Khalid Mohammed Salem Balama Al Tamimi, Governor of the Central Bank of the UAE, and Chairman of the National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal …
UAE removed from Financial Action Task Force ‘grey list’
Khalid Mohammed Salem Balama Al Tamimi, Governor of the Central Bank of the UAE, and Chairman of the National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal …
Best places to work in UAE; Saudi tax warning; Oman announces holiday; Dubai real estate costs explained – 10 things you missed this week
UAE real estate market boost as finance giants offer cross-border payments for international property investors UAE property investors have been handed a financing boost, thanks to an international …
Egypt, UAE sign major investment deal for Ras al-Hikma peninsula
DUBAI, Feb 23 (Reuters) – Egypt signed on Friday an investment … said that it will buy an additional 23 aircraft from Kuwait-based ALAFCO Aviation Lease and Finance for $1.1 billion. Travel company …
Aggregate capital, reserves of UAE banks surge to Dhs481.5b
The aggregate capital and reserves of banks operating in the UAE increased 13.3 percent, reaching Dhs481.5 billion by the end of November 2023 compared to Dhs424.9 billion at the end of the same …
How Dubai Expert Lost Dh8,400, Got Bank To Refund It After Online Scam
In a letter addressed to a UAE bank, Marie, a Filipina living in Sharjah, disputed the claim by the bank that“the fraudulent transactions were completed under contactless mode which was activated …
Dubai’s TECOM eyes acquisitions, new developments to meet demand
made its debut on the Dubai bourse in 2022 after raising AED 1.7 billion ($462 million) in an initial public offering (IPO). The company reported AED 1.078 billion in net profit for 2023, up by 49% …
Dubai: How to recover money lost to online scams and fraudulent transactions
A Dubai-based legal and financial expert, who has been helping residents recover money from online scams and debt traps, had fallen victim himself to a fraudulent transaction. But he was able to …
UAE ranks world’s fourth largest Islamic finance market
The CBUAE said in its UAE Islamic Finance Report 2023 that the Islamic finance sector grew by 11 percent in 2022 …
Dubai’s economy would grow by around 5% this year: Al Ghurair
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, predicted that Dubai’s economy would grow by around 5 percent this year. He mentioned that Dubai benefits from robust infrastructure, an …
Australia eyes UAE’s billions for critical minerals investments in trade talks
Trade Minister Don Farrell is optimistic short, sharp negotiations for a deal with the United Arab Emirates will unlock billions of dollars of investment in Australia’s critical minerals sector.
UAE economic growth expected to be over 5.5% in 2024: Saxo Bank
Damian Hitchen, CEO of Saxo Bank in the MENA region, believes that the UAE economy will continue to grow in 2024. This growth is expected to be over 5.5 percent, mainly due to investments in …
DEWA announces offer price range and start of subscription period for IPO
The IPO subscription period starts today and runs until 2nd April 2022 for the UAE Retail Offering and 5th April 2022 for the Qualified Investor Offering. The final offer price will be determined …
Dubai Property Frenzy Sees Buyers Queue for Million-Dollar Homes
Hundreds of buyers queued overnight outside a Dubai-based developer’s office for a chance to snap up luxury waterfront homes, in the latest sign of the frenzy gripping one of the world’s hottest …
AHR Group strengthens UAE Wealth Management team with two key appointments
Dubai: AHR Group, the Dubai-based specialist provider of financial, tax and estate planning services for expatriates, announced today that it has made two key hires to boost its private wealth …
Dubai Islamic Bank Discontinues ‘Salary in Advance’ Service
Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant lender, has stopped its widely-used ‘salary in advance’ service for customers. The decision was made following the bank’s comprehensive …
How a Wall Street minnow earned the trust of the Middle East
The boutique moved a senior equity capital markets banker to Dubai from Hong Kong in late 2022 to capture a bigger slice of the IPO boom. Advisory specialists from Lazard to Jefferies Financial Group …