For the first time in its history, the banking sector in the United Arab Emirates has achieved a remarkable feat, with the total assets surpassing 4 …
GCC IPOs raise $10.1bln during FY 2023, a decline of 55% YOY
Markaz’s report stated that the UAE led the region in terms of IPO proceeds during 2023, raising a total of USD 5.5 billion from 7 offerings constituted 54.0% of total GCC IPO proceeds. However, this …
UAE likely to rollover $2 billion debt for Pakistan
It is reported that Ministry of Finance said that caretaker Prime Minister Anwaar-ul-Haq Kakar had written a letter to the President of the UAE in this regard.
Espace Real Estate releases comprehensive data on sales and rentals across 30 well-known communities in Dubai
Espace Real Estate, with its leading market share in many of Dubai’s most well-known communities, manages middle to upscale and ultra-luxury properties, well-suited for families living in Dubai across …
Plus500 secures regulatory licence and strengthens its strategic expansion in UAE
Dubai UAE: The global multi-asset fintech group … and reflecting optimistic growth prospects in the foreseeable future. Since its IPO a decade ago on the London Stock Exchange, Plus500’s accumulated …
UK millionaires head to UAE: Richest Brits leave as cost of living crisis worsens, Dubai real estate to benefit
UAE’s relatively lower cost of living, salary benefits, economic stability and security, coupled with its rising status as an emerging global hi-tech hub are seen to attract most UK millionaires and p …
UAE Likely to Roll Over $2 Billion Loan to Pakistan This Week
The United Arab Emirates (UAE) is expected to roll over a $2 billion loan to Pakistan for one year, sources in the Ministry of Finance told ProPakistani.
Hope for Pakistan: UAE may rollover $2 billion loan for a year
Pakistan’s finances may see a crucial lifeline as the UAE considers extending a $2 billion loan, alleviating pressure after a successful IMF review …
Dubai Islamic Bank Unveils ‘DIB XTRA’, an Exclusive Salary Transfer Campaign
Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, has launched ‘DIB XTRA’, an offering that will reward customers who open a salary transfer acc …
China Construction Bank lists $600m green bond on Nasdaq Dubai
The total value of bonds listed on Nasdaq Dubai by China Construction Bank – Hong Kong and Dubai branches – now stands at $2.45bn.
UAE expats are aiming to save more money, buy properties amid rising rents
Increasing rental prices are encouraging individuals to consider property investments as a means to yield profitable returns …
UAE: New system to automatically lift travel ban, release frozen bank funds after payment of dues
A first of its kind system in the UAE and the region, now, instantly tracks and cancels all judicial decisions after the required payment of …
UAE GDP to grow more than 5% in 2024, real estate to remain stable: economists
The UAE’s GDP is expected to expand by more than 5 per cent in 2024, exceeding the 2.8 per cent growth expected for the global economy, according to Standard Poor’s (SP) Global Ratings projections.
China Construction Bank lists $600 million green bond on Nasdaq Dubai
Total value of bonds listed on Nasdaq Dubai by China Construction Bank is $2.45 billion To mark the issuance, Li Xuhang, Consul-General of the People’s Republic of China in Dubai and Hamed Ali, CEO of …
Court case reveals corruption-accused Isabel dos Santos has bank accounts in SA
The superrich daughter of Angola’s former president, who became known for running one of the most corrupt regimes in Africa during his four-decade reign, is battling courts that are freezing her …
DIFC, Guernsey Finance collaborate to unlock dynamic economic growth
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced it is joining forces with Guernsey Finance, a …
Nasdaq Dubai welcomes listing of US$600 million green bond by China Construction Bank
Nasdaq Dubai has welcomed the listing of a US$600 million green bond by China Construction Bank (DIFC Branch). The green bond issuance targets combating climate change, represents China Construction …