The company offers cloud computing and SaaS technology, with a pioneering focus on accounting firms and finance-focused businesses …
RAKBANK income, profit & balance sheet growth continues into 2024 as the bank’s strategy embeds further
Customer advances in Wholesale Banking increased by AED 715M, Business Banking segment by AED 538M and Retail Banking segment by AED 423M, compared to 31st December 2023. Strong balance sheet momentum …
Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
High-net worth individuals are in many cases voting with their feet, seeking greener pastures – or in the case of tax-free expat hubs like Dubai, sandier beaches – as costs and taxes rise in their …
Dubai Financial Market announces 74% rise in Net Profit (pre-tax), for the first half of 2024 to Dhs 195.4 Million
Dubai Financial Market (DFM … The landmark event offered key insights into the future of finance, and underscoring DFM’s status as a leading global listing venue. Commenting on DFM’s performance, …
Commercial Bank of Dubai introduces services for virtual asset service providers
Commercial Bank of Dubai (CBD) on Monday announced the launch of dedicated accounts for virtual asset service providers (VASPs) to manage client money and regulatory prudential requirements, in …
Dubai Financial Market posts 74% rise in first-half pre-tax profit
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, …