Prime Minister Shehbaz Sharif will travel to the United Arab Emirates (UAE) on January 10 on a visit as part of a desperate attempt by Pakistan to shore up its depleting foreign reserves. Official …
Covid-19 lifts life insurance business in the UAE
The insurance industry is currently underserved and offers a myriad of opportunities to expand through awareness-building of insurance benefits, says an industry …
UAE ranks fifth most stock-obsessed country in the world
The UAE has ranked fifth in the world in a recent survey that ranks countries according to their interest in stock trading. No other Gulf or Arab nation ma..
Abu Dhabi’s Standard Chartered $1.1tn giant bank interest shows global ambition
First Abu Dhabi Bank’s Standard Chartered plan shows UAE is planning to become a major global force in finance Abu Dhabi’s Standard Chartered $1.1tn giant bank interest shows global ambition banking, …
UAE: Dh5,000 fine for refusing to return money accidentally transferred to bank account
A Gulf national had transferred Dh9,200 from her bank account to an account of a young man by mistake who refused to return the money. The man refused to return the woman’s money, so she decided to …
StanChart suitors track banking’s flighty fortunes
The biggest bank in the United Arab Emirates said on Thursday it had been “at the very early stages” of considering a bid for StanChart, but was no longer doing so. Nevertheless, the fact that it was …
Standard Chartered faces fresh questions after report of Middle East bank’s takeover bid
STANDARD Chartered’s Bill Winters wanted to mark the start of 2023 “with a little kindness”, he said on LinkedIn, but instead finds himself in the middle of a fresh debate about the emerging-market …
UAE bank introduces online fraud prevention solution
CVVkey will be a key element in NBF’s efforts to improve cybersecurity across its operations and protect its customers from fraud and other online threats.
UAE bank launches first-of-its-kind online fraud prevention tool
While the fraudulent capture of card details can occur at point-of-sale machines and ATMs, over 90 per cent of payment card fraud occurs online …
UAE: National Bank of Fujairah introduces online fraud prevention solution
CVVkey will be a key element in NBF’s efforts to improve cybersecurity across its operations and protect its customers from fraud and other online threats …
Dubai unveils $8 billion economic plan
The Emirate of Dubai unveiled an ambitious economic development plan Wednesday. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said the Dubai Economic Agenda D33 has economic targets worth 32 …
Middle East IPO boom to resume despite late 2022 ‘fatigue’
A busy pipeline looms in Saudi Arabia and the United Arab Emirates over the coming weeks and months as issuers seek to capitalise on the momentum in the Middle East after a stellar 2022, which saw a …
Dubai announces $8.7 trillion economic plan to boost trade, investment and global hub status
The sheer size of the city’s economic goals may draw some skepticism, but finance experts in Dubai believe they are achievable. “It’s ambitious, but there’s no reason to doubt those targets given …
Dubai announces plan to ‘double’ economy in next decade
Maktoum, unveiled in a series of tweets the Dubai Economic Agenda, dubbed “D33”, with targets totalling 32 trillion dirhams ($8.7 trillion). The plan would “double the size of Dubai’s economy in the …
Dubai property market records transactions to the tune of AED1.7 billion on Tuesday
Tuesday’s property deals included 500 sales transactions worth AED1.42 billion, 68 mortgage deals of AED219.2 million and 16 gift deals amounting to AED140.24 million Dubai property market records …
Dubai’s $8.7trln financial plan will double economy, make the city one of the global top 3
In a series of tweets, Sheikh Mohammed announced that the emirate’s foreign trade will reach $6.89 trillion dirhams …
Top Ten Business Figures in the UAE
UAE is home to some of the best business leaders in the Middle East. With UAE’s diversity of cultures and abundance of economic opportunities, many people have found it a place to thrive in their …