Shortly after the Fed’s announcement, the UAE Central Bank said it’s keeping its interest rate unchanged. “The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the …
UAE to pump new investments in Egypt: Emirati investment minister
The UAE is poised to inject additional investments in Egypt across various development sectors, said Mohammed Al-Suwaidy, the country’s minister of investment.
EXCLUSIVE: FIVE hotels to create 50 new “staff millionaires” after IPO
FIVE Holdings will create up to 50 new staff millionaires following its IPO in 2025, the group’s founder Kabir Mulchandani has revealed. In an interview published in Arabian Business, Mulchandani said …
Under President’s leadership, UAE positioned itself as key player in shaping world’s future: Sheikh Mohammed
Sheikh Mohammed meets UAE astronauts Sultan Al Neyadi, Hazzaa Al Mansoori and Mohammad Al Mulla along with the ‘Zayed Ambition 2’ team from the Mohammed Bin Rashid Space Centre (MBRSC).
Ministry of Finance hosts training session on updated internal audit methodology for the federal government
The session was organized by the Financial Policies and Government Accounting Standards Department and attended by audit directors from various ministries and federal entities …
Global investment of $4 trillion needed for net zero emissions by 2050: Experts
The AIM Summit brings together industry leaders to explore trends and opportunities in the alternative investment industry and emphasises the role of the private sector in addressing climate change …
Dubai Financial Market and Tawasal SuperApp partner to boost accessibility and investor engagement
The collaboration between DFM and Tawasal aims to enhance data accessibility The strategic collaboration between Dubai Financial Market (DFM) and Tawasal will greatly enhance users’ access to …
DFM reports strong financial results for 9M 2023, net profit up 109%
The total market capitalisation of DFM increasing from AED576 billion in 9M 2022 to AED697 billion this year Dubai Financial Market (DFM) net profit increased by 109 percent to AED186.2 million ($50.7 …
Dubai Islamic Bank Posts Record Profits Amid Economic Volatility
In an era of uncertainty and economic volatility, the Dubai Islamic Bank (DIB) has emerged as a beacon of financial resilience, posting record profits for the first nine months of 2021. The bank’s net …
UAE Stock Markets Surge in October: A Tale of Resilience and Growth
In the sandy dunes of the UAE, a different kind of storm was brewing in October – a financial one. The local stock markets in the country saw a rejuvenated surge, bolstering their capitalization by …
Dubai Financial Market Reports 109% Increase in Net Profit Amid Surge in Trading Activity
In the opulent heart of Dubai, the city’s financial hub pulsates with a different kind of energy. Amid towering skyscrapers and sprawling trading floors, a story of remarkable growth unfolds. The …
MENA investor community key force in unlocking $4trln per year in Climate Finance
DUBAI:The Alternative Investment Management Summit (AIM) celebrated its latest edition convening investors and managers from various sectors of the alternative investment industry, including hedge …
UAE President receives Mohammed bin Rashid
Their Highnesses exchanged greetings with the assembled majlis guests and engaged in talks together covering a number of topics …
Dubai Islamic Bank’s Q3 2023 net profit rises 18% to $1.3bln
Dubai Islamic Bank, the biggest Islamic lender in the UAE, saw its net profit rise by 18% year-on-year in the third quarter of 2023, supported by growth in core revenues and decline in impairment …
Dubai Islamic Bank profit climbs 20% driven by higher income
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, reported a nearly 20 per cent increase in third-quarter net profit, as revenue rose on economic growth in the emirate. Net …
Dubai Taxi to launch $300 million IPO, report says
Dubai Taxi Corporation aims to secure $300 million in capital through a planned initial public offering (IPO).. Dubai Taxi to launch $300 million IPO, report says. dubai, dubai taxi, Dubai Taxi IPO, …
Tawasal, Dubai Financial Market Announce Partnership To Enhance Trading Experience
Abu Dhabi-based multi-purpose messenger Tawasal SuperApp and Dubai Financial Market (DFM) have announced a strategic partnership to boost accessibil …