In the third quarter of 2022, Dubai’s real estate market witnessed the highest performance for a quarter in 12 years.
Saudi Arabia’s state fund hires banks for IPO of ADES, sources say
Saudi Arabia’s sovereign wealth fund is planning an initial public offering (IPO) of oil and gas drilling firm ADES International in Riyadh next year that could fetch more than $1 billion, according …
Dubai bourse DFM launches new general index
New methodology caps threshold of DFM index individual constituent at 10% instead of 20% The Dubai Financial Market (DFM) has launched a new general index which provides market participants with …
Dubai Islamic Bank joins forces with Al Ramz Corporation for brokerage service
Dubai Islamic Bank has entered into a strategic alliance with Al Ramz Corporation to offer its clients access to specialised and diversified capital markets services. Under the arrangement, Al Ramz …
CFI Dubai: CFI Financial Group Hosts a Celebratory Day for the Visit of its Global Brand Ambassador, Pep Guardiola
CFI Financial Group, a globally regulated trading provider enabling next-generation access to financial markets, hosted a celebratory day for the visit …
Finance House introduces real-time payment services with UAE-founded Global Software Solutions Group
Finance House, one of the UAE’s leading financial institutions, has signed a first-of-a-kind agreement with Global Software Solutions Group, a UAE-founded software solutions organization, to offer …
UAE top choice of investors as FDI inflows to hit $22b this year
The UAE will continue to drive foreign direct investment (FDI) capital into the region as investors prefer the emirate due to its business-friendly policies, excellent infrastructure, …
UAE remains top choice of investors as FDI inflows to hit $22 billion this year
Hatem El Safty, CEO of Business Link, said the UAE will attract a major share of $66 billion in potential FDI inflows into the Middle East, North Africa, and Pakistan (MENAP) in 2023 as global …
UAE: 3 traffic fine discount schemes explained; how to get up to 50% off on penalties
Two emirates have announced that motorists need to pay just half of their fines, while another has a pay-early-get discounts offer going on …
Sheikh Mohammed meets King of Bahrain in Dubai
The leaders discussed ways to further boost ties between the UAE and Bahrain in different areas and identify new collaboration opportunities to benefit the peoples of the two countries. Both sides …
UAE’s FinTech sector is growing
The UAE financial technology (FinTech) sector is one of the fastest growing in the region on account of the UAE leadership and their drive to encourage and develop the sector, this was revealed during …
Top 10 UAE banks’ profitability surges 15.1% in Q3
The top ten UAE banks’ profitability in the third quarter 2022 jumped on the back of higher core interest income despite a slowdown in loans and advances g..
Qatar bans beer at World Cup, Dubai slashes commute times, UAE scraps VAT – 10 things you missed this week
Dubai slashes commute times, Qatar bans beer sales at World Cup and there is a $5bn floating turtle city coming to Saudi Arabia Dubai commuters will be getting to work faster, football fans in Qatar …
Why invest in Dubai: eco-friendly city with high ROI on renting out and cryptocurrency in use
In almost all areas of the most famous emirate, the cost of rent is growing, but the highest growth rates are observed in the areas of: Downtown, Discovery Gardens, Dubai International Financial …
Dubai-born Lebanese expat becomes jewellery entrepreneur to ensure financial security
UAE resident shares mistakes, lessons when starting jewellery e-retail platform at age 32 UAE-based Lebanese expat Iman Fawaz, 32, learnt from a young age how to save money and plan for a business by …
Now Visitors Can Sell USDT in Dubai for Cash at SUID OTC Desk
As a well-established crypto OTC in Dubai, SUID wants to increase its crypto exposure in Dubai. Dubai finds itself as a regional financial and also a crypto-financial hub for businesses and startups …
UAE banking sector has strong foundation to continue growing
Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the unified representative and voice of UAE banks, said that the banking sector in the UAE has a solid foundation to continue to grow and …