Dubai’s property market is experiencing significant growth, making it an attractive option for buyers, but careful financial assessment and consideration of associated costs are crucial before making …
Hong Kong regulator brings insider trading charges against Segantii and its founder
Hong Kong’s securities regulator started an insider dealing prosecution against hedge fund Segantii Capital Management, its founder and a former trader, the watchdog said on Thursday.
Spinneys boosts private sector IPO hopes in Middle East
The success of the IPO of Spinneys, the Dubai supermarket group, is likely to be a catalyst for other privately owned companies to list in the Middle East, according to market sources.
Dubai Financial Market releases upgraded iVestor app
Dubai Financial Market (DFM) has released the upgraded iVestor app, a digital platform aimed at simplifying financial management for investors. Unveiled on the second day of the Capital Market Summit …
UAE’s ADIA, Olayan Saudi Investment to be cornerstone investors in Fakeeh Care IPO
Saudi hospital group Dr. Soliman Abdul Kader Fakeeh Hospital and its subsidiaries, together known as Fakeeh Care Group, which plans to sell a 21.5% stake in an IPO, said on Thursday it has signed …
SFC begins insider dealing case against hedge fund
The Securities and Futures Commission (SFC) on Thursday said it had started criminal proceedings against hedge fund Segantii Capital Management, its …
Banking sector sees AED33.3 billion surge in new Savings Deposits over 12 months, marking 14% growth
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted around AED33.3 billion to reach AED278.37 billion at the end of February 2024, compared to about AED245.01 billion …
Emirates NBD organises community awareness event focusing on safe banking practices for labourers
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, organised an event for labou …
Dubai real estate: British investors overtake Indians, Russians in record numbers as they flock to UAE for Golden Visas, tax-free luxury living
Despite fluctuations and economic downturn across the world, Dubai’s economy continues to show robust growth driven by diversification which has propped up sectors like tourism, trade, finance, and …
Banking Giants Race to Riyadh as MBS Steps Up Pressure Campaign
With European and Asian economies facing greater uncertainty, building up in Riyadh allows banks to gain proximity to some of the most deal-hungry entities in the world, including a sovereign wealth …
UAE maintains interest rates following US Fed reserve decision
The UAE Central Bank has decided to keep its base rate applicable to the Overnight Deposit Facility (ODF) unchanged at 5.40 percent. This move comes after the US Federal Reserve opted to leave …
UAE, US central banks keep rates unchanged
The UAE central bank also decided to maintain the interest rate applicable to borrowing short-term liquidity from the bank at 50 basis points above the Base Rate for all standing credit facilities …
Dubai International Financial Centre breaks ground on $300m Immersive Tower
Dubai International Financial Centre (DIFC) marked a significant milestone today with the ground-breaking ceremony of the Immersive Tower by DIFC, the latest architectural landmark within the heart of …
Dubai real estate: 1% payment plans trigger major shift in house buying patterns
This, in turn, is prompting developers to look at more innovations for house purchases, including back-loaded payment plans and value added schemes …
How to raise a consumer complaint against an insurance company in the UAE
Last month, the UAE Central Bank issued a notice to all banks and insurance companies in the country to allow the deferral of repayment of instalments of personal and car loans for customers affected …
Five trends UAE fintech can leverage to stay competitive
With its developed entrepreneurial culture, investment openness, and large-scale support from the government, the UAE is increasingly turning into a new regional and global fintech hub. The local …
Dubai stock exchange launches initial private offerings platform
A new platform launched by Dubai’s stock exchange aims to make it easier for private companies to raise capital.