Dubai’s General Directorate of Residency and Foreigners Affairs … Furthermore, for properties bought using a bank mortgage or installment plans, homebuyers had to make a minimum down payment of …
Dubai’s biggest bank Emirates NBD posts 3% rise in Q4 net profit; misses estimate
Emirates NBD, Dubai’s biggest lender, reported a Q4 2023 net profit of 4 billion UAE dirhams ($1.09 billion), up 3% year-on-year. For FY 2023, the lender reported a net profit of AED21.5 billion, up …
Emirates Islamic Bank turns in Dh2.12b net profit despite higher provisions
Dubai bank’s top-line numbers also flew into record gains with Dh4.77b EIB’s customer deposits grew incrementally, up 9 per cent to Dh61.3 billion. Image Credit: Clint Egbert/Gulf News Dubai: The …
UAE: Top bank will not update customers’ details at branches from February 2024
UAE’s top bank has announced that it will not update customers’ personal details and documents at its branches from next month. In a notice sent out to its customers on Wednesday, First Abu Dhabi (FAB …
UAE firm warns residents: Scammers use employee identity to get credit card details
Abu Dhabi-listed The National Investor (TNI) has issued an alert about scammers using its details to extract UAE residents’ and investors’ personal and banking information. In a statement issued by …
UAE sets up special project to extend financing to SMEs, start-ups
The UAE Ministry of Economy is setting up a special body to provide financing to small and medium-sized enterprises (SMEs) and start-ups. The “Intangible Assets Finance Committee” will help businesses …
Dubai sees rising appetite from Chinese asset managers -regulator chief
HONG KONG, Jan 25 (Reuters) – Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as warming …
DMCC kicks off 2024 global trade roadshow in London, highlights 10% growth of British companies as part of uae-uk trade and investment drive
DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – affirmed its goal of attracting greater levels of foreign direct investment (FDI) from the …
DIFC Innovation Hub Teams Up with Wealth Management Firm, Julius Baer, and Financial Market Infrastructure Euroclear
DIFC Innovation Hub, which claims to be the largest start-up and innovation hub in the world operating out of Dubai International Financial Centre (DIFC), the global financial centre in the MEASA) …
Dubai announces new scheme to support retirees; cuts fees and offers finance to set up new businesses
CEO of Dubai SME, said, “The programme reflects the vision and directives of our wise leadership to provide all the support we can to retirees and employees approaching retirement in a way that …
Scammers in Dubai Send Fake UAE Central Bank Messages to Residents
After UAE residents were scammed with fake messages from Aramax and Emirates Post, scammers are sending fake messages pretending to be from the UAE Central Bank. Read More: UAE Firmly Denies Plans …
Dubai bourse leads Gulf markets higher on upbeat earnings
Jan 24 (Reuters) – Most stock markets in the Gulf ended higher on Wednesday, largely on the back of corporate earnings with the Dubai index leading the gains … priced its initial public offering …
Saudi Arabia’s Avalon Pharma prices IPO at top of range
DUBAI, Jan 24 (Reuters) – Saudi-based Middle East Pharmaceutical Industries Company, known as Avalon Pharma, priced its initial public offering (IPO) at the top of its range, selling the shares at 82 …
Dubai’s DFSA reports record number of licensed firms in 2023
The Dubai Financial Services Authority (DFSA) has announced a record breaking number of firms licensed and registered since its establishment, achieving remarkable growth in 2023. 117 firms were …
The world is better seen from Dubai than from Davos
There is the US naval presence up in Bahrain. There is the common law in the Dubai International Finance Centre. What price Jebel Ali Port if America were to leave the guarding of shipping lanes to …
UAE Golden Visa: Dubai drops minimum down payment required for property owners
Property buyers are no longer required to make a Dh1-million minimum down payment to be eligible for the Golden Visa, Khaleej Times can …
The DFSA continues remarkable growth, issuing record number of licences since its inception
The DFSA noted a remarkable increase in Asset Managers and Hedge Fund Managers establishing presence in the DIFC, with the latter registering 125% year-on-year growth. Furthermore, as of November 2023 …