The UAE has been taking impressive strides to reinforce its position as the global hub of Islamic finance industry with its Shariah-compliant banking sector currently accounting for 23 per cent of …
UAE: Central Bank reports 10% growth in cash deposits
The Central Bank of the UAE (CBUAE) released data showing cash deposits surged to AED 687.2 billion this October, marking a substantial annual increase of 10.2 percent, or AED 63.7 billion, compared …
CBUAE issues UAE Islamic Finance Report 2023
Abu Dhabi: The Central Bank of the UAE (CBUAE) has issued the UAE Islamic Finance Report 2023 which highlights the sustainable Islamic finance efforts of Islamic financial institutions (IFIs) across …
NWTN collaborates with Abu Dhabi Islamic Bank
NWTN and Abu Dhabi Islamic Bank will collaborate to enhance financing options in the electric vehicle market in the UAE …
Are You Considering a Job in the United Arab Emirates?
What are the top jobs in the United Arab Emirates?The top jobs in the United Arab Emirates (UAE) can vary based on industry demand, economic trends, and government priorities. However, certain sectors …
UAE mortgage platform Huspy records $270m in home financing
UAE-headquartered proptech startup Huspy which is redefining home buying in the Middle East & Europe, has announced that its mortgage unit in the UAE has processed a record AED1 billion+ ($270 million …
Investors and Visionaries Chart a Course for Success: VC Founders Yacht Cruise Returns to Dubai!
After the resounding success in Singapore, the VC Founders Yacht Cruise sets sail for an even grander affair in the dazzling city of Dubai! Scheduled for the 17th of April 2024, this year’s event will …
WTI Cabs files DRHP for launching NSE SME IPO. Details here about upcoming IPO
WTI Cabs aims to launch its NSE SME IPO in the month of January 2024 provided its gets SEBI’s nod as per its estimates …
Dubai property prices pass 2014 levels to reach all-time high, up 45% in three years; 130,000 transactions expected this year
The 394 bulk loans issued for the month were spread across several projects, most notably portfolio mortgage registrations in Siraj Tower (203) in Arjan, Rokane G22 (62) in Dubai’s Jumeriah Village …
UAE announces new law introducing authority to combat corruption and audit public finances
The UAE has announced a new authority to audit public finances and combat corruption in the country. President Sheikh Mohamed bin Zayed Al Nahyan has issued Federal Decree-Law No. (56) of 2023 on …
NWTN Collaborates with Abu Dhabi Islamic Bank for Innovative Auto Financing Solutions
NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN” or the “Company”), is proud to announce a …
The DFSA and the HKMA join efforts to accelerate sustainable finance across the Middle East and Asia
The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) announced today a partnership aimed at exploring how to furthe …
Dubai Islamic Bank Unveils ‘Nest’ – A Breakthrough in Green Living
In a move that underscores its commitment to sustainability and responsible banking, Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, toda …
Expat scam: Dubai residents targeted in new banking fraud
Some Dubai expats fell victim to a new banking fraud scheme which has drained accounts through unsolicited online purchases.
When interest rate cuts happen, Dubai homes will again turn affordable for mid-income buyers
As a result, properties will become more affordable in the US next year, and as the UAE Central Bank moves in step with the Fed, this will create greater affordability in the UAE. One of the concerns …
Indian rupee drops against UAE dirham, premiums dip on Fed push back
Asian currencies struggled after more Fed officials indicated that the market is probably ‘too optimistic’ in its rate cut expectations, experts say …
Dubai FinTech Summit 2024: Catalysing the MEASA Financial Ecosystem
The Dubai FinTech Summit is a strategic platform aligned with Dubai’s vision to become one of the top four global financial hubs by 2033.