Investments of banks operating in the UAE reached Dhs580 billion at the end of July 2023, the highest level in history, according to the latest statistics of the UAE Central Bank.
UAE, OECD host regional forum on global minimum tax
The forum was inaugurated by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs …
UAE bank investments hit record high of $158bn
Investments of banks operating in the UAE reached AED580bn ($158bn) at the end of July 2023 according to the latest statistics of the Central Bank. The figure is the highest level in history and is 18 …
UAE Banks’ investments grow 18.8% in July to $157.9bln
The data showed that investments of banks operating in the country increased by 18.8 percent on an annual basis …
Emirates Development bank showcases AgriTech financing solutions
Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, is displaying its innovative financing solutions and bespoke AgriTech …
Bank for International Settlements Calls for AI Solutions in ‘COP28 UAE TechSprint
The Bank for International Settlements (BIS) has embarked on an ambitious journey to combat climate change and advance sustainable finance through the “COP28 UAE TechSprint” initiative. This global …
Arzan Wealth advises on new amortizing mezzanine finance transaction
Arzan Wealth advised on the structuring of the mezzanine instrument and the due diligence of the underlying collateral assets and will continue its advisory role during the holding period of this …
Philippines seeks to boost investments from the UAE amid economic reforms
The Philippines is looking to increase investment from the UAE and the wider Middle East as it implements a series of reforms and rolls out incentives to boost infrastructure development and its …
UAE’s Financial Wealth To Reach $1.3 Trillion By 2027, Says Report
The Boston Consulting Group (BCG) has released a report that projects the UAE’s financial wealth to grow by 5.5% annually from 2022 to 2027. This growth would see the nation’s wealth increase from $1 …
BSP woos UAE investors to enter PHL Islamic finance sector
THE PHILIPPINES is an attractive investment destination for Islamic banking and finance, with an underserved market to tap into, an official from the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
I scooped £1.8m lottery prize – but my life spiralled after I splashed out on a trip to Dubai – it was the darkest time
A WOMAN who scooped a £1.8m lottery prize says her life spiralled after she splashed out on a trip to Dubai. What should have been an exciting and positive time for Lara Griffiths, 53, and her now …
UAE’s financial wealth set to hit $1.3tr by 2027
The UAE’s financial wealth is projected to grow at a compound annual growth rate of 5.5 per cent to $1.3 trillion by 2027 from $1 trillion in 2022 while the share of wealth held by individuals in the …
UAE banks to see 7% credit growth this year: report
UAE banks will see credit climb by seven per cent this year, according to . The credit rating agency expects that the banks of the United Arab Em …
UAE’s financial wealth to grow by 5.5% annually, reaching $1.3 trln by 2027
In 2022, 25% of the UAE’s financial wealth came from Ultra High Net Worth individuals worth more than USD 100 million …
National Bank of Fujairah partners with Living Business to provide sustainability guidance to businesses
Dubai – National Bank of Fujairah (NBF) has announced a new partnership with Living Business, designed to provide comprehensive sustainability coaching services to business customers.
UAE’s financial wealth set to reach $1.3trln by 2027 – BCG
Bonds are expected to grow the fastest with a CAGR of 8.4% between 2022 and 2027, according to Boston Consulting Group (BCG) …
Emirates Development Bank launches series of forums to foster collaboration, support national economic growth
Emirates Development Bank (“EDB” or “the Bank”), in collaboration with Make it in the Emirates initiative by the Ministry of Industry and Advanced Technology (MoIAT), today hosted EDB Connect – Dubai …