The Securities and Commodities Authority (SCA) has announced the closure of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) for the upcoming Eid Al Fitr holiday. The …
Dubai emerging as new hub for fugitives committing financial crimes
NEW DELHI: Dubai has come up as new hub for Indian fugitives involved in financial crimes as per Indian authorities. Recently, ED has attached worth Rs 24 crore of Pune-based VIPS group of companies …
United Arab Emirates: Trade, Finance, And Tourism Drive Economic Growth
According to the UN Conference on Trade and Development, foreign direct investment (FDI) inflows across the UAE rose 10% YoY in 2022, reaching nearly $23 billion, while global FDI fell 12%.
Banking sector sees Dhs25 billion increase in new saving deposits
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted around Dhs25 billion to reach Dhs270.48 billion at the end of January 2024, …
UPDATE 1-PIF-backed Riyad Bank considering IPO of investment banking unit
By Hadeel Al Sayegh and Federico MaccioniDUBAI, April 4 (Reuters) – Saudi Arabia’s Riyad Bank, the kingdom’s third biggest lender by assets, said on Thursday its board was considering an initial …
Top UAE banks to see stable profits in 2024, says Moody’s
While the UAE is expected to be the top performing economy in the Gulf region this year and next, lifted by the strong performance of its non-oil sector, the UAE central bank recently revised down its …
GTN enlists former Saxo Bank CCO Damian Bunce as new Middle East CEO
GTN co-founder and Group CEO Manjula Jayasinghe said: “We are thrilled to have Damian join us in Dubai as CEO of GTN Middle East. His industry and commercial acumen will elevate our success in …
Dubai: Salik Warns Residents Against Scam Emails, Social Media Posts, Clone Websites
Dubai’s toll gate operator Salik Company on Thursday asked customers to remain vigilant against clone websites, fraudulent emails, and social media …
UAE Ministry of Finance showcases social solidarity during the Holy Month of Ramadan
Abu Dhabi, UAE – The UAE Ministry of Finance today announced the launch of a series of community initiatives during the Holy Month of Ramadan, in line with its commitment to instil the values of …
Dubai’s Crypto Dreams Start With New Regulations
The crypto business has gotten off to a rocky start in the U.S., to say the least, with former industry superstar Sam Bankman-Fried just sentenced to 25 years in federal prison for billions in …
RAKBANK, DP World join forces to boost UAE trade finance
RAKBANK has joined forces with DP World to offer innovative and affordable trade finance solutions to businesses of all sizes across the UAE. This strategic partnership leverages DP World’s extensive …
Dubai’s Salik warns investors against scams offering instant stock buys
Individuals who are interested in purchasing Salik shares can deal with brokers and official channels, as well as visit Dubai Financial Market (DFM) website.” Trading platforms in the UAE too have …
Best Forex Brokers In The United Arab Emirates (2024): Top 10 FX Trading Apps UAE
The best Forex brokers in the United Arab Emirates are not just about offering various currency … It won multiple awards along the way, including accolades from World Finance, FX Report, and the …
Dh37,000 average salary: Number of people signing up for UAE freelance jobs doubles
Diverse visa options, tech adoption across sectors and freelancer-friendly policies are credited for surge in registrations …
Revealed: How Disney’s Financial Wizardry Boosted Its Return On Investment
It has emerged that Disney used unconventional financial terminology to calculate its performance in a flattering business presentation designed to convince stockholders to vote in its favor at its …
Kalpesh Patel Discloses How the UAE Creates a Collaborative Environment for Funds Growth
Are you an investor looking for a vibrant and lucrative market to grow your capital? Look no further than the … Continue reading …
UAE bank transfers hit $412bn in January
The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) reached about AED1.512tn ($412bn) in January 2024, according to the latest statistics from the …