Climate experts have stated COP29 will focus on adaptation and mitigation funding, as the United Nations Framework Convention on Climate Change (UNFCCC) pushes for its “new collective quantified goal …
UAE Central Bank revokes licence of Cogent Insurance Broker
The UAE Central Bank has revoked the licence of Cogent Insurance Broker, which operates in the Emirates. The banking regulator also struck its name from the insurance broker registry as it continues …
Commercial Bank of Dubai and Visa sign memorandum of understanding on sustainability initiatives
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is …
UAE’s Fundbot raises $1.5 million Seed
UAE-based fintech Fundbot, has raised a $1.5 million Seed round led by Hambro Perks Oryx Fund, with further support from …
UAE private companies committed to Emiratisation to get priority for government tenders
Others benefits of achieving the target includes enlisting the firms in the Emiratisation Partners Club, and enjoying the benefits of Nafis for companies and individuals – such as the financial …
UAE to Begin Fines and Work Bans for Uninsured Workers
Approximately 14% of eligible employees in the UAE have yet to acquire mandatory insurance against job loss, stated the Ministry of Human Resources and Emiratisation (MoHRE). The scheme, introduced in …
UAE interest rates unchanged after US Fed announcement
The Central Bank of the UAE has said it would keep interest rates unchanged following a similar announcement by the US Federal Reserve overnight.
UAE Central Bank maintains base rate at 5.40%
ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 percent. This decision was taken …
UAE: CBUAE maintains Base Rate at 5.40 per cent
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per cent.
UAE Central Bank holds rates steady following Fed lead
The UAE Central Bank kept its benchmark interest rate steady, following the US Federal Reserve’s move to maintain its policy rate for the third consecutive time this year amid a slowing economy and a …
Bank ABC in deal to fund Majid Al Futtaim solar power projects
Enec partners with Canadian nuclear group for IMSR plant development; Nextracker hits 10-GW milestone in MEA solar power markets; Besix, Hitachi Zosen Innova in Dubai waste manage …
UAE Follows US Federal Reserve To Leave Rates Unchanged
The Federal Reserve on Wednesday left interest rates unchanged for a third straight time at 5.25 per cent to 5.5 per cent, as inflation heads toward …
Dubai’s economy shows ‘strong upwards trend’
Operating conditions in the Dubai non-oil private sector economy improved sharply in the penultimate month of the year, despite the rate of growth softening from October, analysts at S&P Global said.
The biggest takeaways from COP28, the UN climate conference in Dubai
Nearly 200 nations have agreed to transition away from fossil fuels, in a landmark consensus touted to drastically accelerate climate action.
Iraq, UAE to finance trade exchange in UAE dirham
The Central Bank of Iraq (CBI) revealed on Wednesday that Iraq and the UAE agreed to finance trade exchange and imports in UAE dirham.
Oman Arab Bank and First Carbon Investments sign MoU
Muscat, Oman – Oman Arab Bank (OAB) and First Carbon Investments (FCI) announced the signing of a Memorandum of Understanding (MoU) to accelerate the deployment of new clean technologies in MENA. The …
noqodi partners with Napier to secure Digital Payments in the UAE
Napier, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform f …