The client reportedly obtained financing for investment certificates and agreed to pay it in monthly installments. He also obtained a credit card with a monthly salary guarantee, but he did not commit …
UAE stocks: Clock starts ticking for next big IPO before Lulu Group’s 2024 float
As investors rake in H1-23 dividends, IPO talk shifts to Dubai Taxi, Lulu and others The DFM is up a near 25% year-to-date. Will Q4-2023 light up UAE markets with more IPOs, or would Lulu provide the …
Dubai a ‘natural’ fit for Pakistanis looking to buy property abroad
Pakistanis have a huge interest in buying real estate in Dubai due to factors including proximity and “close ties” with the UAE, according to Simon Baker, managing director at real estate firm haus & …
Dave Portnoy Drops a Record $42 Million on a Hedge Fund Manager’s Waterfront Nantucket Retreat
Retirees Are Moving Overseas and Settling Down in Dubai. Per The Wall Street Journal … The sellers, a pair of trusts known as MAK Daddy and MAK Shack, are both linked to hedge fund manager Mike …
UAE: General Budget Committee reviews draft federal budget for 2024
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, chaired the periodical meeting of the UAE’s federal General Budget …
CBUAE lifts monitoring imposed on bank operating in UAE
The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s adherence to the …
Commercial Bank of Dubai commits to carbon neutral operations by 2030
Dubai – To combat climate change and advance the UAE’s sustainable future, Commercial Bank of Dubai (CBD) announces its commitment to carbon-neutral operations by 2030. Further, the commitment …
Digital Dubai warns of phone hacking operations via the “WhatsApp” application
The Dubai Digital Authority has warned of phone hacking operations via the WhatsApp application, as fraudsters attempt to seize data and request bank card information. The authority said in its …
‘There are several compelling reasons to maintain a bullish outlook on the Dubai real estate market’ – Samana Developers CEO
The Central Bank of the UAE rules caps off-plan mortgages at a maximum of 50 percent. Otherwise, banks in Dubai are displaying a significant appetite for lending and providing suitable products to …
Emirates NBD Bank hires banks for debut green bond issue -document
(Reuters) – Emirates NBD Bank has mandated banks to arrange a global investor call on Monday as it prepares to issue its debut green bond, a document showed on Monday. Dubai’s largest lender has hired …
UAE energy min: investments to determine fuel prices at the pump
Fuel prices consumers pay at the pump will be driven by a willingness to keep investing in fossil fuels, the UAE’s energy minister said on Monday, as oil industry leaders reiterated the need for …
Dubai International Financial Centre (DIFC) Announces Consultation on Digital Assets Law
Dubai International Financial Centre (DIFC), the financial center in the MENA and Southeast Asia region, proposed to enact a Digital Assets Law.
Dubai Islamic Bank partners with HPE GreenLake
Dubai Islamic Bank (DIB) has selected the HPE GreenLake edge-to-cloud platform to modernise its core banking system. In doing so it will deliver improved customer experience and launch new services …
Chinese premium EV brand Zeekr eyes launch in UAE, Saudi Arabia – FT
Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, is accelerating towards a launch in the Middle East, with the UAE and Saudi Arabia in its sights. The company said it was also …
Spurred by strong liquidity, UAE banks outperform GCC peers
Banks in the UAE are outperforming their GCC peers on the back of strong liquidity conditions underpinned by high oil prices, foreign capital inflows, and ..
Dubai Islamic Bank Enters Digital Banking Sector in Turkey
Dubai Islamic Bank (DIB), the largest participation bank by asset size in the United Arab Emirates, has officially entered the Turkish digital banking and …
Dubai Business Bay – A New Horizon for Off-Plan Property Market
Dubai, a city where buildings rise high as the sky in every corner with an exciting business atmosphere, attracts investors and entrepreneurs from all over the world. The most vital of its varied …