Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today co …
UAE Central Bank renews $4.9bn currency swap deal with China
The UAE Central Bank and the People’s Bank of China signed an agreement in Hong Kong to renew their bilateral currency swap agreement for five years, to boost financial and economic ties. The size of …
Largest US bank expands UAE presence
JP Morgan, the largest US bank, is planning to expand its presence in the UAE by offering deposit-taking and payment-processing services to wholesale banking clients from the Abu Dhabi Global Market …
Dubai hedge fund boom as international firms flock to city
Dubai is becoming a hub for hedge funds as asset managers head to the city. Dubai International Financial Centre (DIFC) has confirmed that unprecedented numbers of hedge funds continue to set up in …
USD40bln in retail investor capital could be mobilised to combat climate change in the UAE
93% of investors in the UAE are interested in climate investing Making a positive impact and personal values are the top investor motivations Dubai: Standard Chartered’s latest Sustainable Banking …
Bongbong Marcos flying to Tokyo and Dubai in December
President Ferdinand “Bongbong” Marcos Jr. is headed to United Arab Emirates (UAE) and Japan in December. He is expected to sign the 2024 national budget before his trip to Tokyo. During a Palace …
Moving to Dubai in 2024: A checklist
Moving to a new nation is an exciting but complex undertaking and since you intend to move to Dubai in 2024 careful preparation will be essential to a smooth transition …
British man in Dubai jail cell ‘until he dies’ makes plea to King
He was eventually sentenced to 10 years in prison for fraud, accused of breaking the terms of a £372 million loan received from the Dubai Islamic Bank. When he was due for release, the UAE authorities …
UPDATE 1-JPMorgan to expand payments, corporate banking services in Abu Dhabi
(Adds background in paragraphs 2, 5 and 6; Dimon’s comments in paragraph 4) Nov 27 (Reuters) – JPMorgan said on Monday it is expanding its payments and corporate banking businesses in Abu Dhabi, the …
UAE invests over Dhs183.5 billion in renewable energy projects
Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, has committed up to Dhs1.3 billion ($350 million) to support the Energy Transition …
Dubai Taxi Co to price $310m IPO at top of the range
The IPO of Dubai Taxi Co is due to be priced at Dh1.85 a share, the top of the initial range, valuing the company at Dh4.6bn ($1.2bn), as the Middle East continues to defy the downturn afflicting the …
UAE finance sector up 13% in 2023
The financial sector, a cornerstone of the UAE economic diversification drive, has surged by a remarkable 30 per cent in the second quarter of this year and is expected to continue its upward …
UAE financial sector expected to grow 13% in 2023: ADDED Chairman
The UAE’s financial sector, a cornerstone of the country’s economic diversification drive, has surged by a remarkable 30 per cent in the second quarter of ..
Fintech to propel Islamic banking to $4 trillion by 2026
The global Islamic banking industry is projected to grow to $4 trillion by 2026, primarily driven by the GCC nations, a report said on …
Emirates NBD extends safe banking collaboration with Dubai Police to launch #IWillSurvive campaign
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced further collaboration with Dubai Police and Leo Burnett to launch a …
Crypto Hedge Fund Nine Blocks Snags Dubai Digital Assets License
Nine Blocks, which follows a market neutral strategy, also made Dubai its global headquarters.
Abu Dhabi’s financial sector forecast to grow 13% in 2023
ABU DHABI – Abu Dhabi’s financial sector is forecast to grow 13% in 2023, a senior official said on Monday, as efforts to diversify the Gulf city-state’s economy gather pace. Duba …