Dubai Aerospace Enterprise (DAE) today announced that it has signed a new multi-tranche financing, structured as a combination of revolving credit facilities and term financing facilities, each …
UAE’s $1.5 billion dollar bond issue oversubscribed five times
The Federal Government of the UAE, represented by the Ministry of Finance, successfully closed its offering of a US dollar-denominated 10-years $1.5 billio..
Luxury Real Estate Market Boom in Dubai: Legal Considerations
lays down the foundation for property transactions in Dubai. According to Article 9 of this law, all dispositions that create, transfer, change, or extinguish real property rights must be registered.
Dubai records over AED2.6 billion in realty transactions Monday
Dubai real estate market recorded 567 sales transactions worth AED1.88 billion, in addition to 155 mortgage deals of AED688.9 million, and 17 gift deals amounting to AED44.05 million on Monday, data …
Baker McKenzie Hires One and Loses Another in the UAE
The firm recently moved its office to the Dubai International Financial Centre, and has made several lateral appointments in the Middle East region.
Dubai International Financial Centre on track for 20% insurance sector growth
Dubai International Financial Centre (DIFC) continues to steer the city’s position as a global hub for the insurance and reinsurance industry. Having granted several licences to insurance and …
UAE achieves substantial progress in countering money laundering, terrorist financing in H1: Hamid AlZaabi to WAM
Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), revealed that the UAE has completed a comprehensive review of AML/CFT progress made in the first half of 2023 which shows significant improvement across the board.
Kuwait’s finance ministry says cyber attack hits one of its systems
Kuwait’s finance ministry said on Monday that one of its systems had suffered a cyber attack in the early morning but that the ministry continued to work normally.
Dubai’s Economic Powerhouse: Women At The Helm Of Progress And Innovation
In Dubai’s dynamic economy, women have emerged as architects of progress, leaving an indelible mark across sectors. Their influence isn’t confined; it’s woven into the fabric of finance, technology, healthcare,
Shuraa partners with Wio to provide digital banking services in UAE
Shuraa Business Setup, among the leading corporate consultancies in the UAE, recently formed a strategic partnership with one of UAE’s top digital banks — ..
Oman’s OQ Gas Networks sets price range for IPO
DUBAI, Sept 18 (Reuters) – Oman’s OQ Gas Networks (OQGN), the pipeline business of state oil giant OQ, has set the offer price range for its initial public offering (IPO), it said in a regulatory …
Baker McKenzie bolsters Middle East banking and finance practice with new partner hire in the UAE
Dubai, UAE: Leading international law firm Baker McKenzie has hired Adil Hussain from Clyde & Co as Partner and Head of the Banking & Finance practice in the UAE, and Global Head of Islamic Finance.
Dubai Sustainable City Developer Considering 2024 IPO
SEE Holding, which developed the Middle East’s first residential community to achieve net zero, is considering an initial public offering of its Sustainable City entity in the United Arab Emirates, …
Top UAE banks’ combined H1 2023 profit hits $7.4bn
UAE’s banking sector continues to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape.
Uae Records Fiscal Surplus As Revenues Grow 31.8% In 2022
The government recorded a fiscal balance surpin 2022 as revenues grew at a staggering 31.8 per cent, supported by high oil prices, increased tax rev …
UAE government revenues grow 31.8% in 2022
The UAE government revenues grew at a staggering 31.8 per cent last year, supported by high oil prices as well as strong growth in the …
UAE bank launches app for visually impaired in first service of its kind
A UAE-based bank has updated its app with a screen reader to serve people with visual disabilities as the first service of its kind in the country. This came after a visually challenged customer …