Central Bank approves regulation for classification of loans
The Board of Directors of Central Bank of the UAE held its 6th meeting for the year under the chairmanship of Khalil Mohammed...
Equities set for a bear hug over the coming months
Goldman Sachs has downgraded its outlook on equities to "neutral" over the next 12 months, saying there's no particular reason to own them.
"Until we...
Abu Dhabi Securities Market To Become Public Joint Shares Company
President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, issued a law regulating the legal status...
Gold Prices Weekly Outlook: No Big Rally, No Fall
Gold prices closed lower for ninth session in a row last Friday. Strong U.S. employment data reinforced expectations of a Federal Reserve interest rate...
Al Rajhi Capital and Arcapita announce launch of USD500 million Real...
Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia’s Al Rajhi Bank, and Arcapita Bank B.S.C.(c), an international investment firm headquartered...
SCA to issue new regulations to enhance stock markets
The 5th Annual Conference of the UAE Securities and Commodities Authority (ESCA) was held here in Dubai under the auspices of Engineer Sultan bin...
DMCC successfully redeems US$200 million sukuk
Final US$20 million repayment on five-year Islamic bond made on schedule
Demonstrates underlying financial strength of DMCC
Underscores rapid growth...
First Internet IPO on DFM
After the eruption of the financial crises of 2008, it is no secret for people in business circles, that investors (both retail and institutional)...
New electronic system for tenders launched
DoF starts publishing its tenders electronically
The Department of Finance recently completed a project to operate electronic tendering systems and electronic registration of suppliers and...
Leading Dubai-based conglomerate to launch an IPO
Dubai-based conglomerate Al Habtoor Group is considering to launch an IPO (initial public offering) in Dubai given strengthening equity markets, the company said in a...
Emirates Money launches ‘Loan against Property’ for UAE residents
Loans of up to AED 3 million offered to UAE residents, against property owned in UAE
Repayment tenors of up to 15 years with facility...
Growth and Profitability Fears after Oil Price Spike
Following the recent oil price spike, investors fear for corporate profitability and global growth, according to the BofA Merrill Lynch Survey of Fund Managers...
Abu Dhabi Finance opens Al Ain service centre
Abu Dhabi Finance, has launched its first service centre in Al Ain, the Emirate's second city. The service centre was officially opened with...
Here’s How Many People COVID-19 Could Push into Poverty
COVID-19 is likely to push between 88 and 115 million people into extreme poverty, according to the Poverty and Shared Prosperity Report 2020.
South Asia...
Emirates NBD announces senior appointments
1. Appoints Head of Priority Banking, Vice President for Credit and Collections
2. Industry veterans with nearly 40 years of collective experience to support growth...
Dubai FDI announces its Global Promotional Investment Program for 2020
Program to include official trips to US, India, China and Australia
Dubai FDI, the investment development agency of Dubai Economy, has announced its series of...
Abu Dhabi Global Market grants In-Principle Approval for Binance
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial...
FAB Launches Exclusive Benefits for Golden Visa Holders
The newly-launched benefits for Golden Visa holders were made possible through a collaboration between FAB and the Abu Dhabi Residents Office
First Abu Dhabi Bank...