Image Credit: Supplied Dubai: Commercial Bank of Dubai’s annual general meeting of its board of directors adopted the decision to distribute cash dividends at a rate of 50 per cent of the bank’s net …
Shuaa Capital’s legal head steps down as investment bank grapples with restructuring
Dubai-listed investment bank has seen the resignation of at least three senior management team members since November …
UAE: Indian rupee touches 6-month high but retreats after likely intervention
The market is also buying, as current levels on the dollar-rupee pair are quite appealing for importers, says a foreign exchange trader …
Charity in UAE during Ramadan: Banned and legal practices explained
As UAE residents prepare to make donations during Ramadan, authorities have encouraged them to understand permissible and prohibited practices. In addition..
Etihad Airways CEO Hints At IPO Listing, Says Airlines Going Public Isn’t ‘Uncommon’
Airlines going public with an IPO listing is not“uncommon”, Antonoaldo Neves, CEO of Etihad Airways, said amid speculations of its possible listing …
Is Etihad Planning an IPO? ‘I’m Working To Be Ready’ Says CEO
The new comments from Antonoaldo Neves suggest that Etihad is taking the possibility of an IPO very seriously.
Could Etihad Airways become first Gulf airline to launch IPO?
The airline reported on Wednesday that it made a net profit for 2023 and 2022 after a string of substantial losses since 2016.
UAE executive office of anti-money laundering and counter terrorism financing and Dubai Police enhance joint forces to combat financial crimes
The official signing ceremony occurred on the sidelines of the third edition of the World Police Summit, held from 5-7 at the World Trade Centre in Dubai …
United Arab Bank holds general assembly meeting
During the meeting, the General Assembly discussed and approved all the items on the agenda of the meeting, including the recommendation of the Board of Directors not to distribute dividends, whether …
Etihad posts 2022, 2023 profits and is readying for possible IPO, CEO says
Abu Dhabi’s Etihad Airways has returned to profit and is improving its transparency, governance and balance sheet to be ready for an initial public offering should its sovereign wealth fund owner …
Dubai construction giant Drake & Scull shares set to resume trading on DFM
The move comes after the company successfully increased its share capital by at least AED300 million, in accordance with the court-approved restructuring plan …
Realising UAE Net Zero 2050 will push GDP to $1tn, says Green Future Project boss
Besides, collaboration between federal and local governments, the private sector, and communities could yield an extra AED70 billion to the UAE with investments offset by long-term cost savings by 208 …
Drake & Scull International secures approval from Dubai Financial Market and Securities & Commodities Authority
Following the Acceptance of the Dubai Courts of its Restructuring Plan that writes-off 90% of its debt. Dubai, United Arab Emirates: Drake & Scull International PSJC (DSI), announ …
UAE: Now, donate with Bitcoin to charities this Ramadan
Authorities in the UAE will accept Bitcoin and other digital currencies for donations this Ramadan, a top official said on Wednesday. These will complement..
Nexo’s Dubai Entity Receives Initial Approval from Dubai’s Virtual Assets Regulatory Authority (VARA)
Nexo, a leading digital assets institution, announced today that its Dubai entity, Nexo DWTC, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for …
CBUAE issues monetary and banking developments – December 2023
The Central Bank of the UAE (CBUAE) announced that the Money Supply aggregate M1 increased by 4.0 percent, from AED797.4 billion at the end of November 2023 to AED829.3 billion at the end of December …
Dubai real estate: Buying vs. renting – what should people be doing in 2024?
For instance, if they were to lose their job suddenly and had to leave Dubai urgently, they need to evaluate their ability to repay the mortgage and the potential rental income if they were to rent …