The Dubai Financial Market (DFM) has announced the commencement of the rights issue for Ajman Bank, which will be available for trading on the exchange from July 17 to July 31, 2023. During the …
Retiring in the UAE: Over a third of people plan to settle down in country, 76% consider long-term investment
National Bonds survey highlights financial plans of people in the UAE Retiring in the UAE: Over a third of people plan to settle down in country, 76% consider long-term investment National Bonds, …
Ratings agencies upgrade leading Dubai property developer
DUBAI, UAE – Emaar Properties PJSC, a prominent real estate developer in Dubai, listed on the Dubai Financial Market, has received credit rating upgrades from Fitch Ratings, Moody’s, and S&P Global, …
DRC: UAE signs $1.9 billion deal with state-owned mining company
The United Arab Emirates have signed a $1.9 billion deal with a state … according to the Congolese Ministry of Finance.
Dubai approves planning law to encourage investment and sustainable development
Deira and Bur Dubai will remain the beating heart of tradition, while Downtown Dubai and Business Bay are to act as the emirate’s financial centre. Dubai Marina and JBR will be at the forefront of …
UAE participates in the Third G20 Finance Ministers and Central Bank Governors Meeting
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting from 16th …
UAE signs deal to develop mines in eastern DR Congo
The United Arab Emirates has signed a $1.9bn deal with a state mining company in the Democratic Republic of the Congo (DRC) to develop at least four mines in the African country’s turbulent east, the …
Agreement between UAE and the Democratic Republic of Congo to develop $1.9 billion in mines
UAE Signs $1.9 Billion agreement to develop mines in the Democratic Republic of the Congo. The Congolese presidency announced on Monday that the United Arab Emirates has signed a $1.9 billion …
Influencer Facing Jail in Dubai ‘in Panic Mode and Afraid,’ Mom Says
Houston woman Tierra Allen, a 29-year-old who runs the popular “Sassy Trucker” TikTok account, has been stranded in Dubai after yelling in public.
How GCC wealth funds are fuelling growth and prosperity
The region’s sovereign investors are broadening their investments in various sectors including healthcare, technology, private equity and hedge funds as part of a diversification strategy away from …
UAE and Japan sign 23 new MoUs in trade, investment, energy, industry, health & technology sectors
The UAE seeks to cooperate with its Japanese partners and the private sector in various vital sectors such as tourism, advanced technology, Artificial Intelligence, healthcare, finance, manufacturing, …
Summit Bank renamed as Bank Makramah after acquisition by UAE investor
LAHORE (Web Desk) – The Summit Bank Limited would now be called Bank Makramah Limited (BML). Reason? Because a Dubai-based businessman, Nasser Abdullah Hussain Lootah, acquired the institution earlier …
Dubai real estate market records over $817m worth property sales on Monday
data by Dubai’s Land Department (DLD) showed. Monday’s transactions included 675 sales deals worth AED2.49 billion, mortgage deals of AED518.57 million, and 8 gift deals amounting to AED19.9 million.
Dubai’s YallaHub secures $6 million funding for expansion into Saudi Arabia and Qatar
ecosystem for financial and investment instruments, and others. Tesla directors to return $735 million to company as they ‘overpaid themselves’ A 700% jump in tomato prices creates windfall for Indian …
Dubai-based marketplace aggregator YallaHub secures $6m in pre-series A funding
Part of the funds will also be deployed to finance the venture’s planned expansion into Saudi … The company is built upon the foundations of YallaMarket, a Dubai-based ultra-fast grocery delivery …
DIFC Continues to Drive Action on Global Climate Change on Path to COP28, Announces Future Sustainability Forum in Dubai
The inaugural Future Sustainability Forum marks the Year of Sustainability in the UAE and will be held in Dubai 4-5 October 2023. Agenda supports COP28’s 4-pillar plan on fast-tracking the transition, …
ADIB launches UAE’s first long-term, fixed-rate home finance
Abu Dhabi Islamic Bank (ADIB) announced the launch of its new product, ‘Istikrar’, the UAE’s first long-term, fixed-rate home finance. This product offers customers a consistent, fixed monthly …