The UAE economy is projected to grow above 6 per cent in 2022, after expanding by 3.8 per cent in 2021, the International Monetary Fund has said.
UAE set for strong near-term growth after a robust 2022: IMF
Overall, GDP growth is projected to reach above six per cent in 2022, higher than the previous forecast, and recording a remarkable increase from a 3.8 per cent surge in 2021 …
Dubai airport chief says passengers top pre-pandemic level
The CEO of Dubai International Airport says passenger numbers for the third quarter of 2022 have surpassed pre-COVID-19 pandemic levels …
Saudi discussing $5 billion deposit for Turkey – Saudi finance ministry spox
REUTERS/Cagla Gurdogan DUBAI, Nov 22 (Reuters) – Saudi Arabia and Turkey are discussing a $5 billion deposit at Turkey’s central bank, a Saudi Ministry of Finance spokesperson said on Tuesday. “We are …
UAE-based fintech Qashio raises $10m in a seed round
Qashio virtual and physical cards combined with its software allow firms to manage their spending in a more automated and transparent way.
UAE Banks Federation reiterates importance of supporting SMEs
The UAE Banks Federation underscored the importance of providing appropriate banking and financing solutions to SMEs …
UAE Banks Federation reiterates the importance of supporting small and medium enterprises to enhance economic development
The UAE Banks Federation, the unified representative and voice of UAE banks, recently organised a webinar on growth opportunities and innovation of banking solutions for small and medium enterprises …
Azizi inks pact with Dubai South for mega plot of land
Azizi Developments signed a deal with Dubai South on Tuesday, acquiring a plot of land of 15 million square, with a gross floor area (GFA) of nearly 24 mil..
UAE’s fintech Qashio raises $10 million Seed to accelerate KSA expansion
UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing. Investors …
UAE-based fintech Qashio raises $10mln
Founded in 2021 by seasoned serial entrepreneurs with multiple successful exits, Jonathan Lau and Armin Moradi, Qashio is the first fintech in UAE history to issue employee corporate cards …
UAE announces new plans to stop money laundering, terror financing
The UAE has proposed a regulatory approach to curb money laundering and terrorism financing activities, with a national committee suggesting allowing formal sharing of strategic information and …
Dubai Islamic Bank takes orders for debut sustainable sukuk – document
DUBAI, Nov 22 (Reuters) – Dubai Islamic Bank has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic …
Deutsche Bank Targets Asia, Middle East for Wealth Ambitions
Claudio de Sanctis is targeting markets far from home as Deutsche Bank AG seeks to become Europe’s go-to wealth manager.Most Read from BloombergSwedish Housing Is Now in the Worst Rout Since the …
Dubai Financial Market launches new general index
The developed indices provide various market participants with investable and tradeable benchmarks for the DFM equity market …
UAE: Man demands Dh250,000 from woman for ‘damaging reputation’
The plaintiff said he was shocked when the defendant filed a case against him for allegedly beating her up and insulting her at her workplace …
Dubai’s DMCC digitises gold trading in partnership with ComTech Gold
Comtech Gold tokens will be created on the XinFin Protocol blockchain network based on the deposit of physical gold bars located in DMCC-approved vaults.
Dubai property deals hit $419mln on Monday
Buyers continued to flock to Dubai’s property market, with real estate deals reaching AED1.54 billion ($419.3 million) on Monday, data from the Dubai Land Department (DLD) showed. Total sales stood at …