ABU DHABI: Gross banks’ assets, including bankers’ acceptances, increased by 1.0 percent from AED 4,254.5 billion at the end of March 2024 to AED 4,296.5 billion at the end of April 2024, according to …
Dubai real estate sales hit $52.5bn in H1 as apartment, villa and rent prices all increase: report
Dubai real estate sales and rental transaction data shows sign of strong increases for years to come says Espace report …
UAE holds first strategic financial dialogue with Poland
The UAE, represented by the Ministry of Finance, has held the first Strategic Financial Dialogue with the Republic of Poland in Warsaw to strengthen bilateral cooperation in various financial and …
Nasdaq Dubai welcomes $500mln sukuk by the Sharjah Islamic Bank
Sharjah Islamic Bank’s Sukuk on Nasdaq Dubai, oversubscribed 3 times, showcases the strong demand from international and regional investors …
Nasdaq Dubai welcomes US$500 million Sukuk by Sharjah Islamic Bank
Nasdaq Dubai welcomed the listing of US$500 million Sukuk issued by the Sharjah Islamic Bank (SIB). This marks the sixth issuance under the bank’s USD 3 billion Trust Certificate Issuance Programme …
Oman’s real estate investment gets listed on MSX
A dedicated property manager will ensure effective management and oversight of properties Dubai: Oman’s Jabal Asset Management … following an Initial Public Offering (IPO) last month. Jabal REIF has …
Nasdaq Dubai welcomes $500mln Sukuk by Sharjah Islamic Bank
CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Ahmed Saad said, “We are delighted by our latest Sukuk listing on Nasdaq Dubai, which showcased strong demand from international and regional …
Ajman Free Zones Authority, ruya tie-up to offer banking for startups, SMEs
Digital-first Islamic bank to offer Ajman firms digital accounts with no minimum balance Digital-first Islamic bank to offer Ajman firms digital accounts with no minimum balance Image Credit: …
Are high insurance costs pricing retirees out of living in the UAE long term?
While the UAE is attracting more retirees than ever, many find they are unable to keep up with the costs of health insurance, particularly in the over-60s bracket. There are no specific packages for …
UAE Authorities Expose Alarming Surge in Trade-Based Money Laundering Cases
The UAE authorities have reported an alarming rise in cases of trade-based money laundering (TBML) in 2022 and 2023, revealing the sophisticated methods fraudsters employ to disguise illicit financial …
UAE Banks Face Earnings Slump as Saudi Arabia Takes Lead in GCC
Banks in the United Arab Emirates (UAE) are bracing for a decline in profits for the second quarter (Q2) of 2024, according to a recent report by CI Capital. This stands in stark contrast to the …
Jain’s new hedge fund spawns fans, doubters
DUBAI: Inside the elegant Breakers Palm Beach resort, Bobby Jain made his multibillion-dollar pitch. The Abu Dhabi Investment Authority was his audience, the steward of one of the world’s great …
Dubai To Expand Fruit And Vegetable Market, Double Its Current Size
( MENAFN – Khaleej Times) Dubai will be doubling the current size of its fruit and vegetable market under the emirate’s next big logistics project. Two major entities – Dubai Municipality and DP World …
Strategic Growth Continues: US Capital Global Expands Dubai Office with New Vice President, Ahmed Eid
San Francisco, California, USA, July 10, 2024 (GLOBE NEWSWIRE) — US Capital Global, a leading global private financial group for the middle market, is excited to announce the appointment of Ahmed Eid …
UAE terrorism: Courts sentence 43 people to life imprisonment and issue $5.4m fines
UAE courts have convicted 53 people for terrorism offences and ordered six companies to pay a AED20m ($5.4m) fine for crimes including money laundering. The Abu Dhabi Federal Appeals Court, State …
Saudi Arabia raises $12.35 bln from Aramco’s share sale through greenshoe option
Saudi Arabia has raised a total of $12.35 billion from a secondary share sale in Aramco , after the Saudi oil giant exercised an over-allotment option, a document seen by Reuters showed.
Dubai announces world’s largest fruit and vegetable market
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the development of the Logistics Hub for Foodstuffs, Fruit and Vegetable Trade, the …