The development includes the construction of five key intersections, with a combined 13,500m of bridges and 12,900m of roads.
Ministry of Finance organises workshop to promote PPP projects
Federal entities participate, including ministries and entities from education, health, investment, and social sectors …
Dubai’s Mashreq enters Oman’s growing banking sector
Oman’s banking industry has more than doubled in size since 2013 but may lack the scale to meet state financing needs, experts told AGBI last October, with lenders already stretched in terms of their …
Hedge Funds Adjust Oil Market Strategies Amid Middle East Tensions
Dubai Hedge funds are recalibrating their positions in the oil market as geopolitical tensions in the Middle East introduce new uncertainties. The recent escalation of conflicts, particularly …
CBUAE reports $1.21 trillion in bank assets by end of October
Banks’ deposits increased by 1.5%, from AED 2,761.4 billion at the end of September to AED 2,802.5 billion at the end of October 2024 …
Dubai: How high will property prices rise on Sheikh Zayed Road, Jaddaf after freehold shift?
Residential properties in these areas are likely to see increased demand and value, appealing to expatriates and investors,’ said one expert …
Nisus Finance Expands in GCC, Adding USD 55 Million to Fund AUM through Strategic Real Estate Deals
Nisus Finance Services Co Limited. (BSE- NISUS | 544296 | INE0DQN01013), a trailblazer in investment management with a focus on urban infrastructure, proudly announces the acquisition of two Grade A …
Dubai real estate sector recorded $3.3bn of transactions last week, including $13.6m Palm Jumeirah apartment
The Dubai real estate sector recorded AED12.13m ($3.3bn) of transactions last week, according to data from the Land Department. Mortgages dominated the figures, with AED9.06bn ($2.5bn), according to …
Nisus Finance Expands Footprint with Key Dubai Acquisitions
Nisus Finance Services Co Limited has acquired two Grade A residential properties in Dubai, boosting its assets under management by USD 55 million. This move cements its position in the region’s real …
ADCB localizes 100% of its banking workforce across all its branches in Al Ain
In a ground-breaking achievement in the banking sector, Abu Dhabi Commercial Bank (ADCB) proudly announced achieving 100% Emiratisation across all banking roles in its Al Ain branches. This milestone …
DIB increases stake in Türkiye’s Digital Bank to 25%
The move follows the initial acquisition in September 2023, further cementing DIB’s presence in Türkiye’s dynamic financial landscape …
Dubai Islamic Bank raises stake in Turkiye digital bank to 25%
Dubai Islamic Bank, the UAE’s biggest Shariah-compliant lender by assets, has increased its shareholding in Turkey’s T.O.M Group of Companies to 25% from 20%, exercising an option that was a part of …
Saudi Arabia leads GCC IPO market in 2024 with USD4.1B raised
By generating USD4.1 billion from 42 listings in 2024—the most in the region—Saudi Arabia consolidated its position in the Gulf Cooperation Council’s …
Markaz: GCC IPOs raise USD 13.2 billion in 2024
Markaz’s report stated that the UAE led the region in terms of IPO proceeds for the third year in a row, raising a total of USD 6.4 billion which constituted 49% of the total GCC IPO proceeds during …
Delegation from Dubai’s Department of Finance explores innovative services at Dubai Autism Center
Dubai: A distinguished delegation from Dubai’s Department of Finance (DOF), led by Mr. Arif Abdulrahman Ahli, Executive Director of the Planning and General Budget Sector, visited the Dubai Autism …
UAE resident’s bank account drained by scammers posing as Dubai utility provider
In six short minutes, scammers claiming to represent Dubai’s utility body stripped one man’s bank account of Dh2,300 ($626) leaving him penniless, after promising him a refund for an overpaid water …
Former Dubai resident’s bank account drained by scammers posing as utility provider
In six short minutes, scammers claiming to represent Dubai’s utility body stripped one man’s bank account of Dh2,300 ($626), after promising him a refund for an overpaid water bill. Antonio da Silva, …