Stay ahead of the curve in the finance sector with our in-depth economic news coverage, featuring key insights into global markets, banking, and fiscal policies.
Dubai has become one of the top destinations for forex traders in the Middle East. With progressive financial regulation, access to global markets, and tax-free trading advantages, the city attracts both novice and experienced traders from around the world. In this detailed guide, we’ll walk you through how to choose a forex broker in Dubai, …
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Michael James Burke is a prominent public figure in the business’s world. He is the co-founder of Burke business Time and currently serving as the Chief Executive Officer of the company. His work represents his leadership and perception which he used to revolutionize financial management and establish new benchmarks. Background in school and early inspirations …
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Amol Awasthi is a well-known businessman who currently resides in Dubai. He has established and led numerous successful businesses all over the world in his 21 years of professional experience. Due to his big achievements and smart plannings during his career, he has become a renowned leader in the business world. Amol has a remarkable …
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National Bonds, the UAE’s leading Sharia-compliant savings and investment company, has announced its inclusion as an investment option within the DIFC Employee Workplace Savings (DEWS) Plan. This strategic partnership marks a significant milestone, as National Bonds continues to enhance its portfolio and reach a broader audience. This announcement comes at a time of notable achievements …
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The Dubai Financial Market (DFM) announced a significant boost in its financial performance for the first quarter of 2024, with a net profit of Dh95.6 million before tax, marking a substantial 171% increase compared to the same period last year. This impressive financial growth reflects the robust activity and investor confidence within the market. The …
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In a significant financial milestone, banks operating within the United Arab Emirates have collectively reached an aggregate capital and reserves sum of Dh500 billion as of January 2024. This figure, released by the Central Bank of the UAE (CBUAE), indicates a substantial 13.3% year-over-year growth from Dh438.6 billion in January 2023, highlighting the robust health …
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The United Arab Emirates has made a significant leap in Kearney’s 2024 Foreign Direct Investment (FDI) Confidence Index, advancing from the 18th to the 8th position, as it continues to diversify its economy beyond oil. This rise positions the UAE as the Arab world’s second-largest economy and places it second in Kearney’s emerging market index, …
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National Bonds, a leading savings and investment firm, has announced an unprecedented return of up to 5.84% on saving bonds for the year 2023, marking the highest return in the company’s history. This significant announcement was made during a press conference on Tuesday, underlining the firm’s success and robust growth in the savings sector. The …
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Lunate, a global investment firm, has made a significant move in the energy sector by acquiring a 40% stake in ADNOC Oil Pipelines llc. This stake was procured from leading institutional investors BlackRock and KKR, marking a notable shift in the ownership of the prominent oil pipeline operator. ADNOC Oil Pipelines, a subsidiary of the …
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Du, also known as Emirates Integrated Telecommunications Company (EITC), has made a significant stride in the digital finance domain by acquiring licenses from the Central Bank of the UAE to offer new digital financial services. This move aligns with the company’s strategy to introduce innovative financial solutions, contributing to the development of a sophisticated and …
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March brought a wave of bustling trading activity to the Dubai Financial Market (DFM), according to the latest report released by Kamco Invest’s GCC Markets Monthly Report on Monday. The total volume of shares traded on the DFM saw a significant increase of 36.9 percent, soaring to 4.8 billion shares, up from 3.5 billion in …
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Navigating Self-Employment: Top 5 Financial Blunders to Avoid Embarking on the journey of self-employment means joining a vast community of business owners all aiming to realize their dreams. However, this path is filled with unique challenges, particularly in the financial realm during the initial phases. Avoiding certain pitfalls can significantly enhance the likelihood of achieving …
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In a move poised to significantly transform the global banking landscape, SWIFT, the renowned global bank messaging network, is gearing up to launch a groundbreaking platform designed to integrate the burgeoning wave of central bank digital currencies (CBDCs) with the existing financial system. This ambitious project, as disclosed to Reuters, is scheduled for rollout within …
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In a significant move that highlights the United Arab Emirates’ (UAE) growing influence in global financial markets, four UAE banks have played a pivotal role in helping the Africa Finance Corporation (AFC) secure a substantial syndicated loan. The AFC, recognized as a premier infrastructure solutions provider in Africa, has successfully raised a staggering $1.16 billion …
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The UAE Ministry of Finance (MoF) has initiated a digital public consultation to collect viewpoints from relevant stakeholders on the implementation of the Global Minimum Tax (GMT) or the Global Anti-Base Erosion Model Rules (GloBE Rules). This consultation, which is open from March 15 to April 10, is accessible via the ministry’s website or the …
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