand to 4.1% in 2025, according to the World Bank’s latest Global Economic Prospects report. In April 2024, the World Bank raised its …
UAE discusses draft budget for 2025
First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, the General Budget Committee held its 11th meeting to discuss the draft general budget of the UAE for the fiscal year 2025.
World Bank predicts UAE’s real GDP will rise to 4.1% in 2025
The UAE’s real GDP is projected to grow by 3.9 percent in 2024 and expand to 4.1 percent in 2025, according to the World Bank’s latest Global Economic Prospects report.In April 2024, the World Bank …
Marshall Wace plans to open Abu Dhabi office
Hedge fund managers have been expanding their presence in the Middle East in an attempt to win local business and forge ties with sovereign wealth funds in the region. The lure of low taxes has also …
UAE Cabinet approves 2024 federal budget
The General Budget Committee held its eleventh meeting to discuss the draft general budget of the UAE for the fiscal year 2025, within the budget plan for the years 2022-2026. In the meeting, held at …