IMF, World Bank and Central Bank of the UAE make economic forecasts for 2023 UAE economy will see strong growth in second half of 2023: forecasts covid-19, IMF, IMF forecast, UAE, UAE economy, World B …
Dubai Financial Market adds 26,953 new investor accounts in first half of 2023
DUBAI, 1st July, 2023 (WAM) — Brokerage companies at the Dubai Financial Market added 26,953 new investor accounts in the first half of 2023. The market reportedly witnessed significant momentum …
Dubai Islamic Bank Introduces DIB ‘alt’, a New Virtual Banking Experience
The financial service provider announced the launch of DIB alt, “a full-fledged digital umbrella brand to house all of the bank’s digital offerings.” …
The Ultimate Guide to Investment Properties in Dubai: Tips, Trends and Opportunities
Dubai property investment has become a lucrative venture over the years as it offers a plethora of opportunities for investors seeking a unique combination of high returns and low risk in – Mediawire …
DP World Trade Finance wants to bridge the trade finance gap
Sinan Ozcan, senior executive officer of DP World Trade Finance – part of the company that handles around one-eighth of global trade volumes – talks to Euromoney about its plans to finance these …
UAE IPO boom to continue amid foreign investment and competitiveness push
The UAE’s momentum of initial public offerings will continue for a couple more years, as the country presses forward with measures to boost foreign investment and economic development that enhance its …
UAE banks’ funding to commercial, industrial sectors up 5.6%
As per the latest Central Bank of the UAE data on credit financing, the national banks increased their credit balance for the two sectors by $572mln or 0.3% in April …
English Court enforces a Dubai Court Judgment against UAE national and holds that Liability cannot be Evaded by Transferring Assets to Family
The High Court in England and Wales has held that a judgment obtained in the onshore Dubai Courts in favour of Emirates NBD Bank to enforce a personal guarantee against a UAE national is enforceable …
Swiss banking giant Julius Baer expands crypto wealth management services in Dubai
Julius Baer Group, one of Switzerland’s prominent private banks, is making its first significant foray into digital assets beyond its home country. The financial institution is expanding its crypto …
UAE banks’ funding to commercial, industrial sectors up 5.6pc
As per the latest Central Bank of the UAE data on credit financing, the national banks increased their credit balance for the two sectors by AED2.1 billion or 0.3 percent in April, up from AED735.2 …
Mbank collaborates with Khalifa Fund to launch its corporate banking platform
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Corporate tax in UAE free zones: All you need to know
In a landmark decision on June 1, the UAE introduced corporate tax businesses operating in the country. The move is a significant step in the UAE’s efforts..
UAE: Tax for Indian tourists on overseas spending postponed
This follows the Indian Finance Ministry’s decision to postpone the imposition of a 20 per cent tax on this category …
ACME-Worawat Ventures into Global Market with $300 Million Investment in UAE
Worawat Narknawdee, a renowned fintech tycoon, has invested $300 million in the UAE and formed a partnership with the global company TransEuro Group as a consultant.
UAE’s economy confirms its strength with a GDP growth of 7.9%, surpassing expectations of analysts and international institutions
The UAE’s GDP in 2022 at constant prices totalled AED1.62 trillion, achieving a positive growth of 7.9 percent, while totalling AED1.86 trillion at current prices, an increase of more than AED337 …
UAE national banks provide $201bn in financing by April
UAE national banks increased their credit balance by Dhs2.1bn or 0.3 per cent in April, up from Dhs735.2bn a month earlier.
Trio Advise on $888M Saudi Grain Products IPO
Legal Advisors Abdulaziz Alajlan & Partners in association with Baker McKenzie have advised First Milling Company, a Saudi producer of grain products, on its SAR 3,330 million ($888 million) initial …