GOLD smuggling out of Africa, mainly to the United Arab Emirates, has surged over the last decade, with hundreds of tonnes worth tens of billions of dollars illegally leaving the continent every year, …
Dubai’s sovereign wealth fund ICD posts 68 per cent jump in 2023 profit
The Investment Corporation of Dubai, the government’s main investment arm, reported a 68 per cent increase in 2023 net profit this week, buoyed by its transportation, banking and financial services …
Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion
Saudi Arabia’s government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal to help fund Crown Prince Mohammed bin …
UAE stocks close Thursday on a positive note
UAE financial markets ended in the green Thursday as Abu Dhabi’s general index added 0.47% and Dubai’s main share index gained 0.28%.
UAE participates in GCC financial and economic cooperation committee meeting
During the meeting, the UAE’s proposal for targets and indicators of awareness programmes around the GCC Common Market was approved …
‘Money brings strength’: How astute financial planning helped this Indian expat follow her dreams
Yoga teacher Brinda Hora dedicates her life to teaching a philosophy and practice she deeply believes in. The Indian expat, 43, lives in Dubai and is now i..
Inside Dubai’s Booming Technology Sector: Seed Group CEO’s Take on How Global Startups Can Harness The Momentum
TechRound spoke to Seed Group’s CEO, Hisham Al Gurg on the growing and booming tech sector in Dubai and what it means for aspirational companies.
Dubai real estate: Home Loan vs. Mortgage – Which is a better property financing option? Experts weigh in
Dubai experts offer insights on key differences, pros, cons and financial considerations when choosing between home loans and mortgages for property purchases in the emirates booming real estate marke …
Anna Morgenstern Dubai – A Renowned Finance Specialist
Anna Morgenstern Dubai pursued for her master’s degree from The University of Wollongong in Dubai and obtained her degree in 2006.
UAE bank fraud: Customer loses Dh15,000 in scam while paying telecoms bill
Philip Currie received an SMS on May 7 about an outstanding bill from his telecom provider, du. Mr Currie, 49, from Britain, decided to pay the bill through du Quick Pay, as he did every month. On his …
UAE stock markets attract $490mln liquidity at close of Wednesday’s trading
The liquidity was distributed as AED1.1 billion in the Abu Dhabi Securities Exchange (ADX) and AED723.2 million in the Dubai Financial Market (DFM), after trading 1.42 billion shares through the …
UAE President concludes state visit to Republic of Korea
President His Highness Sheikh Mohamed bin Zayed Al Nahyan departed Seoul today, Wednesday, concluding a two-day state visit to the Republic of Korea.
UAE President arrives in Beijing at beginning of state visit to China
President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived in the Chinese capital, Beijing, today at the start of a two-day state visit to the People’s Republic of China at the invitation of …
Alef Education IPO Price Range Values Edtech Firm Between Dh9.1 Billion To Dh9.45 Billion
The deal comes amid a bustling period for IPOs in the Arabian Gulf. Saudi Arabia has recently experienced a surge in IPO activity, with several offerings heavily oversubscribed. Dubai has hosted two …
Dubai’s ICD records ‘best-ever’ financial year with over AED60bn net profit in 2023
The Investment Corporation of Dubai (ICD) announced record financial results for 2023, reporting its highest-ever revenues and net profit driven by stellar performance across its core sectors.
Sanctions against Russia are not working, says UAE trade official
Western sanctions against Russia have not impacted trade outside of the West, said Hamad Buamim, chair of the Dubai Multi Commodities Center, in comments to the Financial Times published on May 29.
Dubai real estate: Palm Jumeirah top destination for properties sold for more than $10m
Indeed, Palm Jumeirah was the most popular location for prime sales in Dubai last year, accounting for 38.5 per cent of all homes that sold for more than $10m and 39.2 per cent for properties valued …