Emirates International Investment Company, the strategic investment arm of National Holding, has acquired a 7.6 per cent stake in Abu Dhabi Islamic Bank, the UAE’s second largest Islamic lender by …
Dubai Empower Q1 net profit down 6%, misses estimate
Dubai Financial Market-listed Emirates Central Cooling Systems Corporation, known as Empower, said it made a net profit attributable to owners of 167.3 million dirhams ($46 million), nearly 8% lower …
UAE and Switzerland to strengthen financial, economic co-operation
The UAE, represented by the Ministry of Finance (MoF), has held the fifth financial dialogue with the Swiss Confederation in the Switzerland capital, Bern. Both parties discussed bolstering strategic …
GEMS stake sale: Talks with Abu Dhabi group in limbo
GEMS, which has about 60 schools across the Middle East and North Africa, considered an IPO in 2019 but Dubai’s decision to freeze school fees at the time disrupted those plans. The sector is now …
UAE holds the fifth financial dialogue with Swiss Confederation
The UAE, represented by the Ministry of Finance (MoF), held the fifth financial dialogue with the Swiss Confederation in the Swiss capital, Bern. Both parties discussed means of bolstering strategic …
Dubai records over 2.2 billion dirham in realty transactions
The mortgages included 94 villas and apartments worth AED538.96 million and 19 land plots valued at AED736.16 million. Dubai real estate market recorded 440 sales transactions worth AED830.88 million, …
Buying property in Dubai: Top buyer nationalities revealed
Betterhomes recorded a mortgage increase by 14% in the last quarter with a growing number of buyers favouring cash purchases. Buying property in Dubai: Top buyer nationalities revealed. Arabian …
Dubai International Financial Centre enacts new venture studio regulations
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, on Thursday announced the enactment of the new venture studio …
UAE holds fifth financial dialogue with the Swiss Confederation
The UAE, represented by the Ministry of Finance (MoF), has held the fifth financial dialogue with the Swiss Confederation in the Swiss capital, Bern. Both parties discussed bolstering strategic …
Dubai property deals hit another high on Wednesday at AED2.2bn
Wednesday’s deals included 440 sales transactions worth AED830.88 million, 113 mortgage deals of AED1.28 billion and 22 gift deals amounting to AED100.85 million Dubai property deals hit another high …
Dubai: Meet India’s ‘Mark Zuckerberg’ who now runs billion-dollar company from the emirate
Founder of world’s first sustainability-focused blockchain startup wants to impact a billion lives from its UAE headquarters …
UAE telecom group arm e& acquires majority stake in p2p financing platform Beehive
The acquisition will help the e& group to tap into opportunities in the SME lending market UAE telecom group arm e& acquires majority stake in p2p financing platform Beehive Beehive, e&, Telecom, UAE …
UAE holds the Fifth Financial Dialogue with the Swiss Confederation
The dialogue aims to discuss means of bolstering strategic relations and bilateral cooperation in various development, economic and financial fields of common interest …
Commercial Bank of Dubai ’s net profits jump 33.5% in Q1-23
Dubai – Commercial Bank of Dubai (CBD) witnessed 33.40% year-on-year (YoY) higher net profits at AED 575.22 million in the first quarter (Q1) of 2023, compared to AED 431.33 million. The UAE lender …
Standard Chartered Partners with Dubai Fintech Summit to Drive the Future of Digital Financial Innovation
International banking group Standard Chartered has taken on host sponsorship of the Dubai FinTech Summit to be held in Dubai next week 8-9 May 2023. Organised by Dubai International Financial Centre …
Dubai records over AED 2.2 billion in realty transactions
Dubai real estate market recorded 440 sales transactions worth AED830.88 million, in addition to 113 mortgage deals of AED1.28 billion, and 22 gift deals amounting to AED100.85 million on Wednesday.
Dubai Islamic Bank okays acquisition of digital banking group in Türkiye
Dubai Islamic Bank’s board of directors has given the green light to acquire a 25% stake in a new digital banking group in Türkiye. Although …