Image Credit: Bloomberg Dubai Financial Market (DFM) posted a net profit before tax of Dh195.4 million for the six months ended June 30, 2024, marking a significant 74 per cent increase over last year …
CORRECTION — Network International and Biz2X Announce Embedded Financing Partnership to Transform SME Lending in the UAE
Biz2X’s SME financing solution will deliver capital to Network International’s vast network of merchants in the UAENEW YORK and DUBAI, United Arab Emirates, July 29, 2024 (GLOBE NEWSWIRE) — A press …
Dubai contractor Drake & Scull swings to first-half profit after restructuring deal
Net income for six months to the end of June reached Dh30 million ($8.17 million) from a Dh163 million loss recorded for the first half of last year, the company said in a statement to the Dubai …
Arab and local entities explore ministry of finance’s “digital procurement platform”
The platform integrates technological and business best practices to offer services and products for federal procurement at competitive prices …
Commercial Bank of Dubai introduces core banking services for virtual asset service providers
This pioneering initiative underscores CBD’s commitment to fostering innovation and supporting the growing digital asset ecosystem in the region …
HDI Global strengthens business in the Middle East with local presence in Dubai International Financial Centre
The new Dubai office Managing Director, Willem van Wyk, brings over three decades of global insurance industry experience including senior leadership roles in the Middle East market and beyond …
Franklin Templeton Launches UAE Funds to Attract Retail Inflows
Franklin Templeton is launching seven feeder funds in the United Arab Emirates targeted at retail investors, joining asset managers like Allianz Global Investors in aligning their product offerings …
Student Loan in the UAE: What Expats Need to Know
In the UAE, many residents who complete their schooling choose to continue their higher education in the country. While scholarships can help, studying in the UAE can still be expensive. For those who …
UAE grants first national lottery license
The UAE has awarded its first national lottery license, marking a massive step in the country’s move to regulate commercial gaming activities.
UAE: Applying for a student loan? Minimum salary, eligibility for expats explained
In the UAE, apart from banks, certain universities offer student loans too that give students a chance to study further in the country without having to worry too much about finances. This option is …
Dubai expat’s loan triples to over Dh530,400 after bank’s restructuring offer
A Dubai resident didn’t expect that the Dh180,000 loan she took out during the pandemic would triple to Dh530,400 after she accepted the bank’s offer to re..
UAE’s pioneering experiences in advanced technology highlighted
The UAE participated in the G20 Labour and Employment Ministers’ Meeting, which concluded in Fortaleza, Brazil, on 26 July, …
Dubai bank announces instalment deferment facility for customers hit by system glitch
This measure has been taken keeping customers’ financial well-being in mind and ensures that the customers are not faced with a situation where they have to pay for the uncollected June installment …
UAE visit visa latest fee – August 2024
Pakistani nationals and other tourists planning to visit the United Arab Emirates (UAE) must obtain a visit visa to enter the country.
Dubai’s GDP tops AED 115 billion in first quarter of 2024, with its economy growing 3.2% compared to the same period in 2023
propelling sectors that have been core to Dubai’s growth story – including logistics, trade, real estate, and financial services – to new heights, while also sustaining the upwards …
UAE: Expat shocked after loan tripled to over Dh530,000 due to interest fees, charges
A Dubai resident didn’t expect that the Dh180,000 loan she took out during the pandemic would triple to Dh530,400 after accepting the bank’s offer to restructure her loan, extending the Equated …
Dubai Islamic Bank offers payment relief to customers affected by June system issue
Dubai Islamic Bank (DIB) has deferred July installments for customers whose June payments were not collected during a system upgrade. The bank implemented this measure to prevent customers from facing …